It has been a busy week for both the Centrist Project and Washington. On Monday Charlie Wheelan was on C-SPAN's Washington Journal, followed up by meetings with Independent Senate Candidate Larry Pressler, and Roll Call's Book Club. On top of this, on Thursday the House passed the most recent iteration of the Ryan Budget, with the most Republican no-votes in recent history.
Our Meeting With Larry Pressler: Larry Pressler is an excellent Independent candidate running for open seat of retiring Democrat Tim Johnson of South Dakota. On Monday, Charlie had a great series of meetings with Pressler, who then attended Charlie's Roll Call Book Club event. Here is Charlie (center) with Larry Pressler (left) and Roll Call Editor Jason Dick (right).
The Republicans Who Said No: On Thursday the latest iteration of Paul Ryan's budget was passed by the House, and this year saw more Republicans than ever vote against the Ryan Budget. Learn who these Republicans are and why they said no in this article from Roll Call.
The Lighter Side: Watch out D.C., Stephen Colbert is getting a new megaphone. This week CBS announced that Stephen Colbert will be replacing the retiring David Letterman, bringing his trademark acerbic wit to "The Late Show" next year. This light-hearted article from Politico explains why Washington D.C. should take notice.
Our Tweet Of The Week comes from Senator Angus King: "I've never seen a piece of legislation that was perfect and I think the public wants us to fix the ACA - not repeal it."
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We cannot know how young people will respond to the tax penalty after this year or next year. People do respond to economic incentives and my guess is that over time more of the young will come inside the fold, reluctantly or not. And, we still cannot yet tell what will happen to insurance rates, especially if the demographic mix changes when more of the young come in (assuming they at all). Insurance companies still cannot tell what their all-important profits will be. Therefore, we cannot now tell how insurance companies will adjust rates. If memory serves, they are allowed to get a return of up to 20%. Maybe in the first year or two reality will adjust to insurance premiums upward, downward or leave them about the same.
Anyone who claims to know how this will play out is, plain and simple, wrong. The ACA is far too big and complex for any ideologue on the left or right or any special interest to know how it will play out. People arguing otherwise are blowing rancid smoke in service of their own personal interests, not the public interest.