What Obama Didn't Tell, or Lied About, in Latest Health Care Bill

Here are aspects and consequences of Obama's revised Senate version of the bill that he introduced Monday, March 1st. This is some of WHAT OBAMA DIDN'T TELL, OR LIED ABOUT, to the American people in the Health Care Summit and in his 120 or so speeches and interviews about ObamaCare.
1. The bill will cost $1 trillion over the first 10 years and the revenue will be $1 trillion. What he doesn't say, lying by omission, is that INSURANCE PREMIUMS WILL BE FORCED TO INCREASE to help cover 30 million more people.
2. Half of this $ 1 trillion revenue will be a $500 BILLION CUT IN MEDICARE. There is no amount of double talk that can hide the fact that Seniors will get worse and rationed care. The basic economics for running hospitals and doctors offices will force these outcomes.
3. The other half of the $1 trillion revenue will come from INCREASES IN TAXES, income taxes, capital gains taxes, medical device taxes and certain medical procedures taxes. Only part come from allowing the Bush cuts to expire, the rest is further Obama tax increases.
4. Many of the 30 million added to the rolls AS WELL AS many now having employer insurance or self-insurance will get government subsidized insurance which is covered in part by the Medicare cuts and the increased taxes, but also by an AVERAGE INCREASE IN INSURANCE PREMIUMS OF $2000 which will fall back on employers and individuals.
5. YOUNG PEOPLE who do not want insurance will be FORCED TO BUY INSURANCE AT ABOUT $8000 per year unless they fall into a low income category so that others wind up paying for them as described above. A PENALTY OF 2.5% OF INCOME will be assessed against those that refuse to buy insurance.
6. Obama's claim that the revenues and expenses will balance over the first ten years is a trick; OBAMA IS COUNTING 10 YEARS OF REVENUE BUT ONLY 6 YEARS OF BENEFITS PAID OUT; no benefits for first four years.
7. AFTER FIRST TEN YEARS OBAMACARE GOES INTO HUGE DEFICIT SPENDING UNLESS TAXES ARE RAISED significantly to cover about $1 trillion OR HEALTH CARE IS FURTHER RATIONED FOR EVERYONE. All this time, premiums are higher than they are now because of the huge government subsidization.
8. Health care will no longer remain in the private sector; the bill CREATES 118 NEW BOARDS AND COMMISSIONS. An huge bureaucracy will be sitting on top of, and CONTROLLING EVERY ASPECT AND DECISION ABOUT HEALTH CARE while bloating government even further.
9. The CBO scoring of the bill is a fake, it is a shell game that the CBO is forced to follow. The CBO must score a bill with all of the clauses as given to them. Rep. Paul Ryan and others have pointed out many of the false assumptions and phony accounting tricks used by Obama and the Democrats. When the GIMMICKS IN ACCOUNTING are removed, then the best estimates are that the REAL COST of Obama's bill will be $2.3 trillion over a decade. Warren Buffett characterized the bill as a FAILURE because it will not bend the cost curve down.

SEE MY POSTING ON SUNDAY FEBRUARY 28, 2010 WITH  REP. PAUL RYAN'S ANALYSIS AND DETAILS OF OBAMA'S ACCOUNTING GIMMICKS.