California Governor Arnold Schwarzenegger’s multibillion dollar health care plan was rejected as too expensive by the California State Senate’s Health Committee, putting him to the left of even that predominantly Democratic body.
The Schwarzenegger plan would dramatically increase the role of the state in the health care system, relying on tax increases and manipulation of the federal Medicaid system to increase federal subsidies.
Like many proposals to expand states’ role in health care, the Schwarzenegger plan probably violated the federal ERISA law through its employer mandates. That doesn’t seem to have been a big factor in the State Senate’s decision, though.
Nor does the fact that the Schwarzenegger plan would have covered illegal immigrants. That infuriated people on talk radio, but seems to have had little effect on the legislature.
The United States of America is experiencing huge crisis. One of the affected part is California Thousands of homes that were destroyed in the Southern California wildfires. This, along with the downturn in the national economy is adversely affecting the state's budget. The collapse of the housing bubble is also having an enormous impact on California's revenue from property taxes. Then there are the losses of both industrial output and jobs. All of this leads towards a recipe for disaster in the most populous state in the union. The state budget of California is already running a several billion dollar deficit, and, if something doesn't change, is set to hit over $11 billion by the year's end and may even balloon to up to almost $30 billion by summer next year. Governor Schwarzenegger, it has been reported, has called legislators into a budget meeting to slash spending and increase taxes. Gov. Schwarzenegger admonishes lawmakers for not only failing to act in a timely fashion, but also tells them that they had best get something done about this quickly. If you are stuck in a shortage due to an emergency expense, you also need to act quickly with payday loans. Click to read more on <a title="Installment Loans Helped Me Make The Grade" rev="vote-for" href="http://personalmoneystore.com/moneyblog/installment-loans-helped-me-make-the-grade/" rel="nofollow">Installment Loans.
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