Word: billings
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...substantive bill may be good enough for Geithner, who may have the most at stake. He survived the terrible start of his tenure at Treasury and managed to lead the Administration's efforts to stabilize the markets under constant attack. But he continues to struggle with the impression that he is soft on Wall Street, having come from the New York Fed (and having played a part in the crisis dealings with Lehman Brothers and AIG last fall), which is considered more sympathetic to the financial industry than some Washington overseers. To truly succeed as Treasury Secretary, insiders say, Geithner...
...return for the support of one potential foe, the pharmaceutical industry, the Obama Administration reportedly made a side deal to limit drug spending cuts in any health-care reform bill to $80 billion. According to the New York Times, the Administration reaffirmed the deal after the drugmakers expressed concern that Congress might push for even bigger cuts...
...couldn't do business at 2 to 1. The younger people's premiums would just be too high," says Charles Kahn, president of the Federation of American Hospitals, a lobbying group for investor-owned hospitals, and a former lobbyist for the insurance industry during Bill Clinton's health-care reform battle in the 1990s. Essentially, a wider "age band," like the 5-to-1 ratio insurers favor, would allow them to charge higher amounts to middle-aged people not yet old enough to qualify for Medicare, while keeping younger people's premiums much lower. In a recent letter to Henry...
...another way, says Kahn, "Insurance isn't free, and you have to have groups with many more healthy people than sick." As a result, insurers are pushing for harsher financial penalties on Americans who would forgo insurance even in the face of a government mandate. The HELP Committee bill would charge the uninsured a minimum annual penalty of $750 for individuals, a figure that is far below the annual expenses of full-cost premiums, which insurers think the penalty should at least equal in order to succeed. The House draft includes a penalty of 2.5% of modified adjusted gross income...
...income Americans to help them afford coverage. If subsidies are not sufficiently large enough, insurers say, many Americans would opt not to buy coverage. AHIP favors subsidies to Americans earning up to 400% of the federal poverty line, the same level of subsidies in both the House and HELP bills. The Senate Finance Committee, the lone remaining committee with jurisdiction over health care yet to produce a bill, hasn't announced which subsidy level it will support. But in an effort to win bipartisan backing and scale back the cost of the bill, it is reportedly considering limiting subsidies...