Thursday, March 25, 2010

Health Care Bill...


Yes, I am a bit slow in the blogging process, but I figured that I needed to examine and read a bit of what I wanted to write about.
Tuesday, March 22nd 2010 is the day that Americans might not forget. Its more like we've been part of the history already.
The democrats, have gained status! They have now left the Jimmy Carter legacy behind...and they may be the FDR and JFK material.....
Did anyone care to look at the faces of the Democrat politicians when the Bill was being signed....priceless. Lets hope they can make advancements towards making this country as great as it claims to be.

Now to the most important part...>THE BILL
The most controversial issue is actually the cost. This bill is supposed to be costing about $940 billion over ten years. (I would say compared to how much deficit the US is already in, I say that much might be a piece of cake...well, that is if they stop spending money going to war.) A big plus to the 32 million who will be able to receive health care coverage.

According to CBO, a careful examination at the bill seems to advantageous for the American people as it would reduce the deficit by closely to $143 billion over these first ten years. and after that we are looking at a $1.2 trillion reduction.
As for the
uninsured and self-employed, they would be able to purchase insurance through state-based exchanges

As for who is paying....well, taxes off course. In particular, the medicare payroll tax, the excise tax, that should be enacted in 2018. Surprisingly, so will the tan tax. ( so thank you for all those who love to tan?)
As for the author's favorite- Insurance reform.
Six months after enactment, insurance companies could no longer denying children coverage based on a preexisting condition. and in a couple of years (2014)...that will expand to the adults too. This is a celebration for the college kids, they can stay on their parents' insurance untill they are 26.
As for abortion, federal funds will not be paying for them unless it a case of rape, incest or it is to the best of the health of the mother.

Most importantly, unless one is poor, by 2014, everyone will have to purchase health insurance...otherwise, they will be fined something close to $625.

This does not seem like an evil plan, therefore, it is hard to imagine why the tea party or now as they are favorably called Tea baggers...protesting and causing mayhem..

1 comment:

Azazel said...

I think time will tell if this bill is going to be a monstrousity or the truth