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posted by Gavin | 1:02 AM
I watched the final minutes of the vote in real-time, to the amusement of Jen. C-SPAN isn't exactly riveting, but me calling out the tally like a sports announcer helped.
Things are about to get interesting.
3 dozen state attorney generals are preparing to file a lawsuit the minute Obama signs the health care bill, declaring that this bill tramples over individual and state rights. With so many states suffering deficits that this bill will dramatically add to, as states share Medicaid costs with the Federal government... Tennessee alone projects >$1.1 billion in new costs over 5 years. I wonder what California's projection is, I haven't found it yet.
Catepillar ran their numbers and reported in a letter sent to the House of Representatives that their operating costs would go up almost $100 million the first year, for a company of 150,000 employees. That's 20% over their current health coverage costs. $100 million is also 11% of their total profit in FY09, admittedly a bad year.
I'd like to see health care for everyone, too. But, let's be realistic: these costs are not inconsequential. TINSTAAFL. I'd rather us find ways to help reduce health care costs (such as tort reform and streamlining existing government administrative costs), than mandate a gargantuan expansion and watch this flatten our economy further.
Things are about to get interesting.
3 dozen state attorney generals are preparing to file a lawsuit the minute Obama signs the health care bill, declaring that this bill tramples over individual and state rights. With so many states suffering deficits that this bill will dramatically add to, as states share Medicaid costs with the Federal government... Tennessee alone projects >$1.1 billion in new costs over 5 years. I wonder what California's projection is, I haven't found it yet.
Catepillar ran their numbers and reported in a letter sent to the House of Representatives that their operating costs would go up almost $100 million the first year, for a company of 150,000 employees. That's 20% over their current health coverage costs. $100 million is also 11% of their total profit in FY09, admittedly a bad year.
I'd like to see health care for everyone, too. But, let's be realistic: these costs are not inconsequential. TINSTAAFL. I'd rather us find ways to help reduce health care costs (such as tort reform and streamlining existing government administrative costs), than mandate a gargantuan expansion and watch this flatten our economy further.
Labels: current events
