News Video
Find, view and share videos about news and entertainment from around the Web.
See Videos »

Obama Seeks $634 Billion for Health Care

By RICARDO ALONSO-ZALDIVAR and ANDREW TAYLOR
,
AP
posted: 349 DAYS 5 HOURS AGO
comments: 0
Text SizeAAA
WASHINGTON (Feb. 25) - President Barack Obama is asking Congress to raise taxes on the wealthy and cut Medicare costs to provide health care for the uninsured while making the just-enacted $400 tax cut for most workers permanent. In his first budget blueprint, Obama proposes setting aside $634 billion over the next decade to expand government subsidized health coverage — a little more than half the money needed to ensure that every American gets medical care.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
2009-02-25 18:14:57

Related Articles

  1. See More Related Articles and Blog Posts
Coming Soon:
New Commenting Experience

Valued AOL News readers, we have heard your feedback and are temporarily shutting off our commenting system as we work to improve the experience for you.

President Barack Obama\'s first budget will seek $634 billion over 10 years as a down payment on health care reform, a senior administration official said Wednesday. The official said Obama\'s proposal is meant to start a dialogue with Congress over how to provide coverage for an estimated 48 million uninsured while also slowing health care costs, which amount to $2.4 trillion a year and keep rising even as the economy is shrinking.