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Senate Finance Committee to Vote October 13 on Health Care Bill

Posted on: Friday, October 9, 2009

The Senate Finance Committee will be voting October 13 on its overhaul to the health care bill. The newest incarnation of the bill has a price tag of $893 billion. The bill was drafted by the Commitee Chairman, Max Baucaus (D- Montana). It is expected to pass, but not without some “nay” votes from some Democrats, who object to it based on differences over how to expand coverage.

The bill has been changed substantively since its inception, with a provision included to exempt all Americans over 65 among others. The bill will basically require all Americans to have some form of health insurance, similar to the current requirement to have car insurance. The main concern of the opposition is that younger taxpayers have to shell out an abundance of new taxes in order to pay for the plan.

The package introduced by the bill will expand coverage to over 94% of Americans. All Republicans are expected to vote against it except perhaps Rep. Olympia Snowe of Maine. The final committee vote will bring the bill out of committee and onto the senate floor within two weeks of a pass in committee.

For more see the Washington Post.

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