LegalNewsLine Logo  
Saturday, March 20 2010     Subscribe in NewsGator Online
News | Contact LegalNewsline | About Us | Advertise | RSS
Enter search keyword
 
NEWSLETTER
Receive our FREE weekly newsletter
click here
LNL MOST POPULAR ARTICLES
+ Brown gets polluting hair products taken off store shelves
+ AG Tom Miller lands in GOP crosshairs
+ Settlement reached over nutritional supplement enrollment plan‏
+ Whitman leads Brown in latest poll
+ Texas medical malpractice law survives challenge
LNL HOT TOPICS
+ Asbestos
+ Bankruptcy
+ Big Pharma
+ Class Action
+ Dickie Scruggs
+ Financial Crisis
+ Gasoline Prices
+ Global Warming
+ Hurricane Katrina
+ Lead Paint
+ Personal Injury
+ Sub-Prime Mortgages
Hot Topics 
 
House health care bill costs more than previously believed
John Boehner (R-Ohio)
Dan Lungren (R-Calif.)
Nancy Pelosi (D-Calif.)
WASHINGTON (Legal Newsline)-The mammoth $1 trillion health care overhaul bill passed by the House last week will cost more than previously believed, a government report said.

The landmark health care legislation pushed by Democrats narrowly cleared the House on a 220-215 vote, with the support of just one Republican and opposition from 39 Democrats.

The legislation seeks to fundamentally change the way U.S. health insurance companies do business without enacting any legal reforms, such as changing the nation's tort laws.

A report by the Centers for Medicare and Medicaid said savings contained in the 2,000-page House proposal will be difficult to actualize.

The report also said under the bill total health expenditures would be about $289 billion higher in the next 10 years than would otherwise be spent by the government.

In a statement, House Minority Leader John Boehner of Ohio said the 31-page analysis by Richard Foster, the chief actuary at the Centers for Medicare and Medicaid "confirms" Republcian concerns about the bill.

"This report once again discredits Democrats' assertions that their $1.3 trillion government takeover of health care will lower costs, and it confirms that this bill violates President Obama's promise to 'bend the cost curve,'" he said. "It's now beyond dispute that their bill will raise costs, which is exactly what the American people don't want."

The House legislation would bar insurers from denying coverage and prohibit the insurance industry from charging higher premiums to consumers with a preexisting condition.

The bill also contains a public insurance option, which proponents say is aimed at injecting more competition into the health insurance marketplace. Under the legislation, the insurance industry would lose its exemption from federal antitrust restrictions on market allocation and price fixing.

"It is not inevitable that this plan becomes law," U.S. Rep. Dan Lungren, R-Calif., said this week. "It is possible that we can get the Senate to step back."

The House bill contains 3,425 mandates woven into it, Lungren said.

The House-approved plan and the one that is expected to be passed in the Senate will be merged in conference committee before a final bill goes to President Barack Obama, who has made health care reform his No. 1 domestic priority.

The House plan would, according to the nonpartisan Congressional Budget Office, extend insurance coverage to 36 million uninsured Americans and see to it that about 96 percent of Americans have medical coverage.

The bill was championed by House Speaker Nancy Pelosi,D-Calif, who said the legislation would protect Americans' health and "not add one dime to the deficit."

To pay for the coverage expansion, House plan calls for a 5.4 percent surtax on individuals making more than $500,000 a year or families earning more than $1 million and a 2.5 percent excise tax on medical services or devices.

House Republicans had sought a cap on punitive damages and narrowing the statute of limitations on malpractice claims as a way to cut health care costs. Democrats, which control the House, eschewed their plan.

In the Senate, Majority Leader Harry Reid, D-Nev., is having trouble gathering the 60 votes needed to approve a health care plan.

If signed by Obama, the health care overhaul would mark the most significant expansion of medical care since Congress created Medicare in 1965 for the nation's elderly and disabled.

From Legal Newsline: Reach staff reporter Chris Rizo at chrisrizo@legalnewsline.com.

Filed Under: Hot Topics


COMMENTS ON THIS ARTICLE:

No comments have been posted in the last 15 days!

SEND US YOUR COMMENTS ON THIS ARTICLE:


* - Required fields

Subject: *
Message: *
Contact Name: *
Contact URL:
Contact Email: *
This Is CAPTCHA Image
Write the characters in the image above: 

E-mail this article to a friend | Printer friendly format

MORE NEWS HEADLINES:
+ Blagojevich loses bid for trial postponement - 3/17  
+ W.Va. appellate court, right of appeal bill dies in committee - 3/4  
+ Order makes W.Va. asbestos trust dealings more open - 3/3  
+ Obama to propose limiting health insurance rate hikes - 2/22  
+ Report: States face $1 trillion pension shortfall - 2/18  
+ Obama vows to move ahead with health care reform - 2/6  
+ Teachers' union seeks to close corporate tax break - 2/5  
+ Group threatens to sue over pesticide regulations - 2/2  
+ McDonnell delivers GOP response to Obama - 1/28  
+ Obama calls for jobs, tax cuts and health care reform - 1/27  


IN THE SPOTLIGHT:
Wednesday, March 10, 2010
Most of the judges on the New Mexico Court of Appeals get a failing grade when it comes to the "expansion of liability," according to a judicial evaluation report.
Read more...


+ 'Land of Enchantment' in 'Hellhole': Tort reform group calls New Mexico's appeals court 'pro-liability' - 3/2
+ Group puts the brakes on Honda class action settlement - 2/23
+ AG Brown, feds sitting out whisteblower suit against pipemaker - 2/18
+ Calif. AG hopeful vows to target public employee pension increases - 2/12
+ Nebraska AG Bruning's political star rising - 2/5
BROWSE BY STATE:
 
BROWSE BY AG:
 
BROWSE BY DATE:
 
LATEST LNL BLOG ENTRIES:
+ Abbott: Beware Dietary Supplement Scams and 'Miracle' Health Claims
+ Abbott's signs of a scam
+ AG McCollum on convicts in the mortgage industry
NEWS WIDGET:
Attention bloggers:
Add Record Headlines to your site!


fast + free- click here

NEWS | CONTACT LEGALNEWSLINE | ABOUT US | ADVERTISE | RSS © 2008 LegalNewsLine.com. All Rights Reserved.