Pelosi hopes new health plan is poised to pass

WASHINGTON — The retooled health care overhaul plan that House Speaker Nancy Pelosi is set to unveil Thursday would extend coverage to millions and lets the government sell insurance in competition with private insurers — although not the way liberals want.

[...] Pelosi, D-Calif., wants to have the legislation on the floor next week, with a final vote before Veterans Day, Nov. 11, that would give Obama a bill to sign by year's end, numerous Democratic officials said. She planned a formal announcement of the bill Thursday in front of the Capitol.

The bill would require nearly everyone by 2013 to sign up for health coverage either through their employer, a government program or a new kind of purchasing pool called an exchange. Tax credits would be available for most of those buying coverage through the exchange. They would have the option of picking a new government plan or private insurance.

SOURCE: Associated Press