What was that line about health care reform saving the American people money? The Congressional Budget Office has acknowledged that health premiums for many Americans will rise. Over at NRO’s The Corner, Grace-Marie Turner of the Galen Institute writes:
Advocates are quick to say that many people would qualify for subsidies under the Senate bill to help them pay these higher premiums. In other words, Congress will be raising taxes by almost $500 billion and cutting Medicare by $400 billion to help some people pay premiums that their own bill raises.
How are supporters of this legislation going to argue now that we need health reform to lower health costs – and boost our international competitiveness – when this legislation does neither?
Hard to argue with that…