Word: moynihans
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Sharp on's speech, at 7:30 p.m. in Emerson 105, follows closely on the heels of his own declaration to reenter the political arena. On Feb. 6, Sharpton said he will run for Senate against Sen. Daniel Patrick Moynihan...
Like Clinton, Moynihan wants a system that provides universal coverage, a scheme that will guarantee quality health care regardless of a person's income or employment status. The question is how to pay for it. "The linchpin is the employer mandate," says Deputy Treasury Secretary Roger Altman. "Without it you can't have universal coverage." Put simply, the Administration would force most employers to pay 80% of the cost of health insurance premiums. Workers would cover the rest. But small companies, and an increasing number of medium and large ones, contend that such mandates could bankrupt them. In an attempt...
...very least, the desire to foreclose the kind of outcome Moynihan fears virtually guarantees that universal coverage would be phased in slowly -- if it happens at all. "But we wouldn't cry about that," says a senior Administration official. "The President can still declare victory as long as universal coverage is promised at some point." Yet Clinton's plan could stall completely unless Moynihan's worries about the "collateral consequences" are addressed. Inexplicably, Moynihan and Ira Magaziner, the Administration's health-care guru, have yet to talk about employer mandates. "We want to get everything in order first," says...
Where will it go from here? Moynihan seems charmed with a new approach being developed by Yale's James Tobin, a Nobel laureate in economics. No one will say what's coming, but "it can't be much," sniffs an Administration official. "Tobin's a great economist, but he doesn't know health care." Perhaps so, but it's the politicians who will fix America's health-care system, and dismissing someone Moynihan respects is a prescription for even more trouble than the President's plan already faces...
...Moynihan sees trouble ahead for Clinton's reform plan...