Health Care Reform Legislation Moving Through Committees
Thank you, madam speaker. I'm glad to report that two of our committees have already reported out the health care reform bill. CBO indicated that 97% of the nonelderly, in other words, those who are not on Medicare now, would be covered by the health reform plan that our committees are now considering. Small businesses would benefit greatly. There's a 50% tax credit for premiums that are paid by employers of small businesses. So this legislation has the opportunity to allow small businesses to benefit significantly, to cover their employees, to cover 97% of Americans who are not covered currently by Medicare. And it is moving. We expect it will be out of committee by next week and on the house floor by the end of this month. and finally, Americans will know that their guaranteed health coverage, reduces costs and 97% of those who do not have coverage now or 97% of Americans not in Medicare will achieve health care coverage. Very happy about the fact that we're proceeding with this along the promise of President Obama.
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