House Democrats Health Care Plan

healthcareThe following story was posted in the LATimes today. It provides the most comprehensive analysis I have been able to find so far about the Health Care plan introduced this week in the House.

House Democrats unveil healthcare overhaul plan

Sen. Jeff Bingaman (D-N.M.) said of the bill unveiled by House Democrats, “I don’t think it’s going to go anywhere in the Senate.”

The bill creates a government insurance option, increases insurance regulation, and raises taxes on the wealthy to help pay for it. It immediately draws Republican fire.

By Noam N. Levey
July 15, 2009

Reporting from Washington — Capping months of work, House Democratic leaders on Tuesday introduced their plan for a sweeping remake of the nation’s healthcare system. Among the provisions in the 1,018-page bill: creation of a new government insurance option, increased regulation of the insurance industry and other steps to ensure near-universal medical coverage for the first time in U.S. history.

The bill would also set out new initiatives to begin curbing costs in a healthcare system that is expected to consume nearly $2.5 trillion this year. And the legislation’s more than $1-trillion cost would be offset in part by a new tax on wealthy Americans.

The proposal, among the most liberal of several competing blueprints for revamping the system, drew swift criticism from Republicans and more than 30 business groups, many of which have supported some form of change.

Read the complete article here.

  1 comment for “House Democrats Health Care Plan

  1. Robert Lauten
    July 15, 2009 at 9:24 am

    See: “How will the bill lower costs and improve quality …?” Answer: “The government would set up a pilot program … to reduce unnecessary treatment.” This is Nazi Health Care! http://www.larouchePAC.com

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