Reid Lets Loose an $849 Billion Monster

Posted by John LaPlante in Health Care on Nov 19th, 2009 | no responses

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Senate Majority Leader Harry Reid (D-Nev.) has cobbled together his own Frankenstein’s Monster, a health “reform” bill of $849 billion. Somehow it actually cuts the federal deficit (fat chance, that).

Sen. Tom Harkin (D-Iowa) asked “What’s not to like about this bill?” Is that a rhetorical question, senator, or are you really so clueless as to be unaware of the various objections to compulsory insurance, introducing moral hazard into the insurance market, and additional taxes?

The legislation contains three provisions that in the end will be more meaningless than meaningful: states can opt out of a “public plan” (though not, presumably, paying for it); the public plan itself (the bad is bad enough as it is); and a ban on use of tax moneys to pay for abortion (which can be jettisoned in conference committee).

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