Wednesday, July 8, 2009
Lawmakers $320 billion short for health care plan
After huddling and speaking with democrats on the senate Finance Committee, Chairman Max Baucus had told reporters that lawmakers need $320 billion over the coming decade in order to pay for the health care plan. The remaining balance or cost would be paid for through savings in Medicare, Medicaid and other programs. There are other options including raising taxes. This include including taxing employer-provided health benefits. A senator from North Carolina (Kent Conrad) said that senators are talking about raising the tax exemption on those benefits to $25,000 for a family.Doing this and other things would raise $90 billion over 10 years, Conrad said, leaving negotiators $230 billion to raise through other taxes. Overall this sounds like a good idea because everyone would be sort of chipping in but the problem is the real cost of this funding. Another problem is WHO is going to be paying for this?
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