This contract will settle (expire) at 100 ($10.00) if a US federal government run health plan (a public option) is approved in the United States before midnight ET on the date specified in the contract.
 
The contract will settle (expire) at 0 ($0.00) if a US federal government run health plan (a public option) is not approved in the United States before midnight ET on the date specified in the contract.
 
A federal government run health plan will be considered approved once legislation establishing the plan has been passed into law. Expiry will be based on the passage of the required legislation into law, as reported by three independent and reliable media sources.
 
This contract covers only the creation of a government run health insurance plan that is an alternative to private health insurance. It does not cover existing health insurance programs such as Medicare or Medicaid, or any changes made to these programs or the cover they provide.

A co-op system of health care provision is not considered a government run health plan and will not result in an expiry of 100 (added 28/07/09).

A system involving a "trigger" would not be considered an absolute establishment of a government run health plan as it may never be used. Therefore the contract will not expire at 100 should this system be introduced (added 04/09/09).

For the purposes of this market any public option must be national for the contract to expire at 100. If it was offered in certain states then not others then the contract would not be expired at 100 (added 08/09/09).

If a system is established that allows states to opt-in or opt-out of a government run health care plan the contract will not be expired at 100. (added 09/10/09).

Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.

The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.

Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.

 

A federal government run health insurance plan to be approved before midnight ET 31 Dec 2009

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A federal government run health insurance plan to be approved before midnight ET 31 Dec 2009

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