Thud.

“‘Our health-care system is simply unsustainable,’ the Montana Democrat said during a news conference today at which he appeared without any other lawmaker. ‘It’s time to act.’” Well, at least we agree on that much. After frittering away a month trying to appease obvious GOP irreconcilables, Sen. Max Baucus finally releases the Senate Finance health reform bill. [Here it is.] Key components include co-ops, a tax on “cadillac” insurance plans (which still doesn’t make much sense to me), cheapo catastrophic insurance for people under 25, and, of course, no public option.

Suffice to say, it’s not up to snuff, and many important folks aren’t particularly happy. “On the House side, the Baucus proposal falls very, very short…Sen. Russ Feingold (D-Wisc.) was disappointed by the Baucus bill, calling it ‘health care reform in name only.’” Said Rep. Anthony Weiner of the failed attempts at bipartisanship: “The Senate and the president to some extent have been like a child looking for a unicorn. I don’t see it.” Nor is HCAN amused.

Update: Whatever you think of the Baucus bill, one thing is clear: Despite what they’re saying now, the Republicans got what they wanted…just ask Kent Conrad.