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...decades. In a mini-budget announced a couple of hours earlier, Britain's Alistair Darling unveiled his government's latest plan to fix the U.K.'s broken economy, including a punitive tax on bankers' bonuses, a rise in social security contributions and a cap on public-sector workers' pay...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

...Europe - rising labor costs helped the country's share of euro-zone exports fall one-fifth between 2001 and 2008 - the Irish haven't shied from cutting their cloth in recent months. In his budget announced Dec. 9, for instance, Lenihan unleashed deeply unpopular cuts in public-sector pay that look set to trigger strike action. But when it comes to a spending squeeze of their own, says Tilford, "the Greeks are a long way from recognizing that they really have no choice." (Read "Ireland's Economy: Celtic Crunch Time...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

...Holy Cross College graduate and bestselling author expressed his support for the national health plan, and also commented on the implications of the “Stupak Amendment” to the national healthcare bill, which prohibits the use of Federal funds “to pay for any abortion or to cover any part of the costs of any health plan that includes coverage of abortion...

Author: By Derrick Asiedu, CRIMSON STAFF WRITER | Title: Matthews Speaks at Kirkland | 12/9/2009 | See Source »

Home care is much cheaper than nursing-home care, which averages about $200 per day. Yet millions of Americans who need long-term care but can't afford to pay for it have to "spend down" all their assets, become poor enough to qualify for Medicaid and then move to nursing homes, which the program covers. (Medicaid coverage for home health services varies from state to state.) This does not come cheap for the government, which pays about 60% of all long-term-care costs in the U.S.; only about 5% of Americans currently have private long-term-care insurance...

Author: /time Magazine | Title: Should Long-Term-Care Insurance Be Part of Health Reform? | 12/8/2009 | See Source »

...these criticisms provides a window to understanding both the complexity of health care reform and why it's so ripe for mischaracterization. For instance, to prevent people from purchasing long-term-care coverage when they are already in need, the CLASS Act requires that enrollees be employed and pay into the system for five years before becoming eligible to collect benefits. But because the CBO evaluates the costs of legislation - like the Senate reform bill - based on 10-year periods, the CLASS Act - which would begin collecting premiums in 2011 but wouldn't begin payouts until 2016 - appears to generate...

Author: /time Magazine | Title: Should Long-Term-Care Insurance Be Part of Health Reform? | 12/8/2009 | See Source »

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