The initial tax hikes on the quarter-million-dollar club are projected to raise $318 billion over ten years (although … ). But while the same states that the details of this plan, to be hashed out with Congress, “must put the United States on a clear path to cover all Americans,” it concedes that “$630 billion is not sufficient to fully fund comprehensive reform.” Translation: hold onto your wallets. Middle-class Americans should be prepared for significant tax increases within a few years.
Our healthcare system is in trouble today because we have consistently ignored market-oriented solutions and instead sought out policies based on public finance and top-down regulation.
Here is a previous article from The American on Obama’s health care plan.
And John Goodman also explores the Obama plan, and has some advice for opponents of a government takeover of health care.