Sunday, July 18, 2010

Finding out what's in it

Changing Stance, Administration Now Defends Insurance Mandate as a Tax
When Congress required most Americans to obtain health insurance or pay a penalty, Democrats denied that they were creating a new tax. But in court, the Obama administration and its allies now defend the requirement as an exercise of the government’s “power to lay and collect taxes.”

...“For us to say that you’ve got to take a responsibility to get health insurance is absolutely not a tax increase,” the president said last September,
He forgot to add, "Until we have to defend it in court." Of course, the question is semantic, whatever term is used.

Insurers Push Plans Limiting Patient Choice of Doctors

The relentlessly rising cost of health insurance is prompting some small Massachusetts companies to drop coverage for their workers and encourage them to sign up for state-subsidized care instead,...

Since April 1, the date many insurance contracts are renewed for small businesses, the owners of about 90 small companies terminated their insurance plans with Braintree-based broker Jeff Rich and indicated in a follow-up survey that they were relying on publicly-funded insurance for their employees.

"Publicly-funded" may be the most dangerous phrase in the English language. Of course, you'll be able to keep your doctor and your current health insurance under a Federal plan. The president said so.

Lost in Taxation

[W]ith ObamaCare, the agency [IRS] is now responsible for "the most extensive social benefit program the IRS has been asked to implement in recent history." And without "sufficient funding" it won't be able to discharge these new duties...

Well, well. Republicans argued during the health debate that the IRS would have to hire hundreds of new agents and staff to enforce ObamaCare. They were brushed off by Democrats and the press corps as if they believed the President was born on the moon.
No. That's Hawaii.

I can't wait to find out what's in the financial "reform" legislation.

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