This ought to be something.
House Democrats reached agreement Wednesday on key elements of a health care bill that would vastly alter America’s medical landscape, requiring virtually universal sign-ups and establishing a new government-run insurance option for millions.House Speaker Nancy Pelosi planned a formal announcement Thursday morning, but details were still being finalized, lawmakers and aides said. Officials said the legislation could be up for a vote on the House floor next week.
The rollout would cap months of arduous negotiations to bridge differences between liberal and moderate Democrats and blend health care overhaul bills passed by three separate committees over the summer. The developments in the House came as Senate Majority Leader Harry Reid, D-Nev., tried to round up support among moderate Democrats for his bill, which includes a modified government insurance option that states could opt out of.
Here comes the part about hanging on to your wallet…
The price tag, topping $1 trillion over 10 years, would be paid for by taxing high-income people and cutting some $500 billion in payments to Medicare providers. The legislation would extend health coverage to around 95 percent of Americans.
It gets worse. Read the whole thing if you can stomach it. Let’s hope there are enough democrats from red districts who are more afraid of the voters than they are of Pelosi.
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