U.S. Senate panel set to advance healthcare overhaul
Fri Oct 2, 2009 2:57am EDT
By Donna Smith
WASHINGTON (Reuters) – The U.S. Senate Finance Committee on Friday wrapped up debate on a massive overhaul of the U.S. healthcare system and prepared to vote on the legislation next week.
“We can be proud of what we’ve done here,” Committee Chairman Max Baucus said as the panel completed the amendment process and set a vote for next week. The panel is awaiting an official cost estimate on the roughly $900 billion measure before advancing the measure to the full Senate.
The bill calls for sweeping insurance market reforms and seeks to rein in soaring medical costs and expand coverage to millions of uninsured people.
U.S. President Barack Obama praised the panel’s work.