The Trail: A Daily Diary of Campaign 2008

Archives

Health Care

White House Seeks Additional Funds to Expand Coverage

By Lori Montgomery
Even as President Obama was extracting a pledge for health industry lobbyists to voluntarily rein in medical costs, the administration was struggling to come up with cash to pay for an expansion of coverage to millions more Americans. An initial proposal to raise $634 billion over the next 10 years fell short of that goal upon re-examination, so the White House has a new proposal that tacks on nearly $60 billion more in tax changes.

The new plan includes a variety measures aimed at closing loopholes in the tax code and improving compliance with existing tax laws. The biggest changes would affect how assets are valued for the purposes of the estate tax.

Experts estimate it will cost between $1 trillion and $1.5 trillion over the next decade to expand health insurance to 46 million people who do not have coverage today. That's why the administration always referred to its budget offerings as a "downpayment" on comprehensive reform.

Continue reading at Daily Dose»

Posted at 12:06 PM ET on May 12, 2009  | Category:  Health Care
Share This: Technorati talk bubble Technorati | Tag in Del.icio.us | Digg This
Previous: What Crist Means | Next: Obama Wants Healthier Workers


Add 44 to Your Site
Be the first to know when there's a new installment of The Trail. This widget is easy to add to your Web site, and it will update every time there's a new entry on The Trail.
Get This Widget >>


Comments

Please email us to report offensive comments.



The comments to this entry are closed.

 
 

© 2009 The Washington Post Company