Democrats say no rationing, but half the costs of their medical changes come from further reductions in payments to medical providers
The House bill, expected to be formally unveiled as soon as Monday, is likely to cost $1 trillion overall. About half the cost of the bill will come from budget savings from ratcheting down payments that health-care providers receive through programs like Medicare, which covers the elderly. The balance will come from revenues generated by a graduated surtax that would begin in 2011, said New York Rep. Charles Rangel, chairman of the tax-writing House Ways and Means Committee. . . . .
Labels: governmentcontrol, healthcare, ObamaAdministration, Regulation
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