* Like the House bill, the Senate bill requires Americans to buy health insurance
* There is not a specific "employer mandate" in the bill requiring businesses to buy insurance for their workers, but businesses could be hit with a penalty for providing limited health benefits
* Subsidies would be made available to families and individuals to help with the cost of insurance. Aid would be provided to families making up to $88,000/year and individuals making up to $44,000/year (400% of the poverty level).
* The Senate bill has penalties for those who do not buy insurance, with a phased in cost of $750 per person up to 2% of a person's income.
* The Senate does not have a public insurance option, but it would allow for national plans that would be managed by the agency that runs the government's health care plan for federal workers.
* Like the House bill, this measure would not allow insurance companies to deny coverage because of pre-existing medical conditions
* Limits on the amount of benefits would also be banned
As for how the bill is paid for, I will list the major items, but you can read through the review by the Joint Committee on Taxation, a non-partisan committee in Congress that reviews revenue issues at http://bit.ly/3ItamG