In comparison, a 10% increase in income will lead to a 4.39% increase in WTP for baseline BHI and a 4.69% increase in WTP for BHI without ceiling.
A 10% increase in past health expenditure leads to 0.76% increase in WTP for baseline BHI and to a 1.39% increase in WTP for BHI without ceiling.
That plan would allow a debt ceiling increase without the approval of Congress, in effect, but also without the guarantees of deep spending cuts that Republicans wanted in tandem.
Mr. Boehner stood by his position at the White House, an aide said, telling the president that "as long as I'm around here, I'm not going to allow a debt ceiling increase without doing something serious about the debt".
The speaker of the House, John A. Boehner of Ohio, foreshadowed another battle over the debt ceiling this week, telling President Obama on Wednesday, "As long as I'm around here, I'm not going to allow a debt ceiling increase without doing something serious about the debt".
Meanwhile, some members of the party -- even from its conservative wing -- have said the GOP should just pass a so-called "clean" debt ceiling increase -- without any concessions from the White House -- because, they say, that's likely to be the outcome anyway.
Obama had two in this case: to get Republicans to vote for a debt ceiling increase without eviscerating government safety net programs and to force them to approve a large enough increase to cover the remainder of his term.
The party's leader in the Senate, Mitch McConnell, has aired a convoluted last-ditch plan that would avert a default by letting Mr Obama increase the ceiling even without a spending agreement between the parties, provided he makes cuts of the same size.
The Republicans again made it clear last night that Mr Obama's request that Congress approve a so-called "clean" bill to approve the debt-ceiling increase, without conditions on further draconian spending cuts and other policy measures – for example on women's reproductive health – is a non-starter.
According to a readout of the meeting from Boehner's office, the president made it clear that he wanted a debt-ceiling increase without any attached spending cuts.
