Word: reform
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...when someone in the Obama Administration says something like "We want to reform Wall Street pay," what goes through your head? I hope they can actually follow through with it. But here we have folks in Washington - in the Fed, in the Treasury - who are also investment bankers, especially from Goldman Sachs. So it makes me wary. We're all implicated in this...
President Obama's news conference on July 22 is meant to be a foot on the accelerator of health-care reform, but all signs suggest that Capitol Hill is putting on the brakes. In the House, the Energy and Commerce Committee had expected to be finishing up its bill tonight; instead, the only one of the three health-related House committees that hasn't yet produced a bill has suspended its drafting sessions, while committee chairman Henry Waxman tries to work out his differences with a rebellious group of fiscally conservative Democrats known as the Blue Dogs...
...their workers? What will the bill do to bring down costs? Those are the kinds of questions lawmakers expect to be hearing from voters when they return home in August. And at this point, they still don't have many answers. (See 10 players in the health-care-reform debate...
...Medicaid has become the latest sticking-point issue in health reform because of the daunting challenge of how to cover those most likely to find themselves without health coverage. Low-income adults - those who earn under 200% of poverty, or $33,200 for a family of four - account for about half the uninsured in this country. Under the current rules, many of them are not eligible for Medicaid, which was established alongside Social Security in 1965 to cover low-income children, their parents, the poor elderly, the disabled and those in need of nursing-home care. (Read "Cost, Not Coverage...
...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...