House Democrats Reach Deal on Healthcare Reform
After months of deliberations, the House Democrats have put together a healthcare bill that looks to bring real reform to the system. The bill is set to be formally announced on Thursday morning.
After months of talk on health care reform, many want to know what the substance of the bill is. The AP has the story:
The final product in the House, reflecting many of President Barack Obama’s priorities, includes new requirements for employers to offer insurance to their workers or face penalties, fines on Americans who don’t purchase coverage and subsidies to help lower-income people do so. Insurance companies would face new prohibitions against charging much more to older people or denying coverage to people with health conditions.
The price tag, topping $1 trillion over 10 years, would be paid for by taxing high-income people and cutting some $500 billion in payments to Medicare providers. The legislation would extend health coverage to around 95 percent of Americans.
Members of Congress hope to have the bill completed by November 11th, bringing healthcare reform a step closer.
Posted by Stohn at 5:16 PM 0 comments Links to this post