CostThe CBO now estimates health bill spending at $3 trillion over 10 years. Since the CBO historically underestimates expenses, assume massive new deficits for a country that can ill afford them.
Personal RequirementsYou'll be required to buy a 'qualified' health plan. A family earning $102K a year will pay $1,700 a month in premium and out-of-pocket expenses. 'Willful' failure to buy a plan will result in a fine of up to $250,000 and 'imprisonment of up to five years'. Illegal immigrants are exempt from fines and imprisonment.
Business RequirementsEvery business in America must provide a 'qualified plan' for employees and pay 72.5% of the cost. Failure to do so results in an 8% payroll tax.
Impact to SeniorsMedicare reimbursements will be slashed by $500 billion. Medicare Advantage plans will be slashed by 20%. In many cases, seniors will be forced to see nurse practitioners rather than doctors.
Payments for Community Organizers, Translators and Racial/Ethnic 'Balance'The bill provides grants to community "entities" with no required qualifications. The bill also provides translators for patients who do not speak English and offers grants to schools serving students with "disadvantaged backgrounds including racial and ethnic minorities."
Illegal Immigrants Covered, Abortion Funding Still PossibleProof of citizenship requirements were gutted, so illegal aliens will be subsidized. The legislation also "doesn't close the door to using taxpayer funds" for abortions.
This bill truly is, as Michele Bachmann describes it, the "crown jewel of socialism". Its implementation will result in an economic catastrophe of the first order as certainly as the sun rises in the morning.
Hat tip: Frogg at ChronWatch. Linked by: Linkiest, Memeorandum, Curmudgeonly & Skeptical, Protein Wisdom and Family Security Matters. Thanks!