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According to the Intrade.com market a public health insurance option looks set for defeat. Currently the market gives the initiative only a 32.0% chance of being passed into law.
Earlier this week the probability of a public option had sunk to just 14.0% after President Obama appeared willing to compromise and accept non-profit health cooperatives as an alternative to a government run health insurance plan.
But the market rebounded to it's current level after prominent congressional Democrats expressed their desire to see a public option passed, and a willingness to go it alone on health care reform in the face of continued Republican opposition.
Despite this rally the market is still far from confident the public option will survive as part of the reform process.
