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November 19th, 2009 10:55 am
New Health Care Bill: Still Awful
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Late last night, Senate Majority Leader Harry Reid released the newest iteration of health care “reform.”  Seeking to outdo Speaker Pelosi’s 1,990 page bill, Reid’s version measures in at 2,074 pages, longer than War and Peace.  You can read and search through the full version here.

The Congressional Budget Office and the Joint Committee on Taxation have released cost estimates of the bill.  Don’t let Senate Democrats fool you, however.  The actual cost of the bill is not $849 billion, mainly because federal subsidies don’t even kick in until 2014.

When fully implemented, the actual cost of Harry Reid’s bill is over $2.5 trillion, from 2014 to 2023.

If you like tax increases, you’ll love the new bill.  It contains over $500 billion in new taxes.  The bill taxes health insurance, Botox, Health Savings Accounts, drug devices, and some employers and employees.  No one escapes Uncle Sam’s scalpel in Harry Reid’s version of “reform.”  Click here for a full list of tax hikes.

More analysis later.

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