RJ and Makay

Repealing the new U.S. health care reform law enacted last year wouldn't save money. It would actually add $210 billion to the nation's deficit over the next decade, the Congressional Budget Office (CBO) estimates.

A major step in the repeal process, which may or may not be successful, was a House of Representatives measure last month aimed at eliminating a number of provisions designed to reduce federal health care costs and stripping out new revenue-creating taxes and fees. Neither the Senate nor the President Obama support the repeal of health care reform.

The House of Representatives joined the Senate yesterday in approving a one-year reauthorization of the nation's flood insurance program, according to an article published on InsuranceJournal.com. If Congress had not acted, the program would have expired on Sept. 30.

The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. The measure now goes to President Obama for his signature.

The vote leaves for the future any reforms of the program, which is $18 billion in debt.