Details Emerge on health care and bill insurance reform and how to finance

Details Emerge on health care and bill insurance reform and how to finance -

President of the Senate Max Baucus Finance Committee expressed confidence that a proposed health care legislation would be assembled shortly after Congress returns from 4 break in July, reports Washington post .

As it seems now, the proposed health care legislation 1000000000000 $ will be financed entirely by tax hikes, Medicare cuts and new penalties for employers who do not offer health insurance .

The Finance Committee has reduced the price tag of the bill largely reducing subsidy levels for the uninsured. The question of a government alternative to private insurance has not been resolved, even if a cooperative model owned by its members seems increasingly likely.

The bill may also empower the federal agency MedPAC monitor Medicare costs and make adjustments with the approval of Congress. The change would eliminate Medicare considerable authority of the political process, which reduces the lobbying power of the health care industry.

Although there is still a long way to go, cutting the cost of the bill by over a third and sorting the deficit to neutrally to the fund augurs well for his future. And now that the shape of the reform of health care is finally taking shape, we can expect a whole new debate cycle.

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