Health Care Reform Update [01-19-10]

Filed under: Industry Updates — Editor @ 9:00 am

Democratic leaders began meeting with President Obama to reconcile the House and Senate health care bills, prompting GOP criticism that the normal conference committee process had been bypassed.  With Senate Democrats needing every one of the 60 votes they garnered to pass their version, House leaders acknowledge they will be hard-pressed to get the House-passed public option.

Beyond that issue, lawmakers must resolve other differences.  The House bill, for example, provides $602 billion in insurance subsidies beginning in 2013, while the Senate plan offers $463 billion and starts a year later.  (Wonder where all of those billions are going to come from?)  Democrats  had hope to hammer out a bill before Obama’s State of the Union address, by The White House acknowledged such likely will not occur, and the State of the Union address will be void of a victory speech on health care reform.

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