SACRAMENTO - The sweeping health care package backed by Gov. Arnold Schwarzenegger and legislative leaders faces a do-or-die vote in a Senate committee today amid signs of fraying support among Democrats - and an explosive new report warning that the plan could be billions of dollars in the red within years. In a best-case scenario, the plan’s revenues would cover its costs in the first year, Legislative Analyst Elizabeth Hill wrote in her review released Tuesday evening. However, by the fifth year, she estimates the program’s annual costs would exceed revenues by $300 million. Read full article below.
