Im surprised it has not been diared yet...
The most important facts are...
1)No co-op, no public option(it will be taken care of during reconciliation)
2)850-900 billion total cost with a tax on the healthcare companies "Cadillac Policies"
.....by the way, the article does not mention anything about individual mandates, I wonder if those were excluded?....hopefully so but considering the final cost of 900 billion probably not
more detalied versions below
The committee was expected to propose creating a system of privately run, regional, health care co-operatives in lieu of a public option, but Baucus has eschewed even that compromise. According to the New York Times, Baucus' plan is calculated to win the support of Sen. Olympia Snowe (R-ME). But Snowe supports a public option affixed to a so-called "trigger mechanism," raising questions about why this plan doesn't at least propose something along those lines.
One potential answer is that this legislation--if it passes the Finance Committee--will have to be reconciled with Senate HELP committee legislation, which does include a public option. And it can be argued, perhaps, that the half way point between a public option and no public option is a triggered public option.
also.........
Another section of Mr. Baucus’s proposal would help pay insurance premiums, co-payments and deductibles for people with incomes less than 300 percent of the poverty level ($66,150 for a family of four). It would also provide some protection for people with incomes from 300 percent to 400 percent of the poverty level (up to $88,200 for a family of four), so they would generally not have to pay more than 13 percent of their income in premiums.
Mr. Baucus’s proposal does not include a "trigger mechanism" of the type recommended by Ms. Snowe, who would offer a public insurance plan in any state where fewer than 95 percent of the people had access to affordable coverage.
heres the link http://www.nytimes.com/...