Congress clears historic health care bill. AP/Yahoo.
The House and Senate, in their demonic pursuit of crafting health care legislation at the behest of a community organizer voted in as President, have marked history with a sweeping bill that will affect 17% of the Gross National Product. This despite the persistent attempts by opponents (Democrats, independents, and Republicans) to bring rational thinking about the massive impact on America.
Particularly, the taxpayers who will shoulder the costs with increased costs in services and/or taxes, and Medicare beneficiaries, who will have their services cut.
Republicans readily agreed the bill would affect everyone in America, but warned repeatedly of the burden imposed by more than $900 billion in tax increases and Medicare cuts combined.
“We have failed to listen to America,” said Rep. John Boehner of Ohio, leader of a party that has vowed to carry the fight into the fall’s midterm elections for control of Congress.
No kidding. The wrath of righteous fury is expected to be unleashed. This will not go away, especially when people start realizing THEY ALL will be paying for it.
To pay for the changes, the legislation includes more than $400 billion in higher taxes over a decade, roughly half of it from a new Medicare payroll tax on individuals with incomes over $200,000 and couples over $250,000. A new excise tax on high-cost insurance policies was significantly scaled back in deference to complaints from organized labor.
In addition, the bills cut more than $500 billion from planned payments to hospitals, nursing homes, hospices and other providers that treat Medicare patients. An estimated $200 billion would reduce planned subsidies to insurance companies that offer a private alternative to traditional Medicare.
The insurance industry warned that seniors would face sharply higher premiums as a result, and the Congressional Budget Office said many would return to traditional Medicare as a result.
Now what was that promise again about not raising taxes?
We ALL pay, either directly or indirectly. Open up those purse strings now.
See:
