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Here’s a quick wrap-up of today’s health care news. Notwithstanding Rep. Joe Wilson’s (R-S.C.) infamous outburst, President Obama’s big speech Wednesday

Jul 31, 2020
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Here’s a quick wrap-up of today’s health care news.
Notwithstanding Rep. Joe Wilson’s (R-S.C.) infamous outburst, President Obama’s big speech Wednesday before both houses of Congress appears to have been a success — at least for now. According to several recent polls, support for health care reform is enjoying a bit of a bounce, ranging from a one-point increase in the number of people who approve of Obama’s handling of health care in a Washington Post/ABC pollto a whopping 12-point bump in the newest CBS/New York Times survey. Perhaps most surprising, Rasmussen Reports— a public opinion firm favored by the Republican Party— found a healthy seven-point rise in support for health care reform following Obama’s address.
Over the weekend, Sen. Tom Harkin (D-Iowa) — Sen. Ted Kennedy’s replacement as the chair of the Senate Health, Education, Labor and Pensions Committee — boldly predictedthat Congress would pass a health care bill by Christmas, and it would contain a public option — a government-run insurance plan to compete with private insurers. “Mark my word — I’m the chairman — it’s going to have a strong public option,” he said. But Susan Collins (R-Maine), a key swing senator who some expected to follow the lead of her colleague Sen. Olympia Snowe (R-Maine), backed further away from the public option yesterday when she rejected a triggerthat would allow a delayed implementation of the public option if insurance companies don’t meet cost and coverage mandates. Meanwhile, Snowe reiteratedher opposition to an immediate public option, although she remains open to a co-opsolution.
For their part, according to a new study by the Robert Wood Johnson Foundation published in the New England Journal of Medicine, a sizable majority of the nation’s doctors favor the inclusion of a public optionin a health care reform package.
This post has been updated for clarity.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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