Tuesday, March 2, 2010

Obama's ALL NEW Health Care Plan

Remember what is at stake! If Obama loses this fight, his entire momentum will be crippled. But, if he passes his bill it will:

* Cut $500 billion from Medicare
* Force rationing of health care
* Raise income taxes to 43% (from 35%) and capital gains taxes to 22.5% (from 15%)
* Force a $2,000 increase in the average health insurance premium
* Force young people to buy insurance they don't need or want that would cost over $8500 per person
* Or...pay 2.5% of their income as a fine for not having insurance
* Or...face prison if they don't do either
* Tax medical devices and many medical procedures

And, in addition to all of the above, it will have an horrific impact on the deficit. Don't listen to Obama's claims to deficit neutrality. The bill will cost $1 trillion over six years and will generate revenues of $1 trillion over ten years. But if you run the projections out to fourteen years, the costs exceed the revenues by over $1 trillion.

These projections do not include about $1 trillion in health insurance premiums or fines that the uninsured will have to pay and about $3 trillion in increased health insurance premiums the rest of us will have to pay.

The Cato Institute estimates that the total cost of this bill over a twenty year period will come to $6.5 trillion.

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