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Friday, March 19, 2010

HCR Albatross

via GK -

The baggers, Beck, and such can go suck a root as we used to say.

Regardless, this HCR bill blows.

So many aspects are bad. Look at just one where WalMart employees will gain care on your dime. Well they have health care, great, but one could certainly argue that this is subsidizing WalMart. Let's face it, WalMart is making dough hand over fist. Do you think it would be part of Warren Buffett's Bershire Hathaway shares if it was a loser. This is an outrage. Do you really want to subsidize WalMart?

FDL: Fact Sheet: The Truth About the Health Care Bill
The bill will impose a financial hardship on middle class Americans who will be forced to buy a product that they can’t afford to use.

A family of four making $66,370 will be forced to pay $5,243 per year for insurance. After basic necessities, this leaves them with $8,307 in discretionary income — out of which they would have to cover clothing, credit card and other debt, child care and education costs, in addition to $5,882 in annual out-of-pocket medical expenses for which families will be responsible.
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The bill was written so that most WalMart employees will qualify for subsidies, and taxpayers will pick up a large portion of the cost of their coverage.
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The bill ignored proven ways to cut health care costs and still leaves 24 million people uninsured, all while slightly raising total annual costs by $234 million in 2019.

“Bends the cost curve” is a misleading and trivial claim, as the US would still spend far more for care than other advanced countries.

In 2009, health care costs were 17.3% of GDP.

Annual cost of health care in 2019, status quo: $4,670.6 billion (20.8% of GDP)

Annual cost of health care in 2019, Senate bill: $4,693.5 billion (20.9% of GDP)

2 comments:

Jim Sande said...

I hope it fails. Start over.

Glynn Kalara said...

It's a truly foul smelling piece of legislation. It's biggest achievement is to show everyone just how deeply corrupt to the bone the Dems. are now and how utterly unable they are to govern, except to deliver whatever the plutocrats that own them desire.