Carl McDonald of Oppenheimer and Carl Mercurio of CRG comment.
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From the category archives:
Healthcare Reform
While waiting for health insurance reform, some Americans are unsure what to do about their health coverage needs today.”
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The New York Times tackled this issue yesterday in an article by Robert Pear that attempts to explain how technically it might be possible for the Senate bill to be able to reduce the deficit by $132 billion in the next 10 years while adding nine years to the life of Medicare’s hospital trust fund.
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At the heart of this is the fact that health insurance plans will be unable to innovate.
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“Americans don’t want taxpayer funding for abortions and are opposed to a first-ever, mandatory abortion tax. Knowing this, the bill’s proponents have rushed it through the Senate at a time when Americans are focused on celebrating Christmas with their families.”
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Failing to adjust the contribution cap will cause the value of a $2,500 FSA to plummet to less than half its worth within a decade.
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Below,to according Consumer Watchdog, is a list of the most deceptive sound bites, and the longer truth of the reform plans.
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Congress didn’t intend the SGR to produce large savings.
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For the Medicare program, the increases over the next 25 years are even more dramatic.
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The reasons are clear: deep divides among Democrats on a public insurance plan, abortion, tax hikes and cost-cutting.
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