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Dates: during 2000-2009
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...most liberal and far-reaching version, passed by two House committees, would tie the rates the public plan pays health-care providers to what Medicare reimburses. Given that Medicare reimbursement rates can be 30% lower than those paid by private insurers, such a system could be a powerful one at holding down costs and could save the Federal Government $110 billion over 10 years, according to the most recent estimates by the Congressional Budget Office (CBO). (The Federal Government's costs here would primarily be the subsidies it gives low- and middle-income people to help pay their premiums...

Author: /time Magazine | Title: The Strange Career of the Public Option | 11/9/2009 | See Source »

What she can probably pass is a different version, approved by the House Energy and Commerce Committee, that would establish a public option that operates more like a traditional insurance company, with the Health and Human Services Secretary negotiating with health-care providers to determine how much it would reimburse them. That wouldn't raise as many objections from health-care providers and insurers, but it wouldn't save all that much money either. The CBO estimates it would trim federal spending by about $25 billion over 10 years...

Author: /time Magazine | Title: The Strange Career of the Public Option | 11/9/2009 | See Source »

...earlier version of the Nov. 9 news article "UHS To Provide H1N1 Vaccines" incorrectly stated the name of a student. The individual's name is Shwinn Ricci, not Ashwin Ricci...

Author: By Tara W. Merrigan, CONTRIBUTING WRITER | Title: UHS To Provide H1N1 Vaccines | 11/9/2009 | See Source »

...That doesn't mean the process is any less messy. There are three versions of financial reform in play. The Administration unveiled its plan in mid-June. Barney Frank, chairman of the House Financial Services Committee, will bring his recently unveiled version to markup in committee as early as this week. Frank and the Administration, represented by Treasury Secretary Timothy Geithner, spent weeks in negotiation, and Frank's bill closely tracks the Administration proposal...

Author: /time Magazine | Title: Financial Regulation: Way Easier Than Health Care | 11/9/2009 | See Source »

...Chris Dodd, chairman of the Senate Banking Committee, will unveil the third version of financial reform as early as Tuesday. Dodd, who faces a tough re-election battle in Connecticut in 2010, told his staff that the proposal put forward by the Administration didn't take into account the possibilities opened up by the enormous financial crisis of the past year. For political or policy reasons - or both - his bill is more aggressive on federal-oversight authority on a number of potentially controversial issues. "We should push for the biggest changes we can get," says Dodd spokeswoman Kirstin Brost...

Author: /time Magazine | Title: Financial Regulation: Way Easier Than Health Care | 11/9/2009 | See Source »

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