There is no doubt in my mind that the passage of this bill is a toxic recipe for fiscal and political carnage. American workers can hardly afford to spend their income on junk insurance provided by ruthless and unrelentingly greedy insurers. There will be no swift or compassionate regulators to correct inequities.
And it is clear that a nation challenged by runaway unemployment and diminishing wages will be even harder pressed to afford quality education funding. This bill is a cynical gaming of the system and the wholesale plunder of the incomes of every American with an income.
The obstinate buffoonery of what passes as the Republican party in Washington only compounds the matter and obfuscates the fact that Liberals want to kill the bill to get it right not to gut it.
But getting it right means that the Obama administration needs to stop treating Liberals as if they are insignificant and inconsequential. Krugman says Liberals projected their values onto Obama who was an obvious conservative.
There’s a lot of dismay/rage on the left over Obama, a number of cries that he isn’t the man progressives thought they were voting for.
But that says more about the complainers than it does about Obama himself. If you actually paid attention to the substance of what he was saying during the primary, you realized that
(a) There wasn’t a lot of difference among the major Democratic contenders
(b) To the extent that there was a difference, Obama was the least progressive
Actually, my problem is not that I mistook Obama for a Liberal or Progressive but that I believed what he said. And now I know that his rhetoric is as empty as the cost controls in the health care legislation.
Jame Hamsher in Commondreams.org writes the ten reasons this bill must be killed;
1. Forces you to pay up to 8% of your income to private insurance corporations - whether you want to or not
2. If you refuse to buy the insurance, you'll have to pay penalties of up to 2% of your annual income to the IRS.
3. Many will be forced to buy poor-quality insurance they can't afford to use, with $11,900 in annual out-of-pocket expenses over and above their annual premiums
4. Massive restriction on a woman's right to choose, designed to trigger a challenge to Roe v. Wade in the Supreme Court
5. Paid for by taxes on the middle class insurance plan you have right now through your employer, causing them to cut back benefits and increase co-pays
6. Many of the taxes to pay for the bill start now, but most Americans won't see any benefits - like an end to discrimination against those with preexisting conditions - until 2014 when the program begins.
7. Allows insurance companies to charge people who are older 300% more than others
8. Grants monopolies to drug companies that will keep generic versions of expensive biotech drugs from ever coming to market.
9. No re-importation of prescription drugs, which would save consumers $100 billion over 10 years
10. The cost of medical care will continue to rise, and insurance premiums for a family of four will rise an average of $1,000 a year - meaning in 10 years, your family's insurance premium will be $10,000 more annually than it is right now.
The link provides documentation of the claims.