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HAGAN COMMENTS ON THE FINANCE COMMITTEE’S HEALTH CARE BILL

Wednesday, September 16, 2009

WASHINGTON, D.C. - U.S. Senator Kay R. Hagan (D-NC) today issued the following statement on the Senate Finance Committee's health care bill, which was released by Chairman Max Baucus (D-MT). Senator Hagan said:

"Last week, I joined a group of other moderate Democrats who discussed with the President the importance of ensuring the health care reform package is fiscally responsible. I am pleased the Finance Committee produced a bill that does not increase our deficit. The Congressional Budget Office estimates the bill will reduce our federal deficit by $49 billion over the next ten years. I also commend Chairman Max Baucus for working hard with our colleagues across the aisle to include Republican input in the bill.

"I am very supportive of the insurance market reforms in the Finance bill, which are similar to those that we passed in the Health, Education, Labor and Pensions Committee. It prevents insurance companies from turning you away due to a preexisting condition, removes annual and lifetime caps on coverage, and removes co-pays for preventative services.

"The Finance Committee bill also includes a CO-OP model, one backstop option for providing insurance to those without employer-sponsored care. I would like to see a backstop option included in the final bill.

"While there are many details that still need to be worked out, we ultimately need health insurance reform that ensures people who like their insurance and doctors keep them, expands access to health insurance for those without it, and slows down the skyrocketing cost of health care. I am committed to working with my Senate colleagues to ensure these critical components are included in the final bill."

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