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Health Care Reform Cheat Sheet #2: Just Vote Already!


This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.



Anyone else tired of this nonsense? The name-calling, the endless talking, the procedural hang-ups - all of it! Yes, I appreciate the process and all, but health care reform has been tortuous. Hey, all of you poor, overworked legislators - JUST VOTE ALREADY!

(CBS/iStockphoto)


I remember when an Early Show producer said to me, "I don't know how we're going to do this, but we have to make the health care debate seem interesting and easy to digest." Fat chance! The best I could do was create a health care reform cheat sheet, which at the time only reflected the House health care bill.

Now that we have the 2,000 page Senate health care bill, here are some more factors to consider:

Tanners are screwed: I love this particular addition to the Senate version because the plastic surgeons say that everyone agrees that tanning is bad for you, while imposing extra charges for elective plastic surgical procedures (the so-called "Bo-tax") would be unfair, because we all know that nose jobs are very good for you.
No public plan: Although the pain is felt loud and clear by my fellow bloggers at HuffPo, it's obvious that there will be no government plan to compete with private insurers. Blame/credit for the vaporization of the public plan goes to CT Senator Joe Lieberman, aka the crankiest man in DC.
Abortion: Senate plan requires people who receive subsidies to make two separate monthly premium payments: one for all insurance coverage except abortion and one for abortion coverage. Nebraska Senator Ben Nelson believes that if a woman had to write two checks, she may not choose to have an abortion.
Paying for Health Care: Here's where things could get interesting in the House-Senate reconciliation process. Both plans rely on Medicare cuts, taxes on industry and employer mandates to raise some cash. But there's a big difference between the two plans when it comes to funding the other half of the nearly trillion dollar cost.

•The House plan would impose a tax on rich people (defined as couples earning more than $1 million and individuals earning more than $500,000)
•The Senate plan would tax "Cadillac Plans" (those that provide more than $8,500 for individual coverage and $23,000 for families) and would increase Medicare payroll tax to 2.35% from 1.45% for couples with AGI of more than $250,000 and individuals over $200,000.

Usually I'm eager for Christmas Eve day because it means a happy family time filled with lots of delicious food is near. This year, there's an extra bonus: I'm that much closer to writing the final version of the health care cheat sheet!

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(CBS)
Jill Schlesinger is the Editor-at-Large for CBS MoneyWatch.com. Prior to the launch of MoneyWatch, she was the Chief Investment Officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.
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    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.