“Like the plans put forth by former Senator John Edwards and Senator Barack Obama, her chief rivals for the Democratic presidential nomination, Mrs. Clinton’s proposal would try to strengthen and build on the existing, employer-based system, through which most Americans under 65 already receive their coverage. She would create new options for buying private or public insurance at affordable rates, require everyone to obtain insurance, and provide subsidies and tax credits to small businesses and individuals who could not afford it.

The plan, with an estimated cost of $110 billion a year, would be financed largely by rolling back President Bush’s tax cuts for Americans making over $250,000 a year and by savings in the health care system,” reports The New York Times.