WASHINGTON - A bipartisan group of 48 House members introduced managed competition legislation that is billed as a middle-of-the road alternative, more conservative than President Clinton's plan and more liberal than the Republican plan presented by Sen. John Chafee of Rhode Island.

H.R. 3222, the Managed Competition Act of 1993, is sponsored by Rep. Jim Cooper, D-Tenn. Co-sponsors include 27 Democrats and 19 Republicans. The lead Republican co-sponsor is Fred Grandy of Iowa. A companion bill is expected to be introduced in the Senate by John Breaux, D-La., and David Durenberger, R-Minn.

Jackson Hole

The bill hews closely to the line proposed by the Jackson Hole Group and other advocates of managed competition. It has been endorsed by Paul Ellwood, director of the Jackson Hole Group, the Democratic Leadership Council and members of the Conservative Democratic Forum