Heritage experts are combing through the Senate Health Care bill and reconciliation to see what the impacts and side effects will be on our health care system.
- We know that state Attorney Generals are already suing to test the constitutionality of Obamacare.
- The reconciliation bill increased Medicaid costs for twenty eight states and added even more in taxes.
- We also know that companies like AT&T, Caterpillar, John Deere and others are already reporting they anticipate additional health care costs that could cost up to $14 billion in the first year alone. Click here to read more.
- For a timeline of how Obamacare is scheduled to be implemented please click here.
- And, you can click here to find Heritage’s regular updates on Obamacare.
Here is our latest YouTube video on how to address the pre-existing condition problem with a 2 PAGE BILL.
Check out a NEW one-pager called The Patriot's Guide: What You Can Do for Your Country and please share it with others! This simple guide was put together for anyone with an interest in getting involved in the ongoing national debate about the direction our country is headed.
And, click here for a handout with TAX FACTS for your upcoming April 15th Tax Day Tea Party.
NEXT UP: Congress is set to consider a 1,336 Financial Services Regulatory Reform bill that will give the Federal Reserve sweeping new authority.
Heritage's Brian Darling writes:
Last week, Senator Chris Dodd (D-CT) jammed his new financial regulation bill through committee on a party-line vote in just 22 minutes. The legislation would allow the financial services industry to be eligible for new bailouts. This legislation effectively allows Washington bureaucrats to micromanage financial institutions. The President and other proponents of financial services reform legislation argue that that the legislation would put an end to the “too big to fail” dilemma. Nothing could be further from the truth.
Just look at history. The Troubled Assets Relief Program bailed out institutions declared “too big to fail.” As a result of those bailouts, these same institutions are even bigger today. The Obama administration’s solution to the problem is to limit executive pay and take other measures to regulate private enterprise on Wall Street. Yet new bailout authorities for the federal government may, if recent history is repeated, make massive institutions even bigger.
The Dodd bill would actually create a permanent, $50 billion emergency fund to rescue or unwind firms deemed to be a threat by the new Financial Stability Oversight Council. Explicit financial support of the largest firms by the federal government encourages risky behavior and skews the market place, resulting in progressively riskier and larger firms.
For more information on the financial services regulation bill, check out:
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