Friday, October 16, 2009
Red Ink Rising
Dumbocrats in Congress are planning on cutting the tax on "Cadillac" healthcare plans. This is not a surprise as this would impact unions, who are the bread and butter of Liberal fundraising. They also want to curry favor with doctors (wasn't Obama excoriating doctors for ordering unnecessary tests to pad their wallet?) by shielding them from cust in Medicare reimbursement. Recall that the CBO scored the Senate Finance Committee bill has having an $829 billion on the deficit over the 2010-2019 period. This is dramatically understated as the taxes would begin in 2010 and the spending would not start until 2013. Nonetheless, if the Cadillac tax and the "Doc Fix," were removed from the bill the 10 year cost (also understated) would go from $829 billion to $1.226 trillion. Note that this is before the Libs try to insert a public option as it makes its way through the sausage factory, otherwise know as Congress.
Labels:
Congress,
Healthcare Reform,
Obama,
Senate Finance Committee
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