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More Subsidy-Blogging Needed?

By Matthew Yglesias on November 14, 2009 at 11:28 am

"More Subsidy-Blogging Needed?"


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Kevin Drum says:

I sure wish that overall subsidy levels in the current healthcare bills produced the same kind of uproar as abortion and the public option. In terms of real-world effect on real-world people, subsidies are the biggest issue by a mile. But not a very sexy issue, apparently. That’s too bad.

Three points on this. One is just that the White House undercut efforts to organize around really generous subsidies by setting a $900 billion overall price tag during his big congressional speech. Another is that moderate Democrats by-and-large seem to have accepted this number, and not seriously pushed for a $600 billion bill or whatever. So there’s a certain amount of fatalism.

Last, I think most people see subsidies as the kind of thing that’s relatively likely to be tinkered with and revisited in the future. If a public option isn’t enacted in 2009, it’s not going to arrive in 2015. The subsidies, by contrast, are bound to be tweaked.

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