The high cost of healthcare and 6 million uninsured have set the stage for next year's major battle in Sacramento. Early skirmish as the Capitol waits for Governor Schwarzenegger to weigh in. Plus, Councilwoman Hahn response to the firing of a dozen hotel workers just before LA's living wage law takes effect, and will Chandler family have to buy back the LA Times?
FROM THIS EPISODE
Today's Daily News reports that Los Angeles City Hall is outraged over the firing of a dozen workers by new owners of the Four Points Sheraton Hotel, near Los Angeles International Airport. On December 30, the Four Points will be one of the hotels covered by a new living wage ordinance passed by the City Council.
What costs billions of dollars a year and has something for everybody to hate? Almost any plan for reforming healthcare in California. Governor Schwarzenegger and the Democrats, doctors and hospitals, consumer groups and insurance companies are just some of the players with different ideas about healthcare reform. The first salvo in next year's political shooting match comes from Senate Democrats led by President Pro Tem Don Perata. His plan would mandate that companies cover their employees, and those that did not would have to contribute--along with their workers--to a fund administered by a state agency. Assembly Democrats will be next and Governor Schwarzenegger has plans to make good on a campaign promise. We learn what's proposed and what might be possible.
Today's New York Times has more details on a story that could impact the Los Angeles Times, once owned by the Chandler family and now the largest shareholder in the Tribune Company of Chicago. Tribune has put the LA Times and other assets up for auction, but there hasn't been very much interest, so the Chandlers might be forming a consortium to buy some of those assets or to start a bidding war.
Andrew Ross Sorkin, Mergers and Acquisitions Reporter, New York Times
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