House panel unveils new health proposal
The Ways and Means Committee's blueprint aims to widen coverage while taxing cigarettes and capping corporate costs. It would require all employers to buy health insurance, shift premiums, and introduce Medicare Part C for small firms, with 80 percent of premiums covered by employers and remaining costs borne by individuals.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Sam Gibbons
D-Fla
France
Dan Rostenkowski
D-Iil
Gibbons
Congressional Budget Office
Mark
Pete Stark
D-Calif
Ways and Means Health
Edward M. Kennedy
Dmass
Senate Labor and Human Resources Committee
Stark
Clinton
Full Ways and Means
Rep
L.F. Payne
D-Va
American Cancer Society
Health reform proposal details and implications
The proposal would require most employers to buy insurance or self insure for large firms. It creates five health insurance markets, offers small business tax credits, sets deductibles, caps out of pocket costs, expands mental health coverage, and funds a new long term care program. It also includes measures to control drug costs and restore self employed tax deductions.
MENTIONED IN THIS ARTICLE
Clinton
Secretary of Health and Human Services
eReinstate
Earthquake and Volcano Struck Southwest Colombia
An earthquake in a poor rural area of southwest Colombia killed one person and injured 30. A nearby volcano erupted simultaneously, sending ice mud and rock into a river and raising flood risks. The quake was felt as far as Bogota 200 miles away. No major damage reported in the city.
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