Obama health plan would cover 31 million uninsured

WASHINGTON (BestGrowthStock) – The White House unveiled President Barack Obama’s plan to overhaul the health insurance system on Monday that it said would provide coverage for 31 million uninsured Americans and set up federal monitoring of private insurers’ rate increases.

The plan would cost $950 billion, but would also cut costs enough that it would not only be paid for, but would reduce the budget deficit by $100 billion over the next 10 years and $1 trillion over the second decade, White House officials told reporters in a conference call.

They stopped short of saying the White House would support pushing the plan through the Senate without Republicans if the Republicans to try to prevent it from coming to a vote.

But Dan Pfeiffer, the White House communications director, said the plan was designed to survive any such procedural moves. “The president wants and believes that … people deserve an up-or-down vote on health reform and this package is designed to provide the flexibility to achieve that if the Republican Party decides to filibuster,” he said.

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(Reporting by Patricia Zengerle; Editing by Eric Beech)

Obama health plan would cover 31 million uninsured