The Senate Finance Committee voted 14-9, with one republican vote from Sen. Olympia Snowe (R-Maine), to approve the committee's healthcare reform bill, according to a report by AHANews.
The bill would expand healthcare coverage to 91 percent of U.S. residents and is expected to cost $829 billion over 10 years, according to the report. The bill includes the creation of non-profit healthcare insurance co-ops that would compete with private plans and negotiate payment rates with providers.
The American Hospital Association expressed concern about the level of healthcare coverage in the bill. The hospital industry agreed to a $155 billion cut in government reimbursements for services over the next 10 years in return for a bill that would expand health insurance to 94-95 percent of all Americans. The Senate Finance Committee bill does not meet this level of agreed-upon coverage.
The bill will now move to the Senate floor.
Read the AHANews' report on the Senate Finance Committee health bill.
The bill would expand healthcare coverage to 91 percent of U.S. residents and is expected to cost $829 billion over 10 years, according to the report. The bill includes the creation of non-profit healthcare insurance co-ops that would compete with private plans and negotiate payment rates with providers.
The American Hospital Association expressed concern about the level of healthcare coverage in the bill. The hospital industry agreed to a $155 billion cut in government reimbursements for services over the next 10 years in return for a bill that would expand health insurance to 94-95 percent of all Americans. The Senate Finance Committee bill does not meet this level of agreed-upon coverage.
The bill will now move to the Senate floor.
Read the AHANews' report on the Senate Finance Committee health bill.