Thursday, January 20, 2011

House Passes Repeal of Obamacare

On January 19, 2011, members of the new Republican-controlled House of Representatives passed a bill to repeal the Obama Administration’s nearly $900 billion health care reform legislation.

Three Democrats joined the House’s 242 Republicans in supporting the bill.

The White House warns that reversing the bill poses a severe threat to the nation’s economy. In a formal statement they say that repeal would lead to "higher costs and skyrocketing premiums, less competition, and fewer consumer protections against industry abuses.”

Since then Senate Majority Leader Harry Reid (D-Nevada) has said he would not introduce the measure for a vote on the Senate floor, and since President Obama has said he would veto the bill it looks like it may be simply an effort to fulfill campaign promises and little more.

House Republicans have stated they are intent on finding ways to block the law, including a measure on January 20 instructing three House committees to create a new health care bill.

No one knows for sure how this will all play out but I for one think it is the first step in a serious effort to scale back the most onerous parts of the bill and repeal whatever parts can be repealed.

Wednesday, January 5, 2011

Repealing ObamaCare

The Speaker's office is about to announce that the House Rules Committee will meet on Thursday and a rule to consider repeal of ObamaCare will be brought to the House floor on Friday. The house will then vote on January 12. Is there really a chance of repeal or is it just posturing by the Republicans? In my opinion it's the latter because even if the House approves repeal it will be a real uphill challenge in the Senate and finally it would eventually die with a Presidential veto. It will however, bring the matter back into the public eye at a time when the majority of Americans are beginning to doubt whether the Democrat's "rush to get it done" was a wise choice. Any bill that totals over 2,000 pages has to result in unintended consequences that can only be speculated upon until the full affect of the legistlation becomes reality in 2014. The best we can hope for is repeal or reworking of some of the more drastic provisions.

Monday, January 3, 2011

Time To Review

If you haven't taken the time to review your plans, evaluate your coverage and compare your rates you could be spending too much for too little. Call us today for a no obligation review.