Tuesday, March 30, 2010

ObamaCare Quick Facts

From my email:

  • Causes 9 million people to lose the insurance they now have;
  • Increases the already bloated deficit by $260 billion over the next decade when all the components are included;
  • Adds $371 billion to the deficit by not including the Medicare physician fee schedule change, also known as the "Doc Fix" provision;
  • Raises taxes by $569 billion on small businesses and creates a new marriage penalty with new income and investment taxes;
  • Cuts Medicare by $523 billion;
  • Increases premiums by 10% for people without employer-based insurance;
  • Expands the power of the IRS to enforce a government mandate that requires Americans to purchase government-approved insurance; and
  • After all the spending is done and the bill is fully implemented, 23 million people will still be uninsured in 2019.
Not sure how accurate it is, but it's the first time I've seen anything about what's in the bill. This one is obviously showing the dark side of it.

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