Sunday, September 27, 2009

Top Ten Facts About the Baucus Bill

Go here to read the Top Ten Facts About the Baucus Bill. Here are just three of the ten:

The tax on insurers will be passed on in the form of higher health insurance premiums, and the tax on medical devices will be passed on in the form of higher costs for everything from contact lenses to hearing aids.

The IRS will tax you if you don’t buy a health care plan approved by the The
government will collect $20 billion from this tax.vii While the President has denied that this penalty is a tax, page 29, sentence one of the bill introduced by Senate Finance Committee Chairman Max Baucus says: “The consequence for not maintaining insurance would be an excise tax.”

The employer mandate will be shifted to workers in the form of lower wages. It will
disproportionately impact low-income workers and could force employers to cut jobs or
outsource workers.

Nobody likes the Baucus bill. The liberals don't like it because it's too conservative for them. The conservatives don't like it for a plethora of reasons. Watch for the debate on this one to heat up this week.

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