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Funds News

US Waxman will let panel be bypassed on health care

WASHINGTON, July 24 (Reuters) - The chairman of the U.S. House Energy and Commerce Committee, Representative Henry Waxman, said on Friday he would let the full House by pass his committee on healthcare reform if the panel could not reach agreement on its version of the legislation.

Fiscally conservative Democrats on that committee have refused to go along with the proposal over its high cost of $1 trillion over 10 years and that has stalled the process of getting a bill to a vote in the full House before it begins a monthlong recess on July 31.

Waxman told reporters that he was going to meet the conservative Democrats on the panel shortly to discuss another proposal to try to meet their concerns. But if they do not agree, “we going to have to look at perhaps bypassing the committee,” he told reporters. This would allow a health care reform bill go to the House floor without a vote of his panel. (Reporting by Susan Cornwell, editing by Jackie Frank)

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