UBS analyst Justin Lake says the odds are 60/40 in favor of the enactment of the Senate healthcare reform bill with certain changes made through a budget reconciliation process. Lake says that House Speaker Nancy Pelosi (D-CA) is building momentum to win the votes necessary to pass the Senate bill in the House. While she’s not there yet, Lake says, “The power of the Presidency; the power and respect that Pelosi commands with most of her Democrats; and the power of being the majority party and being able to manipulate the rules of the game — all argue that the Democrats will get it done.”
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