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August 3, 2010

The Illustrated Guide to Obamacare

So they passed the bill and now we're starting to find out what's in it. A picture, in ths case a flowchart developed by the members and staff of the Joint Economic Committee, is worth over 1990 pages of statutes plus countless volumes of forthcoming Health and Human Services regulations. According to Rep. Kevin Brady, R-TX, the chart reveals:
  • $569 billion in higher taxes;
  • $529 billion in cuts to Medicare;
  • swelling of the ranks of Medicaid by 16 million;
  • 17 major insurance mandates; and
  • the creation of two new bureaucracies with powers to impose future rationing: the Patient-Centered Outcomes Research Institute and the Independent Payments Advisory Board.
In addition, Rep. Brady states that the chart shows only "about one-third of the complexity of the final bill. It's actually worse than this."

I'm going to take a few days to go over this chart. If you decide to study it as well, please let me know what you find and how much it's going to cost the American taxpayer.

2 comments:

  1. William: they don't want to get it. They've invested so much in this president that they simply will not believe that they've been had.

    ReplyDelete