In the Senate

Upon returning from the Thanksgiving recess, the Senate rolled up its sleeves and got right to work last week. The Senate officially started floor debate on its legislation to overhaul the nation's health care system. The legislative process can be confusing, so we wanted to fill you in on what's happened so far.

Early this week, Congressional Budget Office (CBO) came through with some encouraging news. The CBO analysis indicated, under the Senate bill, Americans would pay lower premiums. Employees of large businesses could see up to a three percent reduction in premiums compared to what they would pay if Congress does not act. Americans employed through small businesses would pay as much as 11 percent less in premiums, thanks to tax credits offered to small businesses to help employers provide affordable coverage. The bill also will provide tax credits to help individuals purchase insurance; these Americans would see their premiums cut by up to 59 percent.

Amendments

The Senate took its first vote on the floor on Thursday and agreed to an amendment that would allow women to receive preventive care and screenings without co-payments. The amendment, introduced by Senator Barbara Mikulski (D-MD), was approved in a 61-39 vote. The Senate unanimously approved an amendment introduced by Senator Michael Bennet (D-CO), which states that nothing in the Patient Protection and Affordability Act will result in a reduction of guaranteed Medicare benefits.

Timing

Majority Leader Reid continues to give the Senate a Christmas deadline to finish debate and vote on a final bill on the floor. The Senate still has a couple major hurdles to overcome. Once they reach a compromise, Senator Reid will file cloture to end debate and move to a final vote.

The Christmas deadline is only a few weeks away, so expect to see changes in the legislation every day. If all goes according to schedule, we might see the gift of health reform passing the Senate this year. 

Stay tuned for new developments.