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Monday, March 22, 2010

HEALTH CARE REFORM

It passed! Great! This is an historical milestone but in some ways it is just a start.

Disappointments, that may be fixed in the future: While insuring 30 million, it leaves about 17 million uninsured.. It does little to address cost containment and contains a mandate without strong enough subsidies. Also, there needs to be a public option to make insurers compete for this mandated coverage. It does not help with drug prices by having Medicare negotiate or permitting importation.

At least the legislation eliminates the unwarranted giveaways to banks for student loans.

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