234. Did O Forget We Want Health COSTS reduced?

I haven't actually read O's 11-page proposal yet (11 pages for 1+ year's in office) on Health Care, but this article nets out a few things. Seems O's focus is on reducing insurance costs, NOT Health Costs which would in addition reduce insurance costs. His plan is also to take over the insurance industry and tax investments. Oh, what a sweet deal -- yuck! Here are a few snippets from the article:

"The new White House plan would give the federal government the power to regulate the health insurance industry much like a public utility. The Health and Human Services Department — in conjunction with state authorities — would be able to deny substantial premium increases, limit them or demand rebates for consumers"

"... but also includes a new tax on investment income that Republicans object to."

" It could include ideas Democrats and Republicans have both supported, such as federal funding for high-risk pools that would extend coverage to people denied because of medical problems, and a new insurance marketplace for small employers and individuals buying their own policies."

"A Medicare payroll tax increase on upper-income earners would help plug the revenue gap. For the first time, Medicare taxes would be assessed on investment income, not just wages. "

"... leaves in a special Medicaid deal for Louisiana."

"Estimated to cost about $1 trillion over 10 years, Obama's plan would be paid for by a mix of Medicare cuts, tax increases and new fees on health care industries."

Do you get it folks? Tax investments, cut medicare, regulate the health insurance industry, tax the industry. Now that's how to create jobs and strengthen businesses. Forget cutting business income tax which WOULD grow businesses and jobs. I'm believing O no longer stands for just Obama, but for Ostrich. One in the same -- head in the sand.

Here is the Obama Proposal. I need a time out before I delve into this. I already got hung up after the first few paragraphs -- not only can't I stand to hear him anymore, now it takes great effort to read his BS. Need to clear my mind after reading the summary article.