While the headline news from Harry Reid was about the public option, which is firm and in stone, on several other fronts, the deal has not completely been made. A Senate leadership aide close to the negotiations emailed me that on issues of affordability and coverage subsidies, among others, Reid is sending 2-3 versions to the CBO, and then will choose the option which covers the most people and saves the most money for the federal government. So we’ll have to wait a while longer for a public bill. I’m working on some of the other details of the most defined measure in the bill thus far, that public option with an opt-out.

The White House has forwarded a response to all this:

The President congratulates Senator Reid and Chairmen Baucus and Dodd for their hard work on health insurance reform. Thanks to their efforts, we’re closer than we’ve ever been to solving this decades-old problem. And while much work remains, the President is pleased that at the progress that Congress has made. He’s also pleased that the Senate has decided to include a public option for health coverage, in this case with an allowance for states to opt out. As he said to Congress and the nation in September, he supports the public option because it has the potential to play an essential role in holding insurance companies accountable through choice and competition.

Chuck Schumer also praised Reid for including a public option in the bill, and he confirms that it is based on his “level playing field” version:

“Leader Reid has always been a strong supporter of a public option that could help keep the insurers honest, and today he showed just how deep his commitment is. The public option has new life because as Americans have learned more about it, they have come to see it is the best way to reduce costs and increase competition in the health insurance industry. This form of public option is not exactly what either liberals or moderates would want. But a public plan based on a level playing field, with an opt-out for states, is the best compromise that has the potential of getting 60 votes in the Senate.”

MoveOn sent along a video from Robert Reich detailing the final steps for reform, using the snappy new phrase “medical-industrial complex.”

UPDATE: Importantly, Max Baucus signaled his full support of Reid’s bill:

It is time to make our system work better for patients and providers, for small business owners and for our economy. It is time for health care reform. For more than a year, we’ve been working to meet the goals of reducing the growth of health care costs, improving quality and efficiency and expanding coverage. There are a tremendous number of complicated issues that go into reform and the public option is certainly one of them. I included a public option in the health reform blueprint I released nearly one year ago, and continue to support any provision, including a public option, that will ensure choice and competition and get the 60 votes needed to pass the Senate. Success should be our threshold and I am going to fight hard for the 60 votes we need to meet that goal this year.

UPDATE II: In a bit of hilarity, the NRSC, the campaign arm for Republicans, called Reid a “partisan bully” because of his decision on this bill. Boy, if only that were true…