Tuesday, October 27, 2009

Doctors are not a systemic risk

President Obama proposes giving every senior citizen in America a $250 bonus check because, gasp!, they will not get an increase in their Social Security checks due to lack of inflation.

Congress wants to extend the $8000 first time home buyers tax credit into next year, possibly including all home buyers.

Legislation is likely to be approved to extend unemployment benefits for another 20 weeks for the long term unemployed.

There is not a single major medical tort reform legislation in the works during this health care reform debate.

GMAC is likely to get another $2.8 billion to $5.6 billion from the government because it can't stay solvent and nobody would be able to buy the GM cars the government is manufacturing for the benefit of the UAW without it.

The health insurance companies are likely to get millions of new subscribers as everyone will be required to have health insurance under the health reform bills.

Doctors will face a 21% cut in Medicare reimbursements next year because Congress doesn't think losing access to physicians poses a systemic risk to our country.

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