Word: congressed
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...making this the latest in the back and forth between Barofsky's oversight office - which currently has 35 ongoing criminal and civil investigations of suspected accounting, securities and mortgage fraud - and the Treasury Department over the handling of TARP disbursements. (Read a skimmer of Barofsky's "Initial Report to Congress...
...packing plenty of vitriol for both critics of President Obama's health-care proposals and the special interests jockeying for seats at the negotiating table. The former governor talked to TIME about his new book, Howard Dean's Prescription for Real Healthcare Reform, political wrangling over bills circulating in Congress and why bipartisanship is for suckers...
...TIME: How optimistic are you that both houses of Congress will pass health-reform bills before the August recess, as President Obama is pushing for? Dean: I'm very hopeful the House will pass a bill. I think it's going to be very hard for the Senate. The Senate Health, Education, Labor and Pensions Committee passed a very good bill. The Senate Finance Committee has been unable to reach a bipartisan agreement, which doesn't surprise me. Frankly, I think the Republicans have no interest in reaching one. I've long believed the Democrats are going...
...even if Congress passes the health-care-reform legislation that Obama wants, it will take years to implement. Can the Democrats change things fast enough that health care won't be a liability for Obama if and when he runs for re-election? Absolutely. Put in guaranteed issue and community rating at once, so people cannot be turned down for insurance in the private sector, nor can they have their insurance taken away because of an illness. He'll get huge credit for that and there's no budgetary cost...
...What Congress is now considering is whether to make income alone the determinant of Medicaid coverage. Under the health-reform bill now being considered by the House, all non-elderly people earning at or below 133% of poverty - about $14,400 for an individual and $29,300 for a family of four - would be eligible. The House bill would have the Federal Government pick up the entire cost for those newly covered under Medicaid - $438 billion over 10 years. But a draft proposal by the Senate Finance Committee would have the feds paying the additional cost for only five years...