Odds For A Public Option in 2009 Tank

Those following the US health care debate know that comments from the White House this weekend dealt a blow to the "public option" aspect of reform.  At the end of July, we posted the odds that traders on Intrade were putting on a "public option" getting signed into law by the end of 2009.  After the White House comments this weekend, the "public option" odds took a big hit, falling from the mid-30s to just 14%.  While it's definitely still on the table, most people seem to think that getting reform with some sort of government-run plan done this year will be tough.