ARRA News Service -Yesterday, House Speaker Nancy Pelosi and other House democrats rolled out their health care plan called "America’s Affordable Health Choices." Part of their plan would force employers to offer workers health coverage or face severe fines. Also it would forcw individuals to participate in a health insurance plan or face penalties that would generally vary with their income level. Maybe it should have been called "Criminalizing of America's Health Care" or the "Destroy Individual Choices in Health Care."
The Heritage Foundation is reporting the cost of the bill at $1.3 Trillion. The bill is 1,018 pages and comes to $1.264 billion per page. It even includes universal abortion coverage at taxpayer expense. The Congressional Budget Office, not a conservative "right minded" think-tank, reported that the health care reform plan proposed by House Democrats on Tuesday will add more than $1 trillion ($1,042 billion) to the national federal budget deficit over 10 years (2010–2019) . And, this is only their preliminary estimate of the damage.
The CBO report states that its cost estimates are not comprehensive. They are only preliminary as administrative and other costs are not yet projected. Heritage advises, "But even this analysis understates the true costs of the bill. The CBO only scores bills on a ten-year time frame, and House Democrats have designed their bill to obscure the catastrophic long-term fiscal path on which it places our country."
Heritage identifies that according to the CBO, the cost for the first four years is just $84 billion, but then it accelerates sharply. By 2019, the new entitlement is set to cost American taxpayers $254 billion. So while many Americans may look at the $1.3 trillion price tag over ten years and conclude the plan will cost $130 billion a year, in reality it will cost nearly double that. By backloading all the spending, the House is hiding the true cost of their plan from the American people. Between 2018 and 2019, federal costs for the new entitlement and the enlargement of Medicaid would increase by a combined 8.9%.
Last week CNS News reported that Rep. Charlie Rangel (D-NY) introduced legislation calling for a $540-billion tax hike to pay for the health plan that President Barack Obama insists will be “deficit neutral.” This tax is a new surtax on households earning $350,000 and above. It starts at 1%, bumping up to 1.5% at $500,000 in income and to 5.4% at $1 million. Since many small business owners fall within this income range, this surtax will also be a huge job killer.
The Washington Post writes: [T]here is no case to be made for the House Democratic majority’s proposal to fund health-care legislation through an ad hoc income tax surcharge for top-earning households. …There is simply no way to close the gap by taxing a handful of high earners. … Pretending that “the rich” alone can fund government, let alone the kind of activist government that the president and Congress envision, is bad policy any way you look at it.
Summary: President Obama, Democrats in Congress, powerful special interests and influential lobbyists are hard at work in Washington, D.C. trying to drastically change our current health care system. They are seeking to replace it with a "nationalized health care " system where the politicians and government officials will dictate the kind of medical services you and your family receive and the rules under which you access care and coverage. Read : Patients First - Vote No on Government Run Health Care and then take action.