Posted by cloe on July 2, 2009 at 02:20 PM

"We must not settle for legislation that merely gestures at reform. We must deliver on the promise of true change." – Chairman Ted Kennedy and Senator Chris Dodd

President Obama and our Democratic leaders in Congress have been working to pass health care reform legislation before the end of the year. Today the Senate Committee on Health, Education, Labor and Pensions (HELP) took an important step towards that goal when it released its latest version of health care reform legislation. The bill follows President Obama’s principles for reform by lowering costs, protecting patient choice and expanding access to quality, affordable care, and includes a strong public option and a shared employee responsibility provision. According to analysis by the non-partisan Congressional Budget Office, the plan will cost significantly less than previously estimated and covers 97 percent of Americans. Here’s the AP story and a link to the text of the bill.

Chairman Ted Kennedy (MA) and Senator Chris Dodd (CT) sent a letter to their colleagues on the HELP committee late yesterday announcing the new CBO estimate, which scored the plan at $611.4 billion over 10 years, with the new coverage provisions scored at $597 billion – a significant reduction from earlier estimates (Ezra Klein of the Washington Post did a good round up of the CBO estimates). Here’s an excerpt from their letter: