Wednesday, November 18, 2009

Senate bill: 2,000 pages and $849 billion

Senate Majority Leader Harry Reid scrambled Wednesday to pull together 60 votes for his health reform bill – and his effort got a boost from congressional scorekeepers, who said his plan would cost $849 billion over 10 years, comfortably below the president’s $900 billion limit.

Reid said Tuesday that he is "cautiously optimistic" he can secure the 60 votes he needs to move forward on the bill by this weekend. Reid's bill is expected to include a national government insurance plan with a provision for states to opt out. Reid is also expected to adjust a 40 percent excise tax on high-value insurance plans by raising the threshold at which insurers would pay the fee. He's expected to make up for that lost revenue by proposing an expansion of the Medicare payroll tax.


No comments:

Post a Comment