Yesterday, while many Georgians were relaxing, worshiping, or even sleeping, the United States House of Representatives debated and passed legislation that not only impacts the lives of every American, but also serves as a "bailout" of insurance and pharmaceutical companies.
HR 3590, "The Patient Protection and Affordable Care Act,” passed by a vote of 219 to 212 late Sunday evening. What has come to be known as ObamaCare has an initial price tag of $945 billion over the next 10 years. The bill's supporters claim that it will reduce deficits by $140 billion over that same period, however, they conveniently omit the pending $200 billion Medicare "doc fix," a legislative item which was purposefully left out of the original bill and it's reconciliation amendments to meet cost estimates, while cloaking the true cost of the bill from the American public.
A Congressional Budget Office analysis shows that when ObamaCare and the Medicare "doc fix" are combined, it results in a $59 billion deficit over the first 10 years and a loss of one-half of one percent of gross domestic product in the following 10 years.
ObamaCare forces each individual to purchase a government-approved health insurance plan. If an individual cannot afford the coverage, the plan will be heavily subsidized through the massive tax hikes in the bill and more debt. If an individual refuses to buy coverage, they will be subject to a penalty, and possibly jail time.
Employers do not escape ObamaCare unscathed. All employers with more than 50 employees must offer health insurance to its employees or face a fine. One nationally known corporation has stated that the compliance costs of the legislation will be $100 million in the first year alone.
While Georgia continues to face budget issues after years of overspending, these mandates will force legislators to increase taxes to comply with the $1 billion in unfunded mandates that become the responsibility of the state.
“It is clear Georgia cannot afford President Obama’s health care plan,” says Daniel N. Adams, Chairman of the Libertarian Party of Georgia. “We urge the General Assembly to take immediate action and demand that Georgians be offered choice instead of more government intervention in their lives.”
Jason Pye, Legislative Director of the state party, also encouraged Attorney General Thurbert Baker to join with other states planning legal action against the unconstitutional legislation.
“Now is not the time to sit idly by to score political points with your base. This bill will have consequences for every Georgian and to do nothing is dereliction of duty.”
The Libertarian Party of Georgia fully supports efforts in the state legislature to allow Georgians to opt-out of ObamaCare.
Community News You Can Use
Click to read MORE news: