Christian Debt Recovery

Debt Ceiling 2011 Deadline

July 30th, 2008 |

Author: Gavin

Health Insurance Reform Weekly July 5th 2011

A McKinsey Quarterly report that found 30 percent of employers were likely or highly likely to stop offering health insurance after 2014 as a result of the health care reform law has continued to generate much follow-up discussion in the past three weeks. The debate over the results included sharply worded criticism from the White House, which led McKinsey to publish on its website follow-up information about the methodology of the survey. The McKinsey report, however, is just one of many that have examined the potential impact of the Affordable Care Act (ACA), with differing results, The Robert Wood Johnson Foundation last week released studies that show employer coverage has eroded significantly in the past decade, from 69 percent in 2000 to 61 percent in 2009, but that the ACA is expected to help reverse the trend among small employers. An Urban Institute brief released last week anticipates that the ACA will have a similarly positive impact on small businesses and their workers.

Federal

Vice President Biden’s bipartisan group of negotiators, which has been trying to work out an agreement to raise the debt ceiling, hit a roadblock last week when key Republicans withdrew from the negotiations. House Majority Leader Eric Cantor (R-VA) announced that he would not participate in Thursday’s session and called for President Obama to resolve an apparent standoff over Democrats’ demands to raise revenue as part of the agreement and Republicans’ opposition to tax increases. As a result, talks have been elevated to President Obama, who has scheduled separate meetings at the White House with Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY). Negotiations also are expected between the President and Speaker of the House John Boehner (R-OH). Prior to Thursday, Biden’s group reportedly had agreed to about $1 trillion in savings, potentially impacting health care programs such as Medicare and Medicaid. It is unlikely that the President will negotiate an agreement with Republicans by the July 1 deadline that Biden’s group had set for themselves. Separately, Sen. Mark Warner (D-VA) said last week that the Senate Group of Five would aim to release a deficit reduction proposal in a week or so.

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