Presidential candidate and Sen. Barack Obama (D-Ill.) on Tuesday in Iowa City, Iowa, announced a proposal that would expand health insurance to almost all U.S. residents and reduce premium costs, the New York Times reports (Toner/Healy, New York Times, 5/30).
The proposal would require health insurance for children but not adults (McCormick/Dorning, Chicago Tribune, 5/30). Under the proposal, employers would have to offer health insurance or pay a percentage of their payrolls into a federal fund to provide coverage. The proposal would exempt the smallest employers from the requirement. The proposal would establish a public health plan for residents who cannot obtain health insurance through their employers or current public programs such as Medicaid and SCHIP (New York Times, 5/30). The proposal would expand Medicaid and SCHIP to cover more low-income residents (Young, The Hill, 5/30).
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Owner's Comments: My biggest question would be how do we pay for this Health Care Proposal of Mr Obama's? I suspect it involves "Raising the Tax's on the Rich".
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