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The Election Results: News Analysis
- November 6th, 2002
For the first time in 50 years, the Republican party has control of the White House, House and Senate. The election's outcome greatly increases the Bush administration's chances of advancing its agenda, which includes more privatization of the Medicare program, partial privatization of Social Security, repeal of the estate tax, and limits on medical malpractice awards.
While Sen. Charles Grassley (R-Iowa), who will become chair of the Senate Finance Committee, has said he would like to work on a Medicare drug benefit, proposed legislation is likely to be similar to the limited drug benefit bill the House passed in June, which contained large gaps in coverage. Private insurance companies, not Medicare, will likely run any benefit program that is enacted. President Bush also can be expected to move forward with his promise to 'overhaul' Medicare by bringing "more private-sector competition" to the program.
Legislation to curb lawsuits, particularly limits on how much victims can recover in cases of medical malpractice, is likely to be introduced and passed.
Republicans are expected to arrange a quick vote to speed up the repeal of the estate tax, a move that will assist the wealthiest sliver of the population while depriving the nation of more than $20 billion in revenues.
Finally, Social Security reform advocates say they have been promised an all-out push from the White House to enact proposals that would divert some of the Social Security payroll tax into personal accounts that could be invested in the stock market.
To read an article in the Washington Post on the administration's legislative agenda, click here.
Local Elder Law Attorneys in Ashburn, VA
Needham Mitnick & Pollack, PLC
Susan Pollack served as Chairperson of the Falls Church Senior Citizens Commission from 1997 to 2011 and was on the Executive Board of the Falls Church Education Foundation. She has also served on the Board of Directors of the Alzheimer’s Association of the National Capital Area and is a member of the Arlington B...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...