A healthcare expert says the healthcare bill drafted by Senate Finance Committee Chairman Max Baucus (D-Montana) creates new taxes and cuts to the Medicare program to reduce the cost to the federal government, but does nothing to reduce the cost of healthcare in the family budget.
The Wall Street Journal says the Baucus bill would break all 50 state budgets by permanently expanding Medicaid, the joint state-federal program for the poor. The bill would for the first time make Medicaid available to childless adults and also extend healthcare insurance subsidies to people up to 400 percent of the federal poverty level.
Under the senator's plan -- known as "America's Healthy Future Act" -- individuals who fail to pay the $1,900 fee for not buying health insurance could be charged with a misdemeanor and face up to a year in jail or a $25,000 fine.
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