Senate Finance Committee Chairman Max Baucus (D-Mont.) pushed back a timeline to fully negotiate legislation that would overhaul the U.S. healthcare system, giving lawmakers more time to find ways to lower costs and smooth over thorny issues about a public health plan, eligibility and financing.
The process, known as a mark up, is integral to the development of legislation and allows lawmakers to debate and shape provisions that appear in a final bill. It was previously slated to begin next week but instead could slip until early to mid-July, putting more pressure on a White House-imposed October deadline to turn legislation into law. We will have a mark when were ready, Baucus said, using a legislative term to describe a committees bill. Its too early at this point to know when well be ready.