President Makes His Pitch
President Barack Obama gave an emotional, sometimes contentious address to Congress on Wednesday, combining tough talk to opponents with olive branches on policy in a bid to break the impasse on revamping the health-care system.
Calling the initiative "my plan," Mr. Obama set the size of a health-insurance plan at $900 billion over 10 years, a figure smaller than versions approved in the House and fully paid for, he said, by spending cuts and tax increases. Most individuals would be required to purchase health insurance, but the costs would be mitigated by generous tax credits. Large employers would also face a requirement to offer health coverage to employees or pay a fine, while most small businesses would be exempt.