By By Patrick McMahon Sep 7, 2009 in Politics The Gang of Six, a group of Republicans and Democrats on the Senate Finance Committee, apparently has been working on their own piece of healthcare legislation, which according to reports will not have a public option. The Senate Finance Committee, led by Chairman Max Baucus (D-MT) has been meeting on and off over the past few weeks trying to create a bill that can attract some Republican support. Other members of the "Gang of Six" include Kent Conrad (D-ND), Jeff Bingaman (D-NM), Mike Enzi (R-WY), Charles Grassley (R-IA), and Olympia Snowe (R-ME). In place of the public option, the bill will call for the creation of nonprofit healthcare cooperatives. The bill also will cost less than $900 billion over the next ten years, which is less than many other Democratic options out there. Sources say the bill will contain a new tax on high end insurance policies, as a way to help pay for the bill. On Wednesday, President Obama is planning a speech to a joint session of Congress to talk about healthcare reform. Aides say he favors a public option, but that legislation does not necessarily have that provision for him to sign it. For the Democratic Party, the majority of elected officials have expressed public support and insist on a public option, or government run version, of healthcare reform. Out of the several bills in Congress, only one group was working in a bipartisan manner to craft legislation.The Senate Finance Committee, led by Chairman Max Baucus (D-MT) has been meeting on and off over the past few weeks trying to create a bill that can attract some Republican support. Other members of the "Gang of Six" include Kent Conrad (D-ND), Jeff Bingaman (D-NM), Mike Enzi (R-WY), Charles Grassley (R-IA), and Olympia Snowe (R-ME).In place of the public option, the bill will call for the creation of nonprofit healthcare cooperatives. The bill also will cost less than $900 billion over the next ten years, which is less than many other Democratic options out there. Sources say the bill will contain a new tax on high end insurance policies, as a way to help pay for the bill.On Wednesday, President Obama is planning a speech to a joint session of Congress to talk about healthcare reform. Aides say he favors a public option, but that legislation does not necessarily have that provision for him to sign it. More about Healthcare reform, Congress, Democrats More news from healthcare reform congress democrats