Today, the Senate Finance Committee is scheduled to vote on Senator Max Baucus’ health care overhaul. Like most Americans, I believe that our health care system needs to be reformed. However, this bill is a tax and spending bill masquerading as a health reform bill. It gives government bureaucrats far too much power and encroaches on freedom more than any legislation since LBJ’s Great Society experiment. It is bad for the country and bad for the economy.
Senate Democrats are pushing a vote on the 1,000-page bill now because the Congressional Budget Office recently estimated that the bill cost “only” $829 billion over the next 10 years. In truth, the bill raises taxes immediately, but the benefits do not kick in for another four years, so the 10-year numbers are distorted. This is an expensive experiment that cuts Medicare, and exacerbates state government budget problems by dramatically expanding Medicaid without providing additional funding.
via Big Government » Blog Archive » The Baucus Prescription: Higher Taxes and Higher Premiums (Updated).
