Washington Sen. Max Baucus on Monday pushed a new health care plan including an industry fee to help pay for covering the uninsured as President Barack Obama said insurance companies must share accountability for the troubled system.
The Finance Committee is the last best hope for a bipartisan bill since four of five congressional committees have produced partisan proposals. Baucus, D-Mont., has said he would move forward on his own if there’s no agreement by Sept. 15.
Meanwhile, Obama said in a Labor Day speech in Cincinnati that a health insurance system should work as well for all Americans as it does for the insurance industry.
“They should be free to make a profit. But they also have to be fair. They also have to be accountable,” the president said. “That’s what we’re talking about — security and stability for folks who have health insurance, help for those who don’t, coverage they need at a price they can afford, finally bringing costs under control — that’s the reform that’s needed.”
Baucus, who is chairman of the Finance panel, is part of a six-member bipartisan group trying to craft a bill satisfactory to both parties, and the group is set to meet today as Congress returns from its August recess and the president prepares for his prime-time speech on Wednesday.
It’s unclear whether the fee, designed to create competition in the insurance market, would win support of two key Republicans in the group: Chuck Grassley of Iowa and Mike Enzi of Wyoming. The Baucus proposal reflected many of their priorities, chief among them the decision not to include a government-run plan to compete with private insurers.
Democratic sources close to the negotiations, who were not authorized to be quoted by name, disclosed the fee and other details of the Baucus proposal. The fee is only a piece of a Baucus plan that would establish a new way to purchase coverage for Americans who have trouble getting and keeping health insurance. Americans could keep their own doctors.
Under the Baucus, plan health insurance exchanges, with information on different plans and prices, would allow small groups and individuals to buy policies at lower rates. Medicaid would be expanded to cover more low-income people. Nonprofit cooperatives would be established as an alternative to for-profit insurance companies, giving consumers more choices.