Obama administration releases health care plan

On Monday U.S. President Barack Obama puts forward $1 trillion US health care plan in an attempt to save the bill that has been stuck in Congress since the Democratic Party lost the absolute majority in the Senate.

"President has now put forth a proposal that incorporates the work the House and the Senate have done and adds additional ideas from Republican members of Congress," said the proposal posted on the White House official website.

"The proposal will make health care more affordable, make health insurers more accountable, expand health coverage to all Americans, and make the health system sustainable, stabilizing family budgets, the federal budget and the economy," it said.

The proposal was made public days before a bipartisan meeting on the health care reform, which will be broadcast live across the nation.

President Obama hopes that Republicans can also make public their version of health reform proposal prior to the meeting to allow American public to be thoroughly informed of the issue, said a White House official earlier on Monday at a teleconference.

The proposal, which White House officials expected to cost 75 billion U.S. dollars, features five accomplishments that aim at putting American families and small business owners in control their own health care.

It will make insurance more affordable with one of the largest middle class tax cut for the health care in history and cover 31 million Americans who are currently uninsured.

The proposal will also set up a new competitive health insurance market that can offer Americans more options, though it does not include the public option that Obama's initial proposal had.

It can lead to the reduction of the deficit by 100 million dollars in the first decade and about 1 trillion dollars over the second.

The House of Representatives and the Senate has separately passed their own version of the health care reform bill but the unified version was stalled in Congress after Scott Brown, a Republican, won the special election for a Senate seat in Massachusetts, ending Democratic Party's supermajority status in the floor.

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