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With what they've pretty hefty price tag of a trillion bucks.
In government money to repair America's health care system so -- -- also reform do more harm than good to our overall economy.
He runs is in Washington DC with the very latest Peter -- campaign by the White House to.
Tell the American people -- gonna cost as much thing.
-- cost has become a big focus -- -- no question about it the senate health education and labor committee is resuming its work on Health Care Reform at this hour.
But the heavy lifting.
Is about the costs over at the Senate Finance Committee.
It is working to scale back its Health Care Reform plan after the Congressional Budget Office estimated it would cost at least one point six trillion dollars over ten years serious sticker shock.
Now according to this PowerPoint presentation obtained by the Washington Post and confirmed by Fox News among other things the finance committee is now considering a more market oriented plan.
It would not include a government run health insurance companies something that the president wants with but -- but which is turning out to be pretty expensive.
But the plan would expand Medicaid to -- insurance coverage to more lower income people only companies with more than 200 employees -- be mandated to provide insurance many individuals -- still get a personal mandate to buy coverage but the plan.
Would set up state run exchanges to allow people and companies to shop for the best plans -- the best prices from private insurance companies.
And to save money the plan would offer.
Fewer people tax credits to buy insurance the finance committee continues its work behind closed doors but.
These latest ideas may not fly without the key senators.
I happen to be very strong for -- public option I think we need a public option in this bill.
How much do everything I -- to -- to have been a public option is included.
Obviously there are those who express their opposition and that the reason I'm for it.
Is because as one certain way to drive down cost which is obviously the goal we all hate.
And at 1 o'clock today democratic leaders in the house will unveil their separate Health Care Reform plan and they get.
That's expected to include new taxes on soda pop.
-- soda out of -- demands -- part of the country you're from soda pop.
Alcoholic beverages and tobacco products as well as the top possible surcharges income tax surcharges to help pay.
For all of this -- -- -- -- A -- it won't pay for all of it right that'll only just put a -- and that -- -- -- from well -- Taxes are part of the plan here the president has proposed 300 billion dollars in new taxes to try to help on this but and the other piece of -- he would fun with cuts in Medicaid and Medicare but that runs counter.
To the Medicaid expansion plans that the Senate Finance Committee is looking -- so this is very tough work it's going to be a long slog right in the lawmakers.
Don't like the tax increases or at least some of them that -- administration has proposed because they want to.
Essentially reduce the amount you can get charitable deductions again the mortgage interest deduction for wealthy Americans and reduced that -- on -- on -- -- with.
-- regular -- -- looking for other revenue sources like taxes on soda.
-- was -- they're grasping at straws but I'm glad you're covering and I'll be divided thank you so much.
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