By REED ABELSON
Arguing that the political winds are shifting away from the support necessary for an overhaul, one Wall Street analyst is now predicting Congress will not pass any significant health care legislation anytime soon.
In a report to investors on Tuesday, Richard Evans, an analyst with Sector & Sovereign in New York, writes, “We no longer expect Congress to pass impactful health reform legislation this year, or even in this political cycle.”
Mr. Evans cites several factors that he believes makes passage less and less likely, including the increasing public opposition to the overhaul, as well as the emergence of politically divisive issues like abortion and immigration in the debate over the legislation’s specifics.
He also notes that the House and the Senate take very different views on how the overhaul should be paid for, with the House favoring a tax on the wealthy, and the Senate preferring a tax on the most generous insurance policies, the so-called Cadillac plans.
http://prescriptions.blogs.nytimes.com/2009/11/17/analyst-doubts-health-overhaul-can-pass/