Raising Women’s Voices

Associated Press Examines Effect of Financial Crisis on Prospects for Candidates’ Health Plans

Posted in Uncategorized by raisingwomensvoices on October 17, 2008

Neither Democratic presidential nominee Sen. Barack Obama

(Ill.) nor Republican presidential nominee Sen. John McCain

(Ariz.) has “signaled any intention to scale back his plans” on health care despite the recent economic downturn, but “with the federal government sinking ever deeper into debt and a $700 billion financial rescue package being implemented, many question just how much either presidential candidate can hope to deliver,” the AP/Houston Chronicle reports. According to the AP/Chronicle, the presidential candidates “insist their health care plans would not add to the national debt, but independent analyses suggest otherwise.”

Uwe Reinhardt, an economics professor at Princeton University, said, “Do we have the money to be our brothers’ and sisters’ keeper? The answer is no,”

adding, “We have to worry about Goldman Sachs. That’s where we are.” Robert Laszewski, a health care policy consultant, said that broad health care reform legislation has “zero” chance of passage amid the economic downturn and that the presidential candidates “owe us more of an explanation than they gave us at the debates” about how they plan to implement their proposals.

Drew Altman, president and CEO of the Kaiser Family Foundation, said regardless of economic conditions, the next president will have to phase in any changes he seeks, rather than implement sweeping reforms. Altman said, “Coming up with the money to pay for health reform and expanding coverage was always a huge mountain to climb,” adding, “It just got much higher.” However, Senate Finance Committee Chair Max Baucus (D-Mont.) said that the committee next year will consider broad health care reform legislation despite the economic downturn. He said, “While some suggest that the current economic situation might thwart efforts to overhaul America’s health care system, I believe the state of the U.S. economy makes the need for health care reform even more urgent.”Committee ranking member Chuck Grassley (R-Iowa) agreed, although he said that he will focus on proposals to reduce health care costs. He said, “I know that taking care of the uninsured is really an issue by itself, but you make that job easier to the extent you get health care cost under control”…

for full article, please visit: http://www.kaisernetwork.org/daily_reports/rep_index.cfm?DR_ID=55009


One Response

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  1. Paul Maurice Martin said, on October 18, 2008 at 2:25 am

    Absolutely right. No significant improvement will happen on health care in the foreseeable future. The influence of corporate health insurers on Washington is far too powerful.

    The thing is, matters could get significantly worse under McCain.

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