WHAT YOU NEED TO KNOW ABOUT HEALTH CARE REFORM

CRAFTED IN SECRET:
OBAMACARE will raise taxes, cut Medicare, kill jobs, expand the role of the federal government your personal life, increase the deficit, and much more. This is exactly what the American people say they do NOT want!

1.President Obama is making his final pitch for health care reform. He boasted that Democrats’ health care proposals would cut deficits by $1 trillion “over the next decade.” But the Congressional Budget Office estimates Obama’s figures are inflated by $868 billion.

2.President Obama’s most important health reform promise has been to lower insurance costs by $2,500, but he admitted during the summit his plan will not reduce the cost of private health insurance.

3.President Obama and Democrats have launched a campaign to vilify insurance companies. Yet, the Senate health reform bill gives the insurance companies millions of new customers required by law to buy health insurance. To help pay for the new insurance requirements the government would give people money to buy insurance - $336 billion taxpayer dollars over the next ten years would ultimately go to the insurance companies!

4. The White House is proposing a Medicare tax on investment income. Although it is being promoted as a tax on the wealthy, it will ultimately affect all members of society. It is estimated that such a tax will result in an average of 115,000 lost job opportunities per year. It will also lower wages and hinder households from building a savings which is an important buffer in times of unforeseen expenses such as sudden illness, injury, or job loss, and is a source for income for retirement.

4. Andy Stern, head of the SEIU, has been involved in reviewing the basic components of the health care bills. Why is health care so important to the unions? Because many unions pensions plans are severely under funded and the hope is once health care reform is passed, union workers will be shoved over to the co-ops or a government option, freeing up union cash to help shore up their plans.

5.President Obama argues that swift enactment of his plan is necessary to provide better services to the uninsured, but none of the key provisions to expand coverage would go into effect until 2014. Many of the spending reductions, such as the cut in Medicare Advantage payment rates and tax increases would kick in much earlier. The President’s plan has 10 years of spending and revenue “offsets” paying for only seven years of paying out benefits.

Between 2011 and 2020, the nation will accumulate $9.8 trillion in deficits under the Obama budget, according to the CBO, ending the decade with $20.3 trillion in public debt, which translates into a staggering 90 percent of gross domestic product. This is the legacy we will be leaving our children and grandchildren to pay off...Posted by LG 3/18/2010
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