a `` dysfunctional '' health care system that is draining the U.S. economy while leaving 46 million Americans without health insurance . `` We are going to accomplish what many people felt would n't happen in our lifetime , '' he said . But House Republicans slammed the Democrats ' bill and pledged to try to amend it as three House committees begin considering the legislation later this week . Rep. Roy Blunt , R-Missouri , said the bill `` without any question will kill jobs , will limit access to health care , will raise taxes and will lead to a government takeover of health care . '' Blunt said he will offer an amendment requiring all elected federal officials , including Obama and Vice President Joe Biden , to enroll in the new public insurance option . Republicans and some fiscally conservative Democrats also question the cost of health care reform . An earlier draft of the House Democrats ' bill carried a price tag of $ 1 trillion over 10 years . The Congressional Budget Office said the revised house bill also would cost $ 1 trillion . However , a senior Democratic House committee staffer said
WASHINGTON -LRB- CNN -RRB- -- House Democrats unveiled their revised version of health care reform Tuesday , offering a proposal that includes a government-funded health insurance option , requires both individuals and employers to participate , and taxes the wealthy to help cover costs . President Obama has urged Congress to work quickly on creating a health care reform bill . Democratic House leaders said the measure , titled `` America 's Affordable Health Choices Act , '' met the requirements set by President Obama for health care reform by lowering costs to consumers and businesses , letting people keep their current plan if desired , and preventing denial of coverage due to pre-existing medical conditions . `` The House proposal will begin the process of fixing what 's broken about our health care system , reducing costs for all , building on what works , and covering an estimated 97 percent of all Americans , '' Obama said in a written statement . `` And by emphasizing prevention and wellness , it will also help improve the quality of health care for every American . '' Rep. Henry Waxman , D-California , said the bill is intended to repair