Thursday, October 29, 2009

House Unveils Healthcare Reform Bill


The Senate presented theirs earlier in the week. Now it's the House of Representatives' turn:

The House speaker, Nancy Pelosi of California, on Thursday unveiled a $894 billion health care package that would provide insurance to up to 36 million people by broadly expanding Medicaid, the state-federal insurance program for the poor, and by offering subsidies to moderate-income Americans to buy insurance either from private carriers or a new government-run plan.

House Democratic leaders, citing cost analysis by the Congressional Budget Office, said the bill would reduce future federal deficits by about $30 billion over the next 10 years, meeting President Obama’s demand that the health legislation not add “one dime” to the nation’s indebtedness.

This fact sheet outlines the key provisions.

Next? Debate (assuming a Republican filibuster is unsuccessful) and merging the Senate and House bills together.