Friday, November 20, 2009
Parody this may be, but if it has not actually happened already it will before the health care "reform" bill gets passed...
Two Healthcare related points. MEDICAID and wage penalties for Health Insurance firms.
This is also an indicator that even the host of an economics orientated show cannot keep up with the content of these bills.
First - Reid's Bill targets the States MEDICAID money.
On Fox's Cavuto show they were discussing the $100 million flagged for landrieu of Lousianna. The bill's requirements are such that of the states` affected by Katrina, only Lousiana's qualifies for the funds.
The Democratic operative Regina Calcetera said the money was not going to Landrieu, but to help fund the states MEDICAID which recently had a $1 billion shortfall.
This is not an isolated incident. I recall reading that Schumer has a MEDICAID exemption for New York for a few years and Nevada has the same expemption. I believe there are others but I cannot remember the states.
Calcetera also said there are also penalties which apply to any insurance company that pays its executives over $500,000.