Four nationally known elder law attorneys will present a free webinar on the new legislative and legal landscape followi...Read more
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
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...