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Senate health bill costs pegged at $829 billion

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Senate health bill costs pegged at $829 billion

A U.S. Senate Finance Committee health plan would cost $829 billion and cut the budget deficit by $81 billion over 10 years, nonpartisan budget analysts said on Wednesday in a report that could bolster President Barack Obama’s healthcare reform drive.

The preliminary estimate from the Congressional Budget Office also said the bill would reduce the number of uninsured people in the United States by about 29 million by 2019.

The bill would meet Obama’s push for a healthcare plan that does not increase the budget deficit, according to the CBO. The estimate could ease the way for committee approval of the measure in the next week.

“This is another important step forward for health reform,” White House spokesman Reid Cherlin said.

Republicans, saying they were concerned about the bill’s costs and potential impact on the budget deficit, had demanded the estimate before they cast a vote on the proposal to transform the $2.5 trillion healthcare system.

The bill, one of five pending in Congress on Obama’s top domestic priority, would require individuals to have health insurance and would offer subsidies to some people to help pay for it.

Insurers would face stiff new regulations — including a prohibition on rejecting coverage for people due to pre-existing medical conditions — and the bill would impose a tax on higher-cost insurance plans.

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Half of babies born in rich world will live to 100

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Half of babies born in rich world will live to 100

More than half of babies born in rich nations today will live to be 100 years old if current life expectancy trends continue, according to Danish researchers.

Increasing numbers of very old people could pose major challenges for health and social systems, but the research showed that may be mitigated by people not only living longer, but also staying healthier in their latter years.

“Very long lives are not the distant privilege of remote future generations — very long lives are the probable destiny of most people alive now in developed countries,” Kaare Christensen of the Danish Aging Research Center wrote on Friday in a study in the Lancet medical journal.

The study used Germany as a case study and showed that by 2050, its population will be substantially older and smaller than now — a situation it said was now typical of rich nations.

This means smaller workforces in rich nations will have to shoulder an ever-greater burden of ballooning pension and healthcare requirements of the old.

Many governments in developed nations are already making moves toward raising the typical age of retirement to try to cope with aging populations.

The researchers said this was an important strategy, and added that if part-time work was considered for more of the workforce, that could have yet more benefits.

“If people in their 60s and early 70s worked much more than they do nowadays, then most people could work fewer hours per week,” they wrote. “Preliminary evidence suggests that shortened working weeks over extended working lives might further contribute to increases in life expectancy and health.”

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U.S. court reinstates Alaska smoker case versus Altria

U.S. court reinstates Alaska smoker case versus Altria

A U.S. appeals court on Monday reinstated an Alaska lawsuit against Altria Group Inc’s Philip Morris USA by the survivor of a deceased smoker, saying her state product liability claims were not preempted by federal law and should have been tried in state court.

Altria and Philip Morris had argued the state claims could not go forward against them and Alaska Commercial Co, a local retailer, because a victory for plaintiffs Dolores Hunter and the estate of Benjamin G. Francis could result in a ban of cigarette sales in the state.

Francis, a native Alaskan, died at 52 of lung cancer in December of 2004, leaving a 10-year-old son and Hunter, his common law wife, his attorney Don Bauermeister said. Hunter was appointed the personal representative of his estate by a state court.

A lower court agreed the state claims were barred by “congressional intent not to ban the sale of cigarettes” and dismissed the case due to Hunter’s failure to bring a claim under federal law, the opinion by the Ninth U.S. Circuit Court of Appeals said.

But the appeals court ruled that Altria had “failed to establish a clear conflict between Hunter’s claim and federal law” and that U.S. regulatory laws “do not provide strong evidence of a federal policy against more stringent state regulation.”

The court found the case did not belong in federal court and instructed it be remanded to Alaska state court for further proceedings.

Jack Marshall, a spokesman for Philip Morris and Altria, said the companies were disappointed by the appeals court ruling and planned to “defend the case vigorously in state court.”

“It is important to note that the decision addressed only where the case should be tried and does not address the merits of the plaintiff’s claim,” Marshall said.

Bauermeister said his client, Hunter, was “very relieved and excited” about the appeals court ruling that will return the case to the court in the native Alaskan village of Bethel where it was filed. She hopes the lawsuit will “hold (Altria) accountable” not only for Francis’ death, but for high rates of smoking among Alaska’s native peoples, he said.

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