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In his State of the Union address delivered on January 23, President George W. Bush proposed limiting the tax deductibility of employer-sponsored health care benefits, while providing a new tax break for Americans who purchase medical insurance on the individual market. The president also proposed channeling federal funds to states to assist them in offering basic private health insurance to the poor and sick. Loss Of Financial Safety Net Worries Workers Financial stress is increasing among Americans as responsibility for funding retirement and health care shifts from employers and the government to individual workers and their families, according to a study commissioned by MetLife. The study's findings are in line with observations about social and economic trends made during recent Congressional hearings examining the impact of growing income inequality and financial insecurity on middle class families. Governor Announces $12 Billion Plan To Provide Universal Health Care To Californians Gov. Arnold Schwarzenegger of California has unveiled an ambitious plan to provide health insurance to all 36 million residents of the state, including 6.5 million people who are currently uninsured. But the governor's plan has sparked controversy among California legislators and policymakers, with several leaders in the state legislature backing competing health care reform proposals that would provide more limited coverage at a lower cost. |
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