Affordable health insurance is part of the “middle-class bargain” that President Barack Obama is promising all Americans if he's elected to another term on Nov. 6.
That message was included in The New Economic Patriotism: A Plan for Jobs & Middle-Class Security (PDF), a 20-page booklet of second-term plans that the president's campaign released Tuesday along with a new video ad. Pledging to build an “economy from the middle class out,” the agenda offers the president's objectives for American manufacturing, small business, education, healthcare, retirement security and the deficit. Not surprisingly, the section on healthcare touts the Patient Protection and Affordable Care Act and how the administration would ensure the controversial law's continued implementation in a second term.
“It is up to you whether we go back to a healthcare system that lets insurance companies decide who to cover, when to cover it, whether they can drop you from your coverage whenever you need it most, or whether we keep moving forward with a law that is already cutting costs and covering more people and saving lives,” the president says in it.
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It's like watching a trailer to a horror movie. You know something bad is going to happen. You just don't know when.
A law enacted this week requiring sequester details within 30 days is expected to give Medicare providers new insights—or more likely nightmares—on the looming 2% cut to their payments.
The Sequestration Transparency Act of 2012, sign by President Barack Obama on Tuesday, requires the administration to provide detailed estimates within 30 days of the sources for the cuts required to begin in January 2013 under the Budget Control Act of 2011. The law requires $1.2 trillion in government-wide federal cuts over10 years, while exempting certain programs.
The new law's required estimates, down to the “program, project, and activity level,” will include greater detail on the maximum 2% annual cut in Medicare provider payments required by the law, a congressional source confirmed this week.
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