Just days before a bipartisan White House summit on health care, President Obama unveiled a proposal that closely tracks the Senate-passed health legislation with some modifications. For example, the size of a high-cost “Cadillac” health insurance plan subject to an excise tax would be raised and the tax would not be levied on any health insurance plan until 2018. Subsidies would be increased for some low-and-middle-income individuals to help them purchase coverage, and states would receive more financial assistance from the federal government to help pay for a Medicaid expansion.
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