![]() Oct 31, 2009
Lawyers, Sums, and Money
Posted by: Ken Blanchard - 10/31/2009 12:45 AM (Congress, Courage, lack of, Deficit, Economics, Health care)
The Congressional Budget Office said Thursday a U.S. House health-care system re-write would extend health insurance to 96% of the nonelderly U.S. population by 2019, and spend $1.055 trillion to do so. Penalties imposed on individuals who did not purchase insurance, and employers who did not offer coverage to their workers, would raise $161 billion over that time-frame. That brings the net cost of the bill to $894 billion through 2019, CBO said. I suppose the new definition of cheap is "under a trillion." But will this policy really be even that cheap? Republicans doubt it, but then, that is their job. From the Washington Post: Republicans on Capitol Hill are challenging an assertion by House leaders that their new health-care package comes in under President Obama's spending limit of $900 billion over the next decade. The true cost of the measure, the GOP argues, is more than $1 trillion. A House leadership aide dismissed the charge as "GOP spin." But, in this case, the spin is essentially true. What brings the House bill under a cool trillion is all the money that is expected to come from scofflaws who refuse to buy insurance. That, and big cuts in existing Medicare programs. That's reassuring, except that Congress will never actually make such cuts. The cost of this kind of program is always more, a lot more, than initially projected. But you don't have to speculate. Just look at the provisions in the bill that are specifically designed to avoid cost control. Here, from Breitbart's Big Government, is one juicy morsel in the bill: Section 2531, entitled "Medical Liability Alternatives," establishes an incentive program for states to adopt and implement alternatives to medical liability litigation. [But]…… a state is not eligible for the incentive payments if that state puts a law on the books that limits attorneys' fees or imposes caps on damages. Now it's one thing for Congress to refuse to enact tort reform as part of its healthcare reform. It would save $54 billion over ten years, but whoever pays for healthcare reform, it ain't going to be lawyers. It's another thing to penalize states for trying to enact tort reform on their own. This is a bit more love than trial lawyers probably deserve. If Congress can't say no to the trial lawyers, who can they say no to? I mean, besides the insurance industry? The idea that this legislation will be cheap or affordable is sheer fantasy. Post a Comment
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