Morning headlines for Monday, July 1
Health-Insurance Costs Set for a Jolt
The Wall Street Journal
U.S. Chamber of Commerce
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Healthy consumers could see insurance rates double or even triple when they look for individual coverage under the federal health law later this year, while the premiums paid by sicker people are set to become more affordable, according to a Wall Street Journal analysis of coverage to be sold on the law's new exchanges.
U.S. Chamber of Commerce
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U.S. Chamber of Commerce
How Next Debt-Ceiling Fight Could Play Out
The Wall Street Journal
U.S. Chamber of Commerce
The Wall Street Journal considers several scenarios for how the next debt ceiling debate could play out. The first possibility is that lawmakers reach a deal later this year. The Journal puts the chances of this occurring at 10%. The second possibility is that lawmakers do not reach a deal and Treasury runs out of funds to pay its bills, disrupting financial markets and damaging the economy. The Journal says the chances of this scenario occurring are 25%. Finally, lawmakers could reach a small deal, putting off the difficult decisions for a later date. The Journal sees a 65% chance that this scenario will occur.
U.S. Chamber of Commerce
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U.S. Chamber of Commerce
Chamber's Donohue Comments On Trial Lawyers' Exploitation
Examiner
U.S. Chamber of Commerce
In commentary for this week’s Examiner Chamber President Thomas J. Donohue writes that the BP settlement claims show how trial lawyers “are exploiting the situation to line their own pockets.” With the opportunity for false allegations, “the result is that thousands of claimants that suffered no losses are coming forward, obtaining outrageous windfalls and making a mockery of what was intended to be a fair and honest settlement process.” He claims the actions of the lawyers behind the push “besmirch the dedicated efforts of Gulf residents who are helping the region come back strong.”
U.S. Chamber of Commerce
