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Thursday, July 16, 2009

Budget Umpire: Health Care Bills Would Raise Costs

By RICARDO ALONSO-ZALDIVAR,
Associated Press Writer


WASHINGTON – Democrats' health care bills won't meet President Barack Obama's goal of slowing the ruinous rise of medical costs, Congress' budget umpire warned on Thursday, giving weight to critics who say the legislation could break the bank.

The sobering assessment from Congressional Budget Office Director Douglas Elmendorf came as House Democrats pushed to pass a partisan bill through committees, while in the Senate a small group of lawmakers continued to seek a deal that could win support from both political parties.

With the pressure mounting on all sides, Senate Majority Leader Harry Reid, D-Nev., dismissed as "a waste of money" a television ad campaign by Obama's political organization aiming to nudge moderate Democrats off the fence. He called it "Democrats running ads against Democrats."

From the beginning of the health care debate, Obama has insisted that any overhaul must "bend the curve" of rapidly rising costs that threaten to swamp the budgets of government, businesses and families.

Asked by Senate Budget Committee Chairman Kent Conrad, D-N.D., if the evolving legislation would bend the cost curve, the budget director responded that "the curve is being raised."

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4 comments:

Anonymous said...

Massachusetts in Suit Over Cost of Universal Care
By ABBY GOODNOUGH
Published: July 15, 2009
BOSTON — A hospital that serves thousands of indigent Massachusetts residents sued the state on Wednesday, charging that its costly universal health care law is forcing the hospital to cover too much of the expense of caring for the poor.
http://www.nytimes.com/2009/07/16/us/16hospital.html?_r=1


Centrist Dem Leader: Has Committee Votes To Block Health Bill

By Martin Vaughan, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- U.S. Rep. Mike Ross, D-Ark., a leader of fiscally conservative House Democrats, said Wednesday a House plan to overhaul the U.S. health-care system is losing support and will be stuck in committee without changes.
"Last time I checked, it takes seven Democrats to stop a bill in the Energy and Commerce Committee," Ross told reporters after a House vote. "We had seven against it last Friday; we have 10 today."
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200907151403dowjonesdjonline000758&title=centrist-dem-leaderhas-committee-votes-to-block-health-bill
JUST A BAD IDEA:(

Anonymous said...

It's a train wreck!!!!!
It needs a wooden stake driven deep into its heart.

Ryan said...

I hope this thing stops dead in its tracks before we make another costly mistake.

Anonymous said...

There's nothing we can do. The damage was cemented when bho was elected. Yes, we can object but at this point, it's futile. By the time elections roll around, the damage will have been done.
There's NO JUSTIFICATION for the RUSH!
If this is to be done, it needs to be done very carefully.