This week on Off the Charts, we focused on the government shutdown−debt limit crisis and health reform and noted the death of former House Speaker Tom Foley.
On Tom Foley’s passing, Robert Greenstein recalled the former Speaker’s accomplishments and leadership qualities.
On the government shutdown−debt limit crisis, we highlighted Robert Greenstein’s statement on the agreement that ended the crisis. Chad Stone explained that the political dysfunction resulting from the recent string of budget crises is taking a toll on the economy. Chuck Marr noted that a proposal floated during the budget crisis — to “pay for” repealing part of the sequestration budget cuts with a corporate tax holiday — actually would cost billions of dollars a year.
On health reform, Judy Solomon explained that the deal to reopen the government and raise the debt limit doesn’t change the procedures for verifying applicants’ eligibility for health insurance subsidies. Paul Van de Water debunked five claims about health reform’s medical device tax and highlighted a New York Times op-ed on ways to lower the cost of medical devices. He also pointed out that health reform’s Independent Payment Advisory Board provides an important backstop to health reform’s other cost control measures.