Today, U.S. House Speaker Nancy Pelosi unveiled a comprehensive reform bill that would guarantee coverage for 96 percent of the U.S. public.
Among other things, the bill, H.R. 3962, includes a public option, expands Medicaid coverage to families who earn up to 150 percent of the federal poverty level, provides help for middle-class families to get coverage and sets tough new rules for insurers, making sure that no one can be denied care or be rejected from coverage because of pre-existing conditions. It’s fairly funded through a combination of employer responsibility, cost savings and a surtax on the extremely wealthy—and does not get its funding from taxes on middle-class workers’ benefits. All that, and it will reduce the deficit in the long term. continue reading
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