House Democrats released the long-awaited healthcare bill today. In its 1018 pages, it describes its 10-year, $1 trillion venture that includes the highly controversial government insurance plan. As Democrats have publicized, this bill will greatly expand healthcare insurance coverage to Americans without insurance and, at the same time, slow the increasing cost of healthcare while providing improved medical outcomes.
Among other things, the bill calls for increased income tax on the highest income tax bracket. It is with this increased taxes that has rendered some fiscally conservative Democrats hesitant to approve the bill, and one of the many reasons nearly all Republicans oppose it. Democrats hope to have the legislation approved prior to the August recess.
For more information, please call Abby Pendleton, Esq., Robert Iwrey, Esq., Adrienne Dresevic, Esq., Carey F. Kalmowitz, Esq. or Jessica L. Gustafson, Esq. at (248) 996-8510 or visit The HLP website.