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US Speaker of the House Nancy Pelosi holds a press conference, sending the House health care reform bill to the House floor for debate on October 29, 2009 on Capitol Hill in Washington, DC.

House of Representatives Speaker Nancy Pelosi unveiled the chamber's health care reform bill this morning. The proposed legislation expands Medicaid, creates a government-run health insurance plan for middle-income Americans, and imposes an income surtax on individuals making more than $500,000 annually. The bills authors say the $894 billion package will extend insurance to 36 million people, and the CBO estimates diminished future deficit to the tune of $30 billion over the next 10 years. Stats aside, will the plan work? Did the Congress go too far, or not far enough? Larry Mantle talks with legislators and health policy experts.

Guests:

Congressman John Shadegg (AZ- 3)

Congressman Xavier Becerra (CA-31)

Jerry Flanagan, Health Care Policy Director, Consumer Watchdog

Michael Cannon, Cato Institute