Breakdown of Baucus' health care overhaul billPosted: Updated:
The following is a breakdown of where the money goes, and where the money comes from, in Senate Finance Committee Chairman Max Baucus' health care overhaul bill.
The numbers are 10-year totals covering 2010-2019. Baucus pegs the overall cost of his plan at $856 billion over a decade; the Congressional Budget Office puts it at $774 billion.
_ Expanding Medicaid and the Children's Health Insurance Program: $287 billion.
_ Subsidies to help low-income people buy insurance: $463 billion.
_ Tax credits to help small employers insure their workers: $24 billion.
_ Averting payment cuts to doctors under Medicare for one year: $10.9 billion.
_ Paying more for prescription drugs for seniors under Medicare: $17.4 billion.
_ Assorted other costs, including wellness promotion programs in Medicare; a child obesity demonstration project and innovation center within Medicare and bonus payments to encourage more primary care doctors: around $54 billion.
How to pay for it:
_ Excise tax of 35 percent on insurance plans worth more than $8,000 a year per person, or $21,000 a year per family: $215 billion.
_ Limit to $2,000 a year the amount people can contribute to flexible spending accounts: $16.5 billion.
_ Fee on drug makers: $17.2 billion.
_ Fee on health insurers: $40.5 billion.
_ Fee on medical device manufacturers: $30 billion.
_ Fee on clinical laboratories: $5.6 billion.
_ Penalties paid by uninsured individuals: $20 billion.
_ Penalties paid by employers for employees who enroll in government-subsidized care: $27 billion.
_ Other new revenue: $39.8 billion.
_ Cuts to Medicare, Medicaid and other government health programs: About $500 billion (largest cut is about $125 billion to private Medicare Advantage managed care plans that serve around 25 percent of Medicare beneficiaries).
Sources: Associated Press, Congressional Budget Office, Senate Finance Committee, Joint Committee on Taxation.