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10/21/2009

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...and now the Republicans are trying to tie the $250bn medicare "doc fix" payment schedule to the neck of the health reform legislation! Asshats!

It was the Republicans in 2002 that passed the legislation that lowered medicare reimbursement rates to doctors, but they overrode their own legislation in 2003, 2004, 2005 and 2006....then the Democrats overrode in 2007, 2008 and 2009 with the result being a cumulative 2010 cut of 21.5% with a further 5.5% cut each year through 2014.

How are these yahoos going to provide Medicare B and D in a few years?! Law doesn't allow Congress to raise premiums on 75% of medicare users ("do no harm" legislation), and they are unwilling to control costs.

Both sides are playing with fire, and we are heading to a conflagration!

Are there any grown ups in Congress? Why do we elect people that put Party first and nation 2nd?!

Re: Forced Private Health Insurance
Democrat Sen. Reid (NV) has the power, when bringing together different health-care proposals for a vote, to either help or destroy future home ownership for millions of Americans. The costs of government-forced Expensive Private health Insurance will cause many home buyers not to qualify for home mortgages. All current health care proposals mandate Taxes, Costs, Surcharges and Penalties on the middle class; that lost income will no longer be available to middle class Americans to qualify for mortgages to buy homes or other kinds of property: middle class home buyers stabilize the housing market. Mandated Expensive Private Health Insurance costs will cause more homeowners difficulty paying their mortgage and credit cards.

Historically, fewer home buyers has lowered home selling prices and caused a reduction in property taxes forcing local governments to ask federal agencies for money; increasing federal deficits: stagnate or declining home sales over a long period, like the present, generally have caused higher unemployment in construction, manufacturing and financial institutions dependent on a stable housing market.

Reid should consider the collateral economic damage he may cause to mortgage lenders and Americans by imposing forced private health insurance.

Ross,

Most people legally in the United States (90%) have health insurance and I'm not sure the other 10% would qualify for a mortgage in the next three years even if they wanted too.

I know guys with buckets of money in various investments, some liquid some not, who have perfect credit and THEY are finding it neigh on impossible to get a mortgage!

One of my buddies is asking for smallish mortgage on a home he owns outright and the lenders are saying "no" despite the fact that he has more money in his local credit union account than the size of the mortgage he is seeking- and the mortgage he is seeking is less than 60% of the appraised value of the home!

Until all the cash buyers are out of the market, lenders are just not lending in any substantial way.

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