Wednesday, June 17, 2009
The Senate Health Committee is set to start work on a health-care bill today.
Cost estimates for President Barack Obama's plan to overhaul the system are coming in at more than $1 trillion. The eye-popping figures are forcing majority Democrats to scale back their plans to subsidize coverage for the uninsured.
There are still big holes to be filled on the most controversial issues in the bill, including a new public insurance plan to compete with the private market, and whether employers must provide health care for their workers.
The bill is being authored by the committee chairman, Sen. Edward Kennedy.
But negotiators got a jolt Monday when the Congressional Budget Office produced an analysis pricing it at a trillion dollars over 10 years. At the same time, the report said the plan would still leave 37 million people uninsured.