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Private health insurance rates jump - Herald Sun
 BigPond News | Private health insurance rates jump Herald Sun FAMILIES will be hit with a five per cent increase on their private health insurance bills from April 1. Health Minister Tanya Plibersek announced the average 5.06 per cent increase today, arguing it was the lowest rise in four years. Private health insurance premiums to rise 5.06 per cent Private health cover to rise 5pc Families to pay $150 a year more as government approves 5.06 per cent rise |
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Open Question: Why do all the Republicans candidates (besides Ron Paul) have plans to INCREASE the debt more than Obama?
"The Committee for a Responsible Federal Budget, a group of former members of Congress, former administration officials, budget experts and business leaders of both parties, analyzed each candidate’s agenda under three scenarios – most optimistic, intermediate and most pessimistic, depending on the specificity of the candidates’ proposals. It found that all four men remaining in the Republican race would increase annual budget deficits beyond what is currently projected, under at least one of the scenarios studied.
http://graphics8.nytimes.com/images/2012/02/23/us/politics/23budgetchart-a/23budgetchart-a-blog480.jpg
Over a two-term presidency, Newt Gingrich would increase deficits beyond current projections under all three scenarios, as much as $9.7 trillion, while Mitt Romney and Rick Santorum would increase deficits under two of the three forecasts by trillions of dollars. Ron Paul, with his libertarian small-government agenda, would decrease deficits under two of three scenarios.
The budget group produced a dry, numbers-heavy and non-judgmental assessment in keeping with its nonprofit and nonpartisan status. Still, the findings challenge a central rationale of each Republican’s candidacy – that he would be a better steward of the nation’s fiscal health than President Obama. The Committee will issue its analysis of the president’s agenda later.
Its analysts examined the Republicans’ policy platforms for their impact on the national debt from 2013 through fiscal year 2021, the period covering a two-term administration.
The finding that all four candidates might be expected to add to projected annual deficits reflects the fact that all of them propose additional deep tax cuts for individuals and corporations on top of an extension of the Bush-era tax cuts, which otherwise expire Dec. 31. They also would end estate taxes.
And the tax cuts in most scenarios exceed the deep spending cuts each Republican proposes. All four would repeal the 2010 health care law, which would not save much money since the law includes spending cuts and tax increases to offset expanded insurance coverage. All would shrink federal workforce costs. And they would cut and cap spending for Medicaid and other safety-net programs and turn those programs into block grants to the states.
Following is a summary of the findings for the candidates, in order of highest deficits to lowest.
NEWT GINGRICH: The policies so far espoused by Mr. Gingrich, the former House speaker, would increase deficits by $7 trillion over two terms, under the intermediate projection; that would raise the federal debt – measured against the size of the economy – to a level equivalent to 114 percent of G.D.P. Under the more optimistic forecast, deficits would increase $2.8 trillion (for a debt equal to 97 percent of G.D.P.) and the more pessimistic projection would mean $9.7 trillion in additional deficits (for debt equal to 126 percent of G.D.P.).
Mr. Gingrich would eliminate capital gains and estate taxes, create a flat 15 percent income tax and reduce corporate income taxes. On spending, he would cut most education money and reduce by half more than 100 means-tested programs – among them food stamps, housing assistance and child-care services – and send that money to states as block grants. Mr. Gingrich also would create private retirement accounts from Social Security.
Because the debt would be larger in a Gingrich administration, the government’s interest payments would increase by at least $350 billion and as much as $1.2 trillion.
RICK SANTORUM: A President Santorum would add $4.5 trillion to deficits over two terms, under the intermediate projection, leaving a debt equal to 104 percent of G.D.P. Under the more optimistic projection he would reduce deficits by $2.6 trillion (for a debt of 74 percent of G.D.P.); under the pessimistic scenario, Mr. Santorum would increase deficits by $5.3 trillion (for a debt of 107 percent of G.D.P.).
Additional tax cuts of more than $6 trillion through 2021 would significantly exceed spending cuts under two of the three projections (under the third, more optimistic scenario, Mr. Santorum is given credit for trillions of dollars in spending cuts that he does not specify). Mr. Santorum, a former Pennsylvania senator, would make Medicare a voucher system, reduce Social Security benefits and freeze military spending.
Interest payments on the debt would be $360 billion lower under the optimistic scenario, $740 billion higher under the pessimistic one.
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http://thecaucus.blogs.nytimes.com/2012/02/23/study-finds-mixed-results
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