Thursday, October 8, 2009

Healthcare Bill, The Deficit and Stock prices.

Baucus healthcare bill would lower the deficit, analysts say

Los Angeles Times — Reporting from Washington - Senate Democrats pushing healthcare legislation received a boost Wednesday from congressional budget experts, who estimated that a bill being debated by the Senate Finance Committee would substantially expand coverage and lower the federal deficit.

The nonpartisan Congressional Budget Office calculated that the legislation, written by Sen. Max Baucus (D-Mont.), would cost $829 billion by 2019. But because that tab would be offset by spending cuts elsewhere and by new revenue, the bill actually would lower the deficit by $81 billion over the next decade -- and potentially even more in later years -- the budget office concluded.
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Managed-Care Stocks Off, Hospitals Up, On Health Bill

Wall Street Journal — Managed-care stocks tumbled and hospital shares climbed Thursday as an analysis of the Senate Finance Committee's health-reform bill increased chances that the measure, which one analyst called "onerous" for health insurers, will advance.

Contributing to the managed-care sell-off, apparently, were House Speaker Nancy Pelosi's comments expressing interest in exploring a windfall-profit tax on insurers to fund an expansion of health coverage.
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Offshore tax bill sought as health bill add-on

Reuters — A prominent Democrat will offer a controversial bill to target tax evasion by U.S. citizens and corporations to the main healthcare reform legislation in the Senate, an aide said on Wednesday.

Democrat Senator Carl Levin will offer his Stop Tax Haven Abuse Act as an amendment to the Senate Finance Committee's healthcare bill when it reaches the Senate floor, according to a Levin aide.
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