Yesterday Max Baucus released details of his healthcare bill. The summary alone was 223 pages. I'll bet that Jamie Dupree got very little sleep last night, combing through the sucker. But to give you a quick overview, here's how the Congressional Budget Office summaries the bill:
Among other things, the Chairman's proposal would establish a mandate for most legal residents of the United States to obtain health insurance; set up insurance "exchanges" through which certain individuals and families could receive federal subsidies to substantially reduce the cost of purchasing that coverage; significantly expand eligibility for Medicaid; substantially reduce the growth of Medicare's payment rates for most services (relative to the growth rates projected under current law); impose an excise tax on insurance plans with relatively high premiums; and make various other changes to the Medicaid and Medicare programs and the federal tax code.
The Wall Street Journal has some more details on this $856 billion healthcare boondoggle.