Health Care Proposal Requires Coverage But Does Not Include Public Option
WASHINGTON
A summary of long expected health care reform proposals was presented Wednesday by the chairman of the Senate Finance Committee. This opens the final stage for a legislative showdown on what most see as President Obama's top domestic priority.
This bill that is being presented by Senator Max Baucus, (Democrat) Montana, is expected to cost $856 billion during the next 10 years and will require insurance coverage for all Americans.
Senator Baucus says that his bill, which has no Republican support, will not add to the federal deficit.
Financing of the plan is through in access of $500 billion in various spending reductions. These include reductions in Medicare, and a call for an additional $350 billion in new taxes and fees.
President Obama Goes Into High Gear To Push His Health Care Plan
President Obama has been describing the perils that are in store for the country if health care legislation is not passed in what appears to be a new phase of his effort to overhaul the nation's health care system.