Pelosi Drops 1,990 Page Health Care Bill - The American Spectator | USA News and Politics
Pelosi Drops 1,990 Page Health Care Bill

Speaker Nancy Pelosi just unveiled the House Democrats’ health care bill, which is 1,990 pages (PDF here). You’ll forgive me if I haven’t yet read all of it, but the clear takeaway is that as expected, the bill is to the left of the Senate version. It includes a mandate that forces individuals to purchase insurance or pay a tax, as well as a requirement that employers provide insurance or pay a tax. It also creates government-run insurance exchanges on which a government-run plan would be offered alongside privately-administered plans that would be subject to heavier government regulation.

Pelosi said that the bill would cost less than $900 billion over 10 years, wouldn’t add to the deficit, and would expand coverage to 36 million who do not have health insurance. The problem with the $900 billion estimate is that it doesn’t include over $200 billion in costs for a so called “doc fix” which was included in the initial bill that was priced at over $1 trillion. Instead, as the Senate tried to do, the House will move separate legislation to prevent scheduled cuts to doctors’ payments under Medicare.

Scanning through the bill, I noticed that the bill would add a new section to the federal tax code: “PART VIII:HEALTH CARE RELATED TAXES.” Among the new taxes are penalties for individuals who don’t purchase insurance and employers who don’t provide insurance, income tax surcharges of up to 5.6% to those earning more than $1 million, and a 2.5% excise tax on medical devices.

Will provide updates as I read through the bill.

Sign up to receive our latest updates! Register

By submitting this form, you are consenting to receive marketing emails from: The American Spectator, 122 S Royal Street, Alexandria, VA, 22314, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Be a Free Market Loving Patriot. Subscribe Today!