WASHINGTON (Reuters) - The U.S. healthcare bill promises benefits now and delays the payback until later, a politically savvy short-term move that may have long-run economic repercussions.
Critics' complaints that the measure will impose crushing costs on an economy still struggling to gain momentum look overblown considering most of the tax increases kick in well after 2012. Likewise, proponents' predictions that this reform will curb the U.S. deficit appear overly optimistic.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!