The 1,990-page Democratic health care bill, expected to reach the House floor this week, suffers all the predictable failings that result from its true intent: to initiate a central government takeover of the health sector – one-sixth of the U.S. economy and one of the most valued and personal services Americans have. The bill is a costly behemoth that does the following:
- Launches a government takeover of health care that inevitably will increase costs, force rationing of medical care, or both.
- Creates a new $1.3-trillion health entitlement that will cost more than advertised, worsen the Nation’s unsustainable fiscal situation, and drive State governments deeper into the red.
- Imposes heavy taxes and fees on both individuals and businesses, including a burdensome “play-or-pay” tax on businesses that cannot obtain affordable employee coverage.
- Increases the long-term budget deficit, which already is projected to remain at record levels during the next 10 years.
- Makes no sense economically.
- Results in putting upward pressure on health care costs, instead of bringing down costs as promised.
Read the full report here.