OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

New Health Care Plan Beneficial For Small Businesses

Date: July 17, 2009
Location: Washington, DC
Issues: Health and Health Care

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Mr. PALLONE. Madam Speaker, I am glad to report that two of our committees have already reported out the health care reform bill. CBO indicated that 97 percent of the non-elderly, in other words, those who are not on Medicare now, would be covered by the health reform plan that our committees are now considering. Small businesses would benefit greatly. There is a 50 percent tax credit for premiums that are paid by employers of small businesses.

So this legislation has the opportunity to allow small businesses to benefit significantly, to cover their employees, to cover 97 percent of Americans who are not covered currently by Medicare. And it is moving. We expect it will be out of committee by next week and on the House floor by the end of this month. And, finally, Americans will know that their guaranteed health coverage, reduced costs, and 97 percent of Americans not in Medicare will achieve health care coverage.

I am very happy about the fact that we're proceeding with this along the promise of President Obama.

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