The Health Care Bill

March 19 2010 No Commented

On Sunday the vote for Health Care Reform will be decided. The bill is expected to pass, but while Democrats try to herd the remaining fence-sitters to vote ‘ay,’ Republicans will vote no, believing that it will cost more money and lessen jobs.  Needless to say, there remains a large partisan divide.

On one hand, the revised bill will bring more people health care – about 32 million, or 10% of the country’s population. It is, however, a sign of big government, as all Americans will now be required to have health care. An increased 3.8% tax on the wealthy will be imposed to make up for the 40% tax implementation in 2018 on high-cost insurance policies. More than $60 billion will be cut from Medicare. The result removes about $500 billion from the budget over the next 10 years. The final estimate by the non partistan Congressional Budget Office is a $940 billion bill.

President Obama delayed his eastern trip until June to ensure the passage of ObamaCare. But if the bill goes through the House, it still has to pass the Senate, where many believe it will be subject to numerous procedural objections. In any event, this version, though drastically cleaner and more transparent than the one from November, still has a long way to go.

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