News Headlines Article

New health proposal is industry’s favorite so far
San Francisco Chronicle - Julie Hirschfeld Davis, Associated Press Writer

 The latest health overhaul plan circulating on Capitol Hill gives health insurers, drug makers and large employers reasons to heave sighs of relief, sparing them the higher costs and more burdensome rules included in other Democratic-written alternatives. Industry players that have already struck bargains with President Barack Obama’s administration and leading Democrats to help pay for revamping the health system saw most of those deals left intact — and in some cases sweetened — in the $856 billion proposal unveiled Wednesday by Sen. Max Baucus, D-Mont., the Finance Committee chairman.