Senate Health Proposal Includes Insurer Tax, Co-ops; Excludes Public Option

Senate Finance Committee Chairman Max Baucus has circulated a healthcare reform proposal he hopes will win support from both Democrats and Republicans.

The proposal is based on weeks of intense negotiations by a bipartisan group of six Finance Committee members led by Baucus, a Democrat.

Here are details of the proposal based on a document circulated to health industry lobbyists as President Barack Obama prepares to make a major speech on healthcare to Congress on Wednesday.

INSURANCE MARKET REFORMS

HEALTH COOPERATIVES

MANDATES AND AFFORDABILITY MEASURES

REVENUE-RAISING FEES AND TAXES

(Reporting by Donna Smith in Washington; Editing by Eric Beech)