Today President Obama released his proposal for reforming America's health care system. Available on the White House website, the proposal is based on the two bills introduced last year, but resembles the current Senate health bill more than the current House health bill. An attempt to bridge the divide between the two bills and frame Thursday's upcoming summit, the President's plan is estimated to cost $950 billion over ten years, although a formal CBO analysis has yet to be released. Most notably, building on the recent debate on Anthem Blue Cross's (CA) estimated 39% rate hike in the individual market, the proposal also calls for the establishment of a federal board granted with power to review and potentially block unreasonable premium rate increases.
To read more from the New York Times, click here.
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