Let us do the math, $461 billion to give tax credits to low and middle income Americans to offset cost of health insurance, $345 billion to expand Medicaid.
It cuts $404 billion from Medicare and other programs (by reducing waste, but not benefits) and it raises $201 billion by placing a 40% excise tax on “generous” health insurance plans.
What is it?
It is the Senate Finance Committee version of health care reform.
I have a few questions:
- If all that waste was in the Medicare program, how did it get there in this efficiently run public plan?
- Given the financial trouble ahead for Medicare, why wasn’t this waste cut from the program before we even got into health care reform?
- Now that we have found a way to save $404 billion for a government that is heavily in debt and getting more so, why are we spending the savings on something new?
- Will companies with “generous” health benefit plans keep them generous just so they can pay a 40% excise tax?
- I see the words Medicare and Medicaid as they are cut, expanded and made more “affordable” but I don’t see those same words applying to private and employer based coverage and I don’t see any words that indicate the rate of increase in health care costs will change in the future.
- What is changing to make health care for the Americans not enrolled in Medicare or Medicaid affordable?