Connect with us
The Congressional Budget Office estimates the House health care program will cost $1.5 trillion over the next decade...

archive

Top 10 Bad Things About the Pelosi Healthcare Bill

The Congressional Budget Office estimates the House health care program will cost $1.5 trillion over the next decade…

1. Cost: The Congressional Budget Office estimates the House health care program will cost $1.5 trillion over the next decade and $2.6 trillion for the decade after 2014. And as most such estimates are low, don’t be surprised when the price-tag soars.

2. Public option:  The bill contains a robust public-option insurance feature, that is sure to eventually undercut private insurers and is likely to lead to a single-payer government take-over of health care.   

3. Taxes:  The House bill includes $572 billion in new taxes, mostly from imposing a 5.4% “surcharge” on families earning over $1 million, and $500,000 for singles. And since the tax is not indexed for inflation it will immediately start gobbling up more taxpayers.  

4. Qualified plans:  Everyone will be required to enroll in a “qualified plan.” The secretary of Health and Human Services will decide what a “qualified plan” covers and how much it costs.  
5. Penalties:  If you don’t get health insurance, pay a fine or go to jail. A tax equal to 2.5% of adjusted gross income will be imposed on people who refuse to buy insurance. Those who refuse to pay the penalty face time in jail.  

6. Cost to families and individuals: The Congressional Budget Office estimates that an individual earning $44,000 before taxes who purchases his own insurance will have to pay a $5,300 premium and an estimated $2,000 in out-of-pocket expenses, for a total of $7,300 a year, or 17% of his pre-tax income.  A family earning $102,100 a year before taxes will have to pay a $15,000 premium plus an estimated $5,300 out-of-pocket, for a $20,300 total, or 20% of its pre-tax income.  

7. Business mandate: The bill imposes a mandate for most business to provide health insurance to their workers or pay an 8% payroll tax. This provision will likely lead to employers’ dumping their workers into the public option, since the fine is smaller than premiums.  

8. Medicare and Medicaid: The bill harshly cuts Medicare while expanding Medicaid to include everyone below 150% of the poverty line. Particularly hard-hit by cuts will be Medicare Advantage, which is used by 20% of seniors.  

9. Illegal immigrants:  The Congressional Budget Office estimates that the number of illegal immigrants covered under the just-passed House bill will increase by 2.5 million from the original House bill, H.R. 3200.  

10. Medical Savings Accounts: The bill caps at $2,500 the amount an employee can contribute to a healthcare Medical Savings Account, penalizing people taking advantage of one of the few programs which helps to keep medical costs in check.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

HUMAN EVENTS is the news source President Reagan called his "favorite newspaper" and we still hold high the Reaganesque principles of free enterprise, limited government and, above all, a staunch, unwavering defense of American freedom. You can also follow Human Events on FACEBOOK. Click Here to Become a Fan:

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

Twitter free speech activist Lindsay Shepherd Twitter free speech activist Lindsay Shepherd

Twitter Bans Free Speech Champion Lindsay Shepherd For “Abusing” Trans Activist

CULTURE

Everyone’s Gone Nuts. For Power and Profit.

CULTURE

Connect
Newsletter Signup.

Sign up to the Human Events newsletter