Senate Health Bill Said to Cost $849 Billion Over 10 Years
By ROBERT PEAR and DAVID M. HERSZENHORN
NYT
WASHINGTON – The Senate majority leader, Harry Reid, put forward his version of sweeping health care legislation on Wednesday, which a Senate aide said would cost $849 billion over 10 years. Mr. Reid promised that it would reduce the federal budget deficit while covering most of the uninsured and adding new benefits to Medicare.
The senior Senate Democratic leadership aide said the bill’s costs would be more than offset by new taxes and reductions in government spending, particularly on Medicare, so that the legislation would reduce future federal deficits by $127 billion.
The official cost analysis by the nonpartisan Congressional Budget Office was not immediately available, but if the cost projection holds up, it would meet President Obama’s requirement that the bill’s costs be held to about $900 billion. Mr. Reid presented the bill at a meeting with his fellow Democrats.
Though broadly similar to the House bill, Mr. Reid’s proposal is expected to differ in important ways. It is, for example, likely to increase the Medicare payroll tax on high-income people and to impose a new excise tax on high-cost “Cadillac” health plans offered by employers to their employees.
(More here.)
NYT
WASHINGTON – The Senate majority leader, Harry Reid, put forward his version of sweeping health care legislation on Wednesday, which a Senate aide said would cost $849 billion over 10 years. Mr. Reid promised that it would reduce the federal budget deficit while covering most of the uninsured and adding new benefits to Medicare.
The senior Senate Democratic leadership aide said the bill’s costs would be more than offset by new taxes and reductions in government spending, particularly on Medicare, so that the legislation would reduce future federal deficits by $127 billion.
The official cost analysis by the nonpartisan Congressional Budget Office was not immediately available, but if the cost projection holds up, it would meet President Obama’s requirement that the bill’s costs be held to about $900 billion. Mr. Reid presented the bill at a meeting with his fellow Democrats.
Though broadly similar to the House bill, Mr. Reid’s proposal is expected to differ in important ways. It is, for example, likely to increase the Medicare payroll tax on high-income people and to impose a new excise tax on high-cost “Cadillac” health plans offered by employers to their employees.
(More here.)
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1 Comments:
I don't see what the big hold up is they should have already passed the damn Health Care Bill these people are out of control and need to get a life lesson of how other people are depending on having some type of hope for a better health care system America is so jacked up I swear.
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