Ilovebenefits’s Blog

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Senate Finance Committee Bill

Editor’s note: First, let’s see what CBO has to say about the cost of the bill. Next, let’s understand what 94% of people covered means. If there are 300 million people in this country, then that leaves 18 million uninsured. Since the debate started with covering all Americans and we are spending 100m less and not covering 18 million what exactly are we getting for this incremental cost?

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The emerging Finance Committee bill would shave about $100 billion off the projected trillion-dollar cost of the legislation over the next decade and eventually provide coverage to 94 percent of Americans, according to participants in the talks. It would expand Medicaid, crack down on insurers, abandon the government insurance option that President Obama is seeking and, for the first time, tax health-care benefits under the most generous plans. Backers say the bill would also offer the only concrete plan before Congress for reining in the skyrocketing cost of federal health programs over the long term.

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August 6, 2009 - Posted by | Federal Government, healthcare | , , ,

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