Health Care CEO's Lavish Pay Package Shows How the 1% Get Paid
It's no secret that the new Republican Congress has made a top priority of repealing the health care reform law passed last year. House Republicans, who have a controlling majority, are even scheduling votes to roll back the measure. On January 12, the House will vote on "Repealing the Job-Killing Health Care Law Act." But can they really succeed? Should they? Now that the New York Times says Democrats are working "on all fronts" to defend health care reform's popularity, it would seem at least an acknowledgment that the challenge is, or could be, somewhat serious. Here's what observers are saying today about the brewing war.
Premiums for people buying coverage on their own would fall a bit, but only because people were getting less protective insurance and because many with pre-existing conditions would be locked out of the market altogether. And even though premiums would be lower, many people buying coverage on their own would still end up paying more for their policies, because they would not benefit from the enormous subsidies that the Affordable Care Act makes available.
Don't bet on that $230 billion. The health-care law will require billions in new spending. It relies on the expectation of billions in savings from slowing the growth of health-care costs and assorted cuts and taxes -- all guaranteed to produce howls of outrage, and a burst of lobbying, from the affected interests. Health-care reform, done right and with steadfastness that is not always forthcoming from the legislative branch, could be a huge contributor to reducing the deficit. But the costs of the new law are far more certain than the savings. Anyone who's spent any time in Washington knows better than to assume that health-care reform will end up as a money saver.
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