Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Archive

A 9/11 Health Bill Deal is 'Christmas Miracle'

December 23, 2010

Sick Ground Zero workers, responders and nearby NYC residents are hailing legislation that will provide, for the first time, long-term comprehensive health care for those who became sick from the toxic debris pile of the collapsed World Trade Center, and will create a victims-compensation program.  

The measure was passed in the Senate by a voice vote, came soon after a deal was reached between conservative Republicans and Senators Charles Schumer and Kirsten Gillibrand (D-NY).  The new version of the bill calls for providing $1.8 billion over the next 5 years to monitor and treat injuries stemming from exposure to toxic dust and debris at Ground Zero;  New York City would pay 10% of these costs.  The legislation also sets aside $2.5 billion to reopen the September 11th Victim Compensation Fund for 5 years to provide payment for job and economic losses.  An earlier compensation program closed in 2003, before many illnesses blamed on Ground Zero work, such as cancer and lung disease, developed.

The bill also changed the method of paying for the program, removing a tax on foreign corporations and instead imposing a fee on companies in certain companies that sell goods and services to the U.S. government overseas.  The House of Representatives quickly approved the legislation and sent it to President Obama for his signature.

There are nearly 60,000 people enrolled in health-monitoring and treatment programs related to the 9/11 attacks, according to the bill’s sponsors.  The federal government provides the bulk of the funding for these programs.  There are also 10,000 rescue and cleanup workers who recently reached a settlement with New York - eligible claimants now will be able to receive money from the Compensation Fund, in additional to any payments they may receive under the settlement.  Currently, those who receive a settlement are limited in how much compensation they can get from the fund.   [NYT Dealbook, 12/22;  WSJournal, 12/23]