Page 3 - Freedom Hub News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Madam and her Wards – The Island
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Proposed Plantation University and its economic benefits
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Crossmatch: A moral mirror
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Former Finance Minister Mangala Samaraweera yesterday said that the country’s national income had declined by about LKR 600 billion, the lowest revenue recorded in the last seven decades, was recorded in 2020.
Addressing the media at the Freedom Hub in Colombo yesterday to launch a new organisation called ‘True Patriots’, the ex-Finance Minister said that the largest budget deficit since 1988 had been recorded in 2020.
“Last year, the Central Bank had to print the largest amount of money in a single year to cover the growing budget deficit. In addition, the amount of new loans obtained by the government for the year 2020 alone has increased by another Lankan Rs 2 trillion,” he said.
President of the Galen Institute U.S. President Biden, out of frame, meets with labor union leaders in the Oval Office on February 17, 2021 in Washington, D.C. to discuss his $1.9 trillion economic stimulus plan. Pete Marovich-Pool / Getty Images
Key Takeaways
Instead of addressing Obamacare’s many flaws and costly mandates, the Democrats’ misguided proposal simply throws more money at insurance companies.
The economic dislocation caused by COVID-19 did not appear to have had a significant adverse effect on health insurance coverage.
Congress should pursue policies that reduce health costs and expand access to care and health care choices by eliminating cost-increasing government mandates.