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To: Sully- who wrote (45478)12/20/2001 5:00:00 PM
From: stockman_scott  Read Replies (2) | Respond to of 65232
 
Stimulus plan appears kaput

msnbc.com

<<...WHY THEY COULDN’T AGREE
What blocked agreement between Daschle and the Republicans was the issue of how to pay for medical insurance for the unemployed.
Most Democrats wanted an expansion of the joint state-federal Medicaid program, which pays for medical care for low-income people. But Republicans opposed this idea, saying that cash-strapped state governments could not afford to pay the 25 percent of the cost they’d be required to pay under the law.

Republican leaders proposed a tax credit that would cover about 60 percent of the cost of insurance for unemployed workers. Most Democrats opposed that idea, fearing it might lead to an erosion of employer-based medical insurance.
Democrats contended that the Republican approach would force jobless people to go shopping in the insurance marketplace, where they could be denied coverage for pre-existing conditions or forced to pay high premiums.
Instead, Democrats proposed a subsidy to help laid-off workers afford COBRA insurance policies. COBRA is a law that allows laid-off workers to continue to pay for employer-provided insurance...>>