Tag: General Assembly
We would hope legislators would now focus on working with the Administration to help southwest Virginia communities shift away from their unhealthy dependence on coal mining and instead develop new, cleaner industries. The tens of millions of dollars that have been spent annually on coal subsidies could be much better directed to job diversification efforts. Unfortunately, legislators representing coal companies-that is to say, coal counties-have already vowed to reintroduce bills next year to keep the taxpayer largesse flowing. They have time; the subsidies won't actually expire until January 1, 2017.
It's been 20 years since Virginia began subsidizing coal mining via these two tax credits, bleeding the state treasury of more than $500 million in all. And it's been three years since the Joint Legislative Audit and Review Committee (JLARC) issued a critique of the various Virginia tax credits that included an especially harsh assessment of the handouts to coal companies. Yet instead of canceling the credits in light of the report, the General Assembly promptly extended them. Even Governor McAuliffe didn't actually try to end them completely this year. Legislators rejected his efforts simply to scale them back, leading to this veto.
So if we didn't get jobs for our $500 million, what did we gat? Most of the money has gone to enrich coal companies, but a portion went to fund the Virginia Coalfields Economic Development Authority (VACEDA). VACEDA's board includes coal executives, a fact which has served to intensify rather than lessen coal's hold on the area.
Millions and millions and millions of your federal tax dollars have been flushed down the Potomac only to be harvested by wiser state legislatures. What could have been a catalyst for not only broad medical service sector growth but also the survival of rural medical clinics and hospitals was set aside for base political posturing. This should have been a simple financial decision. Instead it was a cynical sacrifice of their voiceless, powerless constituents for the protection of their own political hides.
Let's consider the costs because they are not limited to those dollars passed on to other states. Some number amounting to just under 5% of Virginians are without healthcare coverage because Medicaid expansion has been denied. That doesn't mean they go without healthcare. In many cases it means they go without healthcare until there is a crisis and then an emergency room visit and expensive procedure are required. Who pays for that? You can make up all kinds of voodoo financial and economic formulas but the costs get passed to those who are covered in increased insurance premiums and/or copays and/or deductibles. And maybe more importantly, in scarcer medical service resources. Visit an emergency room for the Republican version of healthcare delivery in the unregulated free market. They simply don't understand that the risk pool is the risk pool. No one in America is denied care in an emergency and those emergencies are exponentially more costly than preventive care. Republican denial of coverage poisons the well that feeds the pool. Welcome to the Teapublican Utopia.
On the other hand, some number amounting to just under 5% of Virginians now have healthcare insurance through the Federal Marketplace established by the Patient Protection and Affordable Care Act. That hasn't solved every problem but it goes a long way in that direction. While some are subsidized, these policies are not some government giveaway. They are a way Americans can take responsibility for their financial exposure. Republicans talk about individual responsibility in a vacuum. They like to preach about it but don't want to facilitate it. The fact is that 60% of bankruptcies in the United States involve medical indebtedness. Healthcare insurance builds a firewall between personal financial survival and insolvency leading to financial disaster.