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Finding Health Insurance and Health Care Reform Savings

Posted Oct 09 2009 10:02pm

According to the article “How Health Care Bill Would Net $81B” from CBS News’s website, the Finance Committee will vote on the health care reform plan next week.  The non-partisan Congressional Budget Office says the plan meets President Obama’s requirement that it will not increase the nation’s budget deficit. 

The article states that the $829 billion cost for the Finance Committee’s bill would be offset by fees on drug companies, taxes on top health insurance companies and cutbacks to Medicare.  They estimate to have a net savings of $81 billion over ten years for the government.  This may affect the way Americans go about finding health insurance and how they pay for it. 

The proposed bill would allow 29 million Americans to purchase health insurance who are not currently covered.  Families making under $88,000 could get a subsidy of $5500 for a family of four.  Wealthier citizens would be required to purchase individual health insurance or pay a penalty. 

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