According to Bloomberg.com 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
"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
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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