The sequester is now the new fiscal cliff (all by itself). And of course, the fiscal cliff was the new health care reform. Can we get through a single quarter without some new manufactured crisis? I mean, aren't there enough real ones?

As you already know, unless President Obama and Congress can strike some sort of bargain, the ax will fall on $1.2 trillion in spending over the next decade. Now, my first response is, "You say that like it's a bad thing." Hell, we could probably use more. And I'm sorry but I'm one of those across-the-board kinda guys who are pretty confident government waste isn't confined to any particular department.

But I also understand such Draconian cuts could have a ripple effect that might stall out the economy as a whole when its recovery is blazing along as such a healthy clip. And why is everyone more worried about who's at fault for this mess instead of just fixing it?

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Core and Group Health
Broker Regulation