Fresh off a new Congressional Budget Office scoring of their health care reform bill that drops the price tag from $1 trillion to just over $600 billion, Senate Health, Education, Labor and Pensions Committee members have returned to marking up the Affordable Health Choices Act with renewed enthusiasm -- at least from committee Democrats.
We are pleased to report that the CBO has scored it at $611.4 billion over 10 years, with the new coverage provisions scored at $597 billion -- a significant reduction from earlier estimates, said Sens. Edward Kennedy (D-Mass.) and Chris Dodd (D-Conn.) in a joint letter to committee members.
The new score comes with the addition of provisions for a strong, national public option and an employer mandate requiring employers to pay 60% of employees insurance costs or contribute $750 a year per full-time employee.
However, your broker may be less than enthused. Click here to read more about why on Employee Benefit Advisers blog, Benefits Explained.
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