According to media reports, House Democrats have reached a preliminary agreement that would enable work to proceed on the proposed healthcare reform. However, there is little optimism about the legislation on the Republican side.
In their quest to reform a dysfunctional healthcare system, Democrats and President Obama have faced criticism from both within their own party as well as from the GOP.
While the Republican opposition was expected, a number of fiscally conservative Democrats have also expressed fears over a reform that would not include explicit provisions for cost control and lead to an even greater budget deficit.
Yesterday’s compromise would reduce the federal health insurance subsidies for lower-income families, exempt additional businesses from a requirement to provide insurance and change the terms of a government insurance option, according to the Associated Press.
It would also cut costs by some 100 billion over the next 10 years, the source said, quoting Arkansas Rep Mike Ross, a leader of the conservative faction in the Democratic Party.
President Obama has expressed satisfaction with the House agreement, despite the fact that the earliest vote will now be able to take place in September.
"We did give them a deadline, and sort of we missed that deadline. But that’s OK," Obama said. "We don’t want to just do it quickly, we want to do it right."
However, House minority leader John Boehner of Ohio has been quoted as saying the bill will "get shredded" come the September vote.
At an lunch event sponsored by the Christian Science Monitor he said, "What was promised and what was delivered don’t add up and people are upset about it," quoted by PoliticsDaily.com.