"Report: Health COSTS up slightly under Senate bill": Yahoo!

  1. fishskinfreak2008 profile image61
    fishskinfreak2008posted 8 years ago

    Web-site/URL: http://news.yahoo.com/s/ap/20100110/ap_ … ealth_care

    WASHINGTON – Americans would see only a modest rise in health care COSTS under the Senate's plan to extend coverage to 34 million people who currently go without health insurance, government economic experts say in a new report.

    The study found that health SPENDING, which accounts for about one-sixth of the economy, would increase by less than 1 percent than it otherwise would over the coming decade even with so many more people receiving coverage.

    Over time, COST-cutting measures could start to reduce the annual increases in health care SPENDING, offering the possibility of substantial savings in the long run. At the same time, however, some of the Senate's Medicare savings could be unrealistic and cause lawmakers to roll them back, according to Medicare's top number crunchers.

    Health and Human Services Secretary Kathleen Sebelius said the report released Saturday shows the Senate bill would slow the rate of health care COSTS, strengthen Medicare and provide millions more people with insurance coverage.

    President Barack Obama used his weekly radio and Internet address to play up the brighter side of the overhaul he hopes to sign in time for his first State of the Union address to a joint session of Congress in a matter of weeks.

    He said it would ban "the worst practices of the insurance industry" even as he acknowledged it would take several years — until 2014 in some instances — for some of the changes to be fully in place. That has disappointed consumers and their advocates.

    "Now, it'll take a few years to fully implement these reforms in a responsible way," the president said. "But what every American should know is that once I sign health insurance reform into law, there are dozens of protections and benefits that will take effect this year."

    Among them, Obama said:

    _People with illnesses or medical conditions will be able to buy affordable health insurance.

    _Children with such conditions will no longer be denied coverage.

    _Small-business owners who can't afford to cover their employees will get tax credits to help them do so.

    _Insurance companies will be required to offer free preventive care to their customers and will be prohibited from dropping coverage when someone becomes ill.

    "In short, once I sign health insurance reform into law, doctors and patients will have more control over their health care decisions and insurance company bureaucrats will have less," Obama said.

    House and Senate versions of the overhaul would require nearly all Americans to get coverage and provide subsidies for many who can't afford the cost, but they differ on the details. Among the remaining sticking points are whom to tax, how many people to cover, how to restrict taxpayer funding for abortion and whether illegal immigrants should be allowed to use their own money to buy coverage in new insurance markets.

    Obama had several meetings with Democratic lawmakers at the White House this week to help resolve those differences. In one instance, he signaled to House Democratic leaders that they must drop their opposition to taxing high-end insurance plans to pay to extend coverage to millions of uninsured people. The tax, which is in the Senate bill, is largely opposed by House Democrats and organized labor.

    Saturday's report cited this tax on "Cadillac" health plans, as well as reductions in annual increases to Medicare providers, as having potential to hold down costs. But the authors were skeptical that Congress could stand the political fallout, noting that the Medicare cuts "may be unrealistic."

    Republican lawmakers are near unanimous in opposing the legislation. They say the bills COST TOO MUCH and IMPOSE TOO MUCH GOVERNMENT CONTROL".

    Cost + Spending + Governemnt Control = THE SAME OLD GOP RECIPE

    1. MikeNV profile image79
      MikeNVposted 8 years agoin reply to this

      Great are you going to cut and paste every Yahoo Article?

      1. fishskinfreak2008 profile image61
        fishskinfreak2008posted 8 years agoin reply to this

        No. Only if it's relevant to what I'm trying to do/the point I'm trying to prove.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)