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September 16, 2009 [Washington, DC] -- Senator Max Baucus, Chairman of the Senate Finance Committee, released another version of healthcare reform today - a $856 billion package that will be offset by $350 billion in new excise taxes and fees, and $507 billion in cuts in government health services.
Weeks of bipartisan negotiations among key Finance committee members (called the Gang of Six) were expected to yield a more moderate version of healthcare reform than any of the proposals unveiled to date and bridge the gap between Democrats and Republicans.
However, today's product failed to gain enthusiastic support from either party, with some Democrats citing the lack of a government sponsored insurance plan, and Republicans the new taxes and fees.
Among the provisions in the draft released today, the Senate Finance Committee plan would:
To cover the cost, estimated to be $856 billion over the next 10 years, the plan calls for:
This listing is not complete and all provisions of the draft are open to amendment when the Senate Finance Committee starts working on the bill next week.
Lung Cancer Alliance will continue to provide updates as they become available during this process
The complete 223 page summary of the Senate Finance Committee draft can be viewed here.