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Fallback Version Now More Likely than Ever
By Staff Reporters
President Barack Obama put forward a nearly $1 trillion, 10-year healthcare reform bill compromise yesterday that would allow the government to deny or roll back egregious insurance premium increases that infuriate consumers. Of course, all ME-P readers are aware of the recent Wellpoint scenario, and Anthem rate increases at such an inauspicious time. Nevertheless, it is unlikely that such sweeping political legislation can pass.
Bi-Partisan Opposition Brewing
Most political pundits view Republicans as opposing the new Obama plan along with some Democrats who previously supported healthcare reform and are having second thoughts in an election year. And so, after a year in pursuit, Obama may still have to settle for a crippled fallback version of what once was his top domestic priority.
Assessment
Feel free to review the attached summary report [The President’s Proposal – February 22, 2010 – Puts American families and small business owners in control of their own health care].
This revised Obama health plan costs $1 trillion. No public option is proposed to cover 31 million uninsured, or limit health insurance rate hikes.
Link: summary-presidents-proposal
Conclusion
And so, your thoughts and comments on this ME-P are appreciated. Be sure to take a read and tell us what you think of the new Obama health plan proposal. And, then vote:
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Filed under: Breaking News, Health Insurance, Health Law & Policy |
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What Up – Obama?
It looks as though President’s new health plan proposal changes little, if anything. There is nothing there except a health insurance rate regulatory board with little operational definition and vague suggestions of health insurance company oversight.
So, what up with that?
Richard
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The Obama Non Healthcare Reform Event
Here is a follow-up essay on the great non-event:
http://theincidentaleconomist.com/obama%e2%80%99s-new-democratic-populism/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheIncidentalEconomist+%28The+Incidental+Economist+%28Posts%29%29
Barry
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Healthcare Costs
Q: What is our share of the US National Debt?
A: One year of work.
Read more by Austin Frakt PhD, right here:
http://theincidentaleconomist.com/u-s-government-debt-one-year-work/
Now, what percent of GDP is healthcare? and why do we want to increase it?
Beverly
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