Friday, June 12, 2009

You Know It's Gotta Be Bad...

...when even a unregenerate liberal like Charlie Rangel (sign of the cross), says that the price tag for the Obamacare down payment will exceed a trillion. More to the point, take a look at the package the Dems are putting together. Read it. Here's the money line:

Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.

Yup, that's tax increases, my friends. More importantly, take note of the cuts in Medicare and Medicaid reimbursement, said payments already being quite low. Watch all the Medicare HMO's in unprofitable towns head for the hills and leave the codgers scrambling for the postage stamp coverage of traditional Medicare. Watch for fewer and fewer providers to accept these patients. As for the rest of us, we can read our future in their fate. Face it, folks, you're not gonna get Congressional style coverage. And forcing employers to provide insurance sounds marvelous until you factor in that these same employers might be more reluctant to hire.

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