Republican health care plan
U.S. Sen. Bob Corker said Wednesday that Republican efforts to repeal sweeping health care reform are futile. He instead promoted incremental fixes in a wide-ranging talk in Nashville.
In the immediate aftermath of the reform’s passage, many of Corker’s Republican colleagues, including 2008 presidential contender Sen. John McCain, have pledged to repeal the legislation. Corker described that as unlikely, given the reality of needing 67 votes in the Senate to overcome a presidential veto of repeal legislation.
“The fact is that’s not going to happen, OK?” Corker told dozens of people at Vanderbilt University.
Still, Corker made clear his opposition to the legislation and spoke in favor of continued, incremental legislative reform in future years to correct problems he foresees.
Democrats have heralded reform for extending health insurance to the majority of Americans through a national exchange and various subsidies. the new law eliminates pre-existing conditions and life time medical insurance caps.
The Tennessee Republican criticized the legislation as costly. He doubted that changes to Medicare, for instance, would yield savings to make reform budget neutral. He expressed support for protecting people with pre-existing conditions, but said reform as it stands will squeeze out private insurance.
Corker’s also spoke Wednesday about pending financial reform.
Rightardia comment: The health care reform bill will save money. The US had been paying twice as much as the other countries for health insurance, but 10 per cent of the population lacked health insurance and the industry hid behind pre-existing conditions and insurance caps to keep profits high.
The new law also eliminated the Bush era Medicare Advantage which was supposed to offer better Medicare benefits form seniors with the 'private option.' In fact, this program was heavily subsidized by the federal government and it just made Medicare more expensive to the taxpayer.
Many seniors are fearful about the reform because health care has been extended to the majority of Americans. Some believe this will negatively affect Medicare benefits. Since all US taxpayers who have been paying 1.5 per cent of their income to fund Medicare without any benefit form this tax until you reach 65, this selfish argument should fall on the deaf ears of younger people.
Under health reform, millions of young people will be entitled to tax credits to help them afford coverage. A young single person making roughly $43,000 or less will qualify for credits to help him or her afford coverage.
Under health reform, young adults will have the option of purchasing a low-cost “young invincible” policy as an alternative to more comprehensive coverage. Young adults will have the option of purchasing a lower level of coverage that meets their needs.
Those who still cannot afford coverage will qualify for a hardship waiver. And of course, thanks to health reform, young adults will now be able to stay on their parents’ coverage until they turn 26.
As a result of health reform, young adults who previously would not have carried insurance will now have the security of knowing that they won’t be driven into debt by accident or illness as they are just starting their lives out on their own.
Young people and children represent Americas future. They deserve the same health care coverage that seniors have been enjoying since the Democratic Party passed Medicare, which was signed into law by President Lyndon Johnson as part of his "Great Society" in 1965.
source: White House blog
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