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Thursday, June 28, 2007
"United States National Health Insurance Act"
It is a very comprehensive bill and includes a lot of things that many candidates would ignore in such a proposal. They have been working on some version of this bill for at least 15 years so I would expect some level of complexity. However, it still does not address the main BIG sticking point. The price. $1.86 TRILLION/YEAR.
OK, for some perspective, this year's budget for Washington DC was a record by a long shot, but it wasn't more than 3 Trillion dollars. This vote that they are proposing with one stroke of the Presidents pen will lock in future generations to this new entitlement program.
Having said that, I don't have to remind you that anytime DC wants to pass something, they over-promise and under-deliver. I imagine that 1.86 Trillion dollar price tag will double AFTER they vote for this legislation.
They go into some detail as to how exactly the government is going to come up with this extra astronomical amount. It all looks good on paper. But here again, with a program so massive (larger than the military) - you can not just legislate on general principals. This bill will affect every single taxpayer and their children for decades. Do you want to make promises that your children will have to keep for you?
Read the article. It is a summary and reads fast. It links to the actual bill. It is very comprehensive and well thought out. I just don't think it'll work.