CNN
Senate Finance Committee Chairman Max Baucus, D-Montana, unveiled a summary of his proposed health care plan Monday. The main points include:
Cost:
* $856 billion over 10 years and mandatory insurance coverage for every American by 2013.
* Baucus claims the bill would not add to the federal deficit.
* The plan is financed by more than $500 billion in various spending reductions, including Medicare, while calling for almost $350 billion in new taxes and fees.
* Insurers would be hit with $6 billion in new fees, with another $4 billion coming from the medical device manufacturing sector.
* Smaller sums would come from drug makers and clinical laboratories.
Changes to Medicaid/Medicare/CHIP:
* Medicaid eligibility would be standardized for everyone who has an income of up to 133 percent of the federal poverty level.
