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New York, NY – House Democrats presented a draft of a broad-based overhaul of the U.S. health-care system that includes a mandate that employers insure their employees or pay a penalty equal to 8% of their payroll.

The plan, which also includes a government-run insurance program that would compete against private insurers, would cover at least 95% of Americans, says Representative Henry Waxman of California, chairman of the House Energy and Commerce Committee. About 46 million Americans lack health insurance coverage.

Three committees with jurisdiction over a health-care overhaul are scheduled to hold hearings on the measure, and a bill will be presented to the full House in July, says Representative George Miller of California, chairman of the House Education and Labor Committee. He called the proposal a “discussion draft” subject to change.

Read the full story at bloomberg.com.

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