Tuesday, July 19, 2011

Update on Debt Negotiations

It does appear that there is fairly widespread support for the bipartisan Gang of Six's compromise. However, new information states that the plan involves up to $100 billion in health care cuts, including cuts to Medicare and Medicaid. I cannot find anything more specific than that. It also would eliminate the CLASS Act, which was a long-term care insurance plan that was part of the health reform legislation.

I have a feeling this may be the path to a resolution -- and I have a feeling I'm not going to like it one bit. Jennifer

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