Word: medicaid
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...toward the health-care sector immediately. Some will go to a massive tech upgrade for an industry that in many ways is still paper-based. More urgent is the need to funnel cash directly from Washington to states so that local legislators don't rush to cut spending on Medicaid as state tax receipts dry up in the recession. "Absent some relief there, you'll get Medicaid budgets slashed," says a senior Democratic aide familiar with the plans...
...imagine a more useful ally for Obama to help lead his bid for health-care reform, both because of Daschle's understanding of the legislative process and for his belief in the new President-elect. His years on the Senate Finance Committee, which has jurisdiction over the Medicare and Medicaid programs, will also serve him well at HHS. Daschle - who rose quickly through the Senate ranks to become the Democratic leader in 1995 - was defeated for re-election in 2004, the same year that Obama came to the Senate. But the two have since become close. Daschle's former chief...
TIME: In dealing with this economic crisis, do you think that tax cuts should be the Republicans' overarching response? Boehner: Absolutely. Growing the economy helps everyone. And it's a lot smarter than more money for food stamps or more money for Medicaid for the states, infrastructure projects that are maybe needed or not needed. At the end of the day, the American people and small businesses are able to make better decisions for their future if they're able to keep more of what they earn...
...Pension Benefit Guarantee Corp.; with nearly 1 million participants, it is the largest private defined-benefit pension plan in the U.S. Some experts estimate that that hit alone could cost taxpayers more than $100 billion, with another $100 billion in lost tax revenues and $10 billion in increased Medicaid expenditures annually...
...works stimulus package. But reality may bring the party's leadership back down to earth. The senior Democratic aide expects no upper-income tax hikes or big infrastructure investments, and says the stimulus package rolled out this week will be restrained. "It'll be unemployment-benefits extension, a federal Medicaid matching program and allowing small businesses to write off immediately more of the expenses," the aide says. Even so, the package may not make it through the Senate...