WASHINGTON, D.C. — In Washington Thursday, democrats rolled out a brand new plan for health reform, with a toned-down version of the government insurance option.

But republicans argue the plan includes too many taxes that’ll either be levied on or passed on to the poor and middle class.

Democrats made a big show of announcing their new plan but republicans said there’s really nothing “new” about it.

Democrats say their $894 billion reforms will give 94 percent of Americans health insurance.

The plan’s public insurance option lets doctors negotiate payments – instead of accepting Medicare rates.

“This bill is fiscally sound, and will not add one dime to the deficit,” said Speaker of the House Nancy Pelosi.

President Obama says it’ll help employers offer coverage.

“It will make coverage affordable for all the small businesses that can’t afford it right now,” the president said.

The insurance industry claims any government-run insurance will “bankrupt hospitals, dismantle employer coverage, exacerbate cost-shifting from Medicare and Medicaid, and ultimately increase the federal deficit.

Republicans call the 2,000 page bill a “freight train” of taxes and bureaucracy.

And they’re no happier with the senate version.

“Higher premiums, higher taxes, cuts to Medicare. This is not the reform that America bargained for,” said republican senator Mitch McConnell of Kentucky.

Senate leaders plan to include a public option, but states can take it or leave it.

“I would hesitate to support any plan where you’re requiring people to have a health plan and you can’t guarantee them affordability,” said Maine republican Olympia Snowe.

And with America’s sickest patients on government insurance even some democrats don’t think it’ll be attractive.

“It could be something that looks like a health care ghetto,” said Senator Ron Wyden of Oregon.

House democrats expect to bring their plan up for debate late next week, and think they have the vote for it to pass.