Word: dodds
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...government-run plan similar to Medicare. To its opponents - and some of its more ardent supporters - the public plan looks like the first step toward a single-payer system like Canada's or Britain's. "Too many people are reacting like Pavlov's dog," says Senator Chris Dodd, the ranking Democrat who has been filling in on the Health Committee for the ailing Ted Kennedy. (Read "The Year in Medicine 2008: From...
...they had any to make. But the encounter did make some Democrats wish they could see more of that kind of presidential engagement on the issue that Obama says is his top legislative priority. "I want the White House involved, maybe to be at the table," says Senator Chris Dodd, the second-ranking Democrat on the Senate Health, Education, Labor and Pensions Committee. "It's very important." (See five truths about health care in America...
...that they will need to compromise - a little. In Congresswoman Carolyn Maloney, who represents much of Manhattan's armies of financial service workers and is head of the joint economic committee, they have found someone more to their liking. She has moved a bill that is less draconian than Dodd's, allowing rate boosts for existing and future...
...Senate Democrats want more. "There's a desire to see something much closer to Dodd out of committee than Maloney," says the leadership aide. And if the banks manage to water down Dodd, and only Maloney's bill passes? The Dems have a plan for that: humiliate the banks and the Senators protecting them by bringing a tougher version to the floor and making them vote against it. Republicans for their part realize the political tide is against the credit card industry, but are working with them to limit Dodd's bill. "The bill won't go anywhere...
...most likely outcome is a bill somewhere between Maloney's and Dodd's that prevents credit card companies from boosting rates on existing balances but allows them to jack them up for future purchases, eliminates a variety of unfair billing and payment gimmicks the card companies use to jack up fees, and gives the consumer more ways out if the card companies do try to squeeze them...