Responding to a reported increase in the number of uninsured Americans, Sens. Charles Grassley (R-Iowa) and Max Baucus (D-Mont.) have introduced legislation that would give tax credits for health insurance to people on unemployment. The tax credits, receivable in advance, would cover 65% of monthly premiums. The proposal, projected to cost $31.6 billion over 10 years, would help an estimated 1.4 million people per month in 2004 and 1.2 million people per month in 2005, according to its sponsors. The bill, introduced last Wednesday, is in the Senate Finance Committee. However, the committee may not take up the bill until next year because of the current Medicare debate, officials said. -- by Tony Fong
Grassley, Baucus introduce bill to help uninsured
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