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.This is going to be a real problem for the Democrats.
Democrats will work on the bill’s details next week as they struggle through “what kind of heartburn” it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. He also said the measure’s cost will reach beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a down payment for the policy changes.
Asked whether the cost of a health-care overhaul would be more than $1 trillion, Rangel said, “the answer is yes.”
First, the AARP and other senior lobbies are going to slaughter the Medicare cuts. The you have cuts to Medicaid (designed to help the less fortunate) which just seems to be stupid in light of the Democrats professed care for "the little guy."
Tack on $600 billion in tax increases, which is going to get the Blue Dogs in a tizzy, and rightfully so.
Oh, then there the $1 trillion dollar price tag in general. I think Obama and the Democrats have finally over reached. This is just going to be too expensive and too socialistic for people to accept it.