Health Care Reform Bill
By John Goodman Filed under Uncategorized on January 18, 2010 with 6 comments
Paul Krugman (New York Times): “Democrats have to do whatever it takes to enact a health care bill. Passing such a bill won’t be their political salvation — but not passing a bill would surely be their political doom.”
CNBC’s Jim Cramer: “I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win.”
httpv://www.youtube.com/watch?v=5NDuj-MyVyA
Don’t Know Why
I think Krugman is wrong. Passing the bill will be the Democrats’ doom. But then Krugman is usually wrong.
Let’s hope we have the opportunity to test out Cramer’s stock market theory.
Why do I think that Ed Schultz is not joking?
David Shuster (MSNBC): “Has Democratic-leaning Massachusetts lost its mind?”
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“Use Senate reconciliation and expand Medicare via the Senate’s buy-in provisions. The CBO has already signed off on this as a means of saving money.
More importantly, if more Americans can do a buy-in with Medicare, it creates more cost control (because there’s a genuine “public option” competitor).
It also helps to solve the problems of pre-existing conditions, because Medicare does not deny coverage on this basis.
Allowing a Medicare buy-in to Americans under 65 would give people a genuine alternative to private insurance and thereby render the pre-existing question moot.
It would also lower Medicare costs by expanding the risk pool of patients (the great bulk of medical expenses are accounted for by a small number of people, mostly the elderly, requiring very expensive treatment).
And it would substantially enhance the global competitiveness of American corporations. After all, in what other country in the world is health care a marginal cost of production for business?” – Roosevelt Institute Marshall Auerback