Although legislative details will change with the health care reform proposals, we do know the estimated price: one trillion dollars.
House Democrats have pledged the pay as you go option so as not to add to the nation’s deficit.
So how do you foot the bill?
Democratic Congressmen may start with the wealthiest Americans, taxing slightly more than 1% of the country’s richest families to come up with $500 billion dollars.
“That’s far from being finalized and alot of adjusting is going to take place,” said Rep. Bob Etheridge, D-NC.
The other half of the tab to insure every American would come from cuts to Medicare and Medicaid.
Rep. Brad Miller, D-NC, said there’s plenty of documentation concerning fraud and abuse in the systems.
“There is $60 billion in (Medicare) fraud and $32 billion fraud in Medicaid. We’re going to increase the penalties for fraud and give the Department of Justice new authority to invest more money for investigations. When I say fraud, I mean, charging for something that didn’t happen.” said Miller.
More savings will come from simplifying what lawmakers describe as management inefficiencies.
“One in five Americans get Medicare through a privately administered form of Medicare, instead of Medicare itself, which costs 14% more,” said Miller. “Those Medicare contracts run by private health insurance companies should be bid out competitively to drive down the cost and that saves a lot of money.”
Some Republicans have expressed concerns that the quality of Medicare’s service will diminish under the proposed reforms.
Rep. Etheridge denied the claim and said, “Whatever we do at the end of the day doesn’t reduce care for people. We’re taking out waste, whatever fraud is out there and abuse. If it winds up in someone’s backpocket ,it doesn’t wind up helping seniors, said Etheridge.
Republicans like Senator Richard Burr , R-NC, say the price is too steep.
He is pushing his own reform plan he’ll discuss Tuesday morning at the Carolinas Medical Center along with former Republican presidential nominee John McCain and Senate Republican leader Mitch McConnell.
To hear from both sides check out our story in the monitor above.
