Tuesday, July 14, 2009

House Democrats propose mandatory insurance and a $1 trillion tax increase for successful Americans

House Democrats are preparing to unveil a health insurance overhaul that proposes mandatory insurance and a $1 trillion tax increase for successful Americans. Is this the change America voter for?

From the New York Times:
House Democrats are preparing on Tuesday afternoon to unveil a full draft of their sweeping health care legislation, including an income surtax on the country’s highest wage-earners to help pay the 10-year, roughly $1 trillion cost of the measure.

The House bill will include all the hallmarks of a revamped health care system that Democrats have been clamoring for, including a new government-run insurance plan that would compete with private insurers. The goal, of course, is to broadly expand health coverage to the more than 40 million Americans without insurance, while slowing the steep rise in cost of medical care and improving patient outcomes with more effective treatments.

The bill will prohibit insurance companies from denying coverage based on pre-existing conditions, and will also require all Americans to obtain health insurance. But many of its key provisions, including the public insurance option, will take several years to kick in.

No comments: