Saturday, May 1, 2010

Health Care Bill HR3590- #1668 - Obamacare: An Unmitigated Disaster - American Thinker

Last Paragraph: .......Finally, officials are owning up to what most Americans already knew. ObamaCare means higher costs and lower quality; ObamaCare means rationing and higher taxes - including a Value Added Tax (VAT). It means mandating and penalties. President Obama and his liberal colleagues on the Hill jettisoned the world's best health care system for the dubious honor of having achieved "health care reform." Now, in addition to figuring out how to pay for the trillion dollar government takeover of health care, we have to untangle the budgetary gimmicks, bureaucratic mess, and disastrous financial crisis that the nation faces as a result. Read more....... Please read, this article contains much of the information I have seen released in several articles after the Health Bill passed, all in one place for easy access and reference.

Another Pelosi Easter Egg in Obamacare: IRS Mandate on Business - Hot Air - Cato’s Chris Edwards has found another of Nancy Pelosi’s surprises in ObamaCare, and this one’s a doozy. We have already noted the strange assignment of health-insurance approval to the IRS, an agency with no expertise in the field whatsoever. Now it appears that the IRS will have to hire a lot more people to track an avalanche of paperwork, too:  Most people know about the individual mandate in the new health care bill, but the bill contained another mandate that could be far more costly.  A few wording changes to the tax code’s section 6041 regarding 1099 reporting were slipped into the 2000-page health legislation. The changes will force millions of businesses to issue hundreds of millions, perhaps billions, of additional IRS Form 1099s every year. It appears to be a costly, anti-business nightmare.  Read more........  I have posted on this before, but repeated to ensure more coverage.

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