“$500 billion in Medicare cuts, $400 billion in tax increases, raises premiums, raises costs, onerous regulations, individual mandates, employer mandate, and expensive subsidies.”So basically in order to create universal healthcare, the Senate is going to force low and middle income Americans to buy health insurance (or be fined and/or go to jail) that they also just made more expensive through forcing insurance companies to cover everybody.
It's funny that supporters of the healthcare bill point to insurance schemes and regulations in other industries to say the plan is reasonable. They point to auto insurance mandates and also just the general concept of insurance where those that don't have anything bad happen to them subsidize those that have some bad luck. One fatal flaw in this logic though is that in no other insurance industry do companies HAVE to carry people they deem to be bad insurance risks. If your house has too many floods, your home insurance carrier will likely drop you. If you have too many car accidents your premiums will go up so much you will be forced to drop out as you will be effectively pre-paying for your accidents.
What a train wreck.
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