Sept. 16 (Bloomberg) -- Senate Finance Committee Chairman Max Baucus unveiled legislation to overhaul the U.S. health- care system after trying for months to reach a bipartisan agreement on President Barack Obama’s top domestic priority.
Without support from a single Senate Republican, the Montana Democrat proposed an $856 billion plan that would require almost all Americans to have insurance or pay a penalty, expand Medicaid, and provide subsidies to help millions of other lower-income people obtain coverage through an online exchange.
The finance committee is the last of five congressional panels to grapple with legislation intended to expand coverage to tens of millions of uninsured Americans and rein in health- care costs, which account for a sixth of the economy. The plans being considered would mark the most sweeping changes in the nation’s medical-care system in more than four decades.
“The cost of America’s broken health-care system has stretched families, businesses and the economy too far for too long,” Baucus said in a statement. “This is a unique moment in history where we can finally reach an objective so many of us have sought for so long.”
In a bid to get Republican support, he’s offering a lower price tag compared with bills approved on party-line votes by the Senate health committee and three House panels, each of which would cost about $1 trillion over 10 years.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJb9bBHZR6gcThey won't vote for the bill THEY WROTE! It's a set up!
CALL THEIR BLUFF! KILL BILL!
And the insurance companies will FREAK! The Republicans will have to vote for it if we don't!