The health insurance industry proposed a $300 billion plan to expand healthcare coverage to all children in the U.S. within three years and 95% of adults within 10 years. The proposal by Americas Health Insurance Plans includes expanding Medicaid eligibility to all uninsured adults with incomes below the federal poverty level; offering a tax credit of up to $500 for low-income families who secure health insurance for their children; and providing $50 billion in federal grants to help states expand coverage. In addition, all consumers should be able to buy any type of healthcare coverage and pay for qualified medical expenses with pretax dollars through a new universal health account, AHIP said. And the federal government should match working families contributions to such health accounts, AHIP said. The group estimated that full implementation of its plan would cost the federal government about $300 billion over 10 years. Read more about the plan on ahipbelieves.com. -- by Jennifer Lubell
Insurers offer health reform plan
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