Healthcare Taxes To Be Announced

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According to today, Ways and Means Committee Chairman Charles Rangel has announced that the health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid,  The measure's cost is reaching well beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes.  According to the article:

"Asked whether the cost of a health-care overhaul would be more than $1 trillion over a decade, Rangel said, "the answer is yes." Some Senate Republicans, including Senator Orrin Hatch of Utah, say the costs will likely exceed $1.5 trillion."

The healthcare legislation that the Democrats are putting together would require all Americans to have health insurance, prohibit insurers from refusing to cover pre-existing conditions and place other restrictions on the industry.

The article concludes:

"Rangel said that while House Democrats will likely release more details about health policy changes in their legislation next week, the package of offsetting tax increases and spending cuts likely will come later. Democrats, he said, want to put forth the more-positive aspects of an overhaul first. Rangel also wants to let lawmakers have time to study and weigh in on proposed offsets.

"We have a problem in not wanting to attract enough negative attention to the bill in terms of the pay-fors," he said. "Let them get a good feel for the coverage.""

National healthcare is not a good idea.  The government is not known for its efficiency or its fairness.  National healthcare will result in rationing.  Senior citizens and people with any sort of ongoing medical condition will not have access to the quality of care that they have access to today.  National healthcare with its government controlled pricing structure will also seriously slow down medical research.  If we accept national healthcare, we will be trading the Cadillac of healthcare for a yugo.  That is not a good idea. 

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This page contains a single entry by Granny G published on June 12, 2009 8:19 PM.

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