Tag Archives: health care bill

Markets Smell a Country Rat

By Andrew Busch | Published: November 23, 2009

Before everyone gets their underwear in a bundle, the Senate merely voted to start the debate and amendment process for the Reid Health Care bill. The 60 vote barrier was almost pre-ordained before it took place. The fun starts now with several Democratic senators warning they won’t vote again on the bill without significant changes. Make no mistake, this bill has traveled far and wide from it’s original intent of inclusion and improvement that was promised at the start of this process.

Remember, the reason why we started down this path was to bend the cost curve back downwards for … …READ MORE

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Health Care Weighs In at 2074 Pages!

By Andrew Busch | Published: November 19, 2009

Congratulations Sen. Reid, it’s a 2074 page Health Care Bill! Here are the Fun Facts:

Spending: The cost of the bill is $2.5 trillion over 10 years of full implementation (2014-2023).

Taxes Increases: Taxes will go up $493.6 billion—nearly half a trillion dollars.

Medicare Cuts: Medicare will be cut $464.6 billion—another half a trillion dollars.

Public Option: The bill includes a government run plan and provides states with the possibility of opting out of participating in that plan. According to CBO, the government run plan “would typically have premiums that were somewhat higher than the average premiums for the private … …READ MORE

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US Health Care Bill a Concern for the Chinese

By Andrew Busch | Published: November 16, 2009

Over the weekend, China’s chief banking regulator sharply criticized the US Federal Reserve and the monetary policy of the United States. Liu Mingkan said that the U.S. Federal Reserve’s promise to keep U.S. interest rates at extraordinarily low levels for an extended period “has already led to a massive U.S. dollar carry trade and massive speculation.” He said that the weak U.S. dollar and low U.S. interest rates are creating “unavoidable risks for the recovery of the global economy, especially emerging economies” and that the situation is “seriously impacting global asset prices and encouraging speculation in stock and property markets” … …READ MORE

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