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-- economic guys -- on that stimulus package president elect Barack Obama is working on to try to help jumpstart the economy.
But the incoming administration has been hard at work on another one of mr.
Obama's priorities Health Care Reform.
Peter Barnes joining us now from Washington more details on this Peter.
While Bryant happy new year two and one of the president elect's top priority is fixing the nation's health care system.
Costs are soaring for health care and about 45 million people still do not have health insurance.
Not to fix the system mr.
Obama proposed an ambitious health care plan during his presidential campaign among other things that would require coverage.
For four people -- preexisting conditions create a national health insurance exchange offering private insurance plans as well.
As a new government health insurance program people could buy -- to.
It would require most companies except for small businesses to offer health insurance to employees it would provide government premium subsidies for lower income families.
And would expand Medicaid and the state children's health insurance plan.
Now the cost of all this the Obama team says about 65 billion dollars a year though other estimates go much higher double or more.
And the president elect would pay -- by rolling back tax cuts for people making more than 250000 dollars a year now.
For several months one of mr.
Obama's allies in the senate Senator Ted Kennedy chairman of the health education and labor committee.
Has been working quietly on getting this package ready for consideration sometime this year.
Most stakeholders say passage of some health insurance health care bill as likely this year or by 2010.
Unlike the big health care plan President Clinton tried to pass the 1994.
This time most stakeholders are on board with a more reform plan.
Especially large and small businesses which are seeing health insurance costs soar.
I think there is -- realization among the business community among the consumer commuting from labor community provider community.
That we shouldn't miss this opportunity.
That the most expensive thing the most destructive things to do nothing at all.
So watch for action on -- health care plan early in the new congress perhaps with some components.
In the stimulus bill that the on the team is expected to drop here in the next week or so Brian back to you Peter Barnes in Washington thank you very much.
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