Americas Future
Healthy Choice Act:
The next health care
bill.
The Senate is now
working on their
final health care
bill. This is the
bill started by a bi
partisan group, but
finished by the
Democrats alone. It
is known as the
"America's Future
Healthy Choice Act".The
current bill has
just been released
for the public to
see. It is still in
committee and is
subject to change
but here are some of
the highlights.:
Price: $800 to $900
Billion over 10
years.
NO public option but
a network of
non-profit co-ops to
compete with private
insurers.
Penalties of up
to $3800 for not
having insurance.
Failure to pay this
fine would result in
a $25,000 fine and
up to 1 year in
prison.
Tax increases would
raise $215 billion
over 10 years with a
35% excise tax on
"gold-plated"
insurance plans. The
levy, which targets
insurers, would tax
the value of plans
above $8,000 for
individuals and
$21,000 for
families.
Insurers, drug
makers,
medical-device
makers and clinical
laboratories would
all pay new annual
fees based on market
share. The Joint
Committee on
Taxation estimated
those would bring in
$93 billion over a
decade.
Click
HERE
for a summery of the
current Senate Bill
Federal Reserve
Transparency Act of
2009
There are currently
2 Bills working
their way through
Congress regarding
the Federal Reserve
and opening up their
books. They are
House Bill HR1207
and Senate Bill
S604. Click the
links below to
download the bills
HR1207
and
S604
The following
summary was written
by the Congressional
Research Service, a
well-respected
nonpartisan arm of
the Library of
Congress.
2/26/2009--Introduced.
Federal
Reserve
Transparency
Act of 2009
- Repeals
the
authority of
the
Comptroller
General to
carry out an
onsite
examination
of an open
insured bank
or bank
holding
company only
if the
appropriate
federal
regulatory
agency has
consented in
writing.
(Retains the
authority of
the
Comptroller
General to
audit a
federal
agency.)
Directs the
Comptroller
General to
complete,
before the
end of 2010,
an audit of
the Board of
Governors of
the Federal
Reserve
System and
of the
federal
reserve
banks,
followed by
a detailed
report to
Congress.