De Blasio said the plan,which would be financed out of the city's public health budget,would ultimately be cost effective by reducing hospital emergencyroom visits by uninsured patients and by improving public health.(Photo: Shutterstock)

(Bloomberg) –New York Mayor Bill de Blasio proposed a $100million plan that he said would provide affordable “healthcare for all,” reaching about600,000 people, including undocumented immigrants, low-incomeresidents not enrolled in Medicaid and young workers whose current plansare too expensive.

The plan, which de Blasio dubbed “NYC Care,” will offer publichealth insurance on a sliding price scale based onincome, the mayor said during an interview Monday morning onMSNBC.

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