Pelosi unveiled the house democrat's new $894 billion health care billby Haifa Jedea
Syracuse, NY- Speaker of the House, Nancy Pelosi of California, unveiled a $894 billion health care package that would provide insurance to up to 36 million uncovered Americans.
The new plans guarantees coverage to 96 percent of Americans by subsidizing insurance for poorer Americans and creating health insurance exchanges that will allow small groups and individuals to purchase coverage.
The 2,000 page plan would cut the federal deficit by roughly $30 billion over the next decade. The measure would be financed through a combination of a tax surcharge on wealthy American and spending constraints in Medicare and Medicaid. Individuals with incomes over $500,000 and families earning more than $1 million would face a 5.4 percent income tax surcharge.
Watch a clip of Nancy Pelosi's Speech here
