Max Baucus has released his plan, with no cosponsors.

This is James Capretta’s take:

[It has] three key provisions: a requirement that individuals secure “qualified coverage” or pay a hefty tax to the federal government (the so-called “individual mandate”); a requirement on most employers to offer “qualified coverage” to their full-time workers; and a “firewall” which requires most working Americans to sign up with insurance offered on the job without any additional governmental assistance…

For low wage, full-time workers who are offered qualified coverage on the job, the hidden and implicit taxes of Obamacare are truly stunning. A worker with an annual income at 200 percent of the federal poverty line — $44,100 if the worker is married with two children — could be required to sign up with insurance costing $13,375 per year. The employee portion of the premium would be notionally capped at 13 percent of annual income, or $5,720. The employer would pay the other $7,655 — but the employer portion too would come out of the worker’s take-home pay (possibly after some period of adjustment)… The foregone tax liability on an average employer-sponsored plan is likely to be about $4000 (including payroll taxes). The other $9,000 plus in health insurance premiums — regardless of how it is split between worker and firm — would be shouldered by the worker himself.  At $44,100, a $9,000 health insurance premium amounts to 20 percent of income.