Which statement best describes the “public option”? January 2, 2023 by admin A public insurance plan modeled after Medicare that would compete with private plans to enroll those without coverage. An individual option to participate in a public plan providing the mandatory minimum of coverage. A public insurance plan modeled after Medicare that would provide universal coverage. An individual option to participate in a public plan after reaching age 55. See Answer A public insurance plan modeled after Medicare that would compete with private plans to enroll those without coverage.