Saturday, November 7, 2009

Obama urges passage as House health vote nears

http://www.marketwatch.com/story/house-readies-for-historic-health-care-vote-2009-11-07

The Democrats' bill would be financed by about $500 billion in cuts to Medicare and Medicaid, as well as new taxes on high-income earners. Employers and individuals who don't buy coverage would also be required to pay fines.

Paying for the legislation is a key difference between the House and Senate measures. While the House bill would tax families making more than $1 million a year, the Senate's would tax insurers offering high-value plans.
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For a copy of the House bill, see http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h3962ih.txt.pdf

For a summary of the Republican proposal, see http://gopleader.gov/UploadedFiles/Summary_of_Republican_Alternative_Health_Care_plan.pdf