WASHINGTON — The Senate Finance Committee approved its health care reform package Tuesday, advancing President Obama’s signature issue and providing momentum for an historical debate and vote in Congress this year.
The last of five congressional committees to consider and approve a health care proposal, the finance committee passed a $829 billion, 10-year health care reform bill on a 14-to-9 vote, completing more than five months of intense bipartisan negotiations and moving the debate into the next phase.
Following passage in the last committee, retailers redoubled their lobbying push against onerous employer mandates for health insurance coverage, as Democratic leaders shifted into high gear to bring sweeping reform legislation to a vote in the House and Senate.
Considered the only committee capable of crafting a bipartisan compromise, the finance committee secured a “yes” vote from moderate Republican Sen. Olympia Snowe of Maine, widely seen as a victory by Democratic leaders because three House committees and a second Senate committee failed to garner a single Republican vote.
“Ours is a balanced plan that can pass the Senate,” said Sen. Max Baucus (D., Mont.), chairman of the committee.
Baucus said the measure would reduce the deficit by $81 billion over 10 years, according to a Congressional Budget Office estimate, control health care spending “in the long run” and expand coverage from 83 percent of all Americans to 94 percent.
Senate Majority Leader Harry Reid (D., Nev.) and House Speaker Nancy Pelosi (D., Calif.) now face the difficult task of melding their bills — three committee measures in the House and two in the Senate — while negotiating with the White House and holding their fractious caucuses together to get Obama’s top domestic agenda item over the finish line.
Even Snowe warned Tuesday that her “vote today is my vote today, it doesn’t forecast what my vote will be tomorrow.” She voiced concerns that the final Senate legislation will be vastly different from the more moderate finance bill.
The two bills in the Senate and three in the House must be reconciled into one piece of legislation in each chamber. If both measures pass, a single compromise bill would then need to be crafted and brought back to the House and Senate for final passage. Obama would presumably put his stamp of approval on a bill approved by a Democratic-led Congress before he signs it.
Speaking in the White House Rose Garden, Obama said, “This bill is not perfect.…There are still significant details and disagreements that need to be worked out over the next several weeks.…I do believe the work of the Senate Finance Committee has brought us significantly closer to achieving the core objectives I laid out in early September. Most importantly, this bill goes a long way toward offering security to those who have insurance and affordable options for those who don’t.”
Employer mandates have pitted Wal-Mart Stores Inc. against a large swath of the retail industry. Most retailers, including the National Retail Federation, oppose Wal-Mart’s support of the concept of employer mandates.
While the NRF and the Retail Industry Leaders Association, of which Wal-Mart is a member, said the employer requirements in the finance proposal were a marked improvement over other committee bills, officials from both groups voiced concern the merger of the five committee bills would lead to more onerous mandates.
John Emling, senior vice president of government affairs at RILA, said, “The finance committee mark held out the most promise for us, but this is just one step in the process. Everyone is asking what the product taken to the Senate floor will look like.”
The Senate finance bill would require companies that don’t offer full-time workers health insurance to pay a government fee to help subsidize workers who are eligible to apply for federal tax credits.
“Our concern is that the five bills in Congress have all missed the mark of short-term and long-term cost reductions for private plans, which are employer plans predominantly,” said Neil Trautwein, vice president and employee benefits policy counsel for the NRF. “If costs continue to go up as we expect…then it becomes a difficult choice for retailers and other employers in terms of whether they can continue to offer the extent of benefits that they do or whether they will have to reduce benefits to the extent they are able to in the new regime or whether they hire fewer full-time, part-time and seasonal employees.”
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)