Sunday, March 21, 2010

It's Not over till the Fat Lady sings............

House health-care vote Sunday may hinge on abortion issues
For the first time, every American would be required to obtain coverage or face a penalty of at least $695 a year. Employers, too, would have a new responsibility: to offer coverage or face penalties of $2,000 per worker. By cutting more than $500 billion from Medicare over the next decade and raising taxes on the well-insured and high-earners, the package would trim deficits by $138 billion over the next decade and by around $1.2 trillion in the decade thereafter, the CBO said.

Republicans questioned assertions of deficit-reduction, predicting that Democrats would abandon the measure's primary funding mechanisms when seniors begin to feel the pinch of Medicare cuts, or when union families fall victim to a new 40 percent tax on the most generous insurance policies set to take effect in 2018. If those and other politically painful provisions were removed, the CBO said, the measure would increase deficits.

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