Pelosi vows to have healthcare bill ready by summer

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Pelosi vows to have healthcare bill ready by summer Speaker of the House Nancy Pelosi has said she hopes healthcare reform legislation will be on the floor of the House before the August recess.

She made the announcement yesterday following the White House meeting on the issue with President Obama, Vice President Joe Biden, House Majority Leader Steny Hoyer as well as chairmen of the Ways and Means, Education and Labor, and the Energy and Commerce Committees.

"[We] are working together on quality, affordable, accessible healthcare for all Americans," Pelosi said, adding that the group’s goal was to make America healthier.

"Our legislation will be on the floor by the end of July and that is really cause for celebration for the American people," she stated.

House Democrats’ plans for the healthcare system overhaul include provisions to use federal funds to help families earning up to $88,000 pay for insurance and a requirement that everyone must carry coverage, according to the Associated Press.

It has been criticized by some as financially unsustainable and potentially inefficient in that it risks inserting the state into personal healthcare decisions that should best be left to doctors and patients.

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