The elderly were the first group to turn against President Obama’s health-care pro posals, alienated by the plans to cut $500 billion cut from Medicare. The young and the uninsured may be the next to jump ship — out of worry over about the huge premiums they’d have to pay.
Requiring everyone to buy insurance will impose a massive tax on all who now are uninsured. The Congressional Budget Office projects that it would force the middle-income uninsured to pay on average more than 15 percent of their income.
Tuesday, September 22, 2009
Massive tax on health care coming
Dick Morris and the CBO take a whack at it: