- Obama Announces “New” Health Plan

- Obama Announces “New” Health Plan: "President Barack Obama unveiled a “new” proposal for “health care reform” Monday which is suspiciously similar to the version passed by the Senate, though it includes other provisions like more tax increases and more new taxes. The estimated taxpayer price tag so far: $1 trillion.

Like the health care bills passed by the Democrat-controlled House and Senate, Obama’s proposal purports to unconstitutionally subsidize abortion (despite grandstanding to the contrary) while requiring that nearly everyone purchase health insurance. The non-compliance fines in the administration’s plan, however, would be even higher than those proposed by the Senate.

Other differences inherent in Obama's plan include new Medicare taxes on investment income such as rent and stock dividends. The proposal would also make more than $120 billion in cuts to Medicare Advantage, more than the Senate’s proposal. Additionally, at least $10 billion in extra fees from the drug industry would help provide some of the funding for the scheme, though these costs will simply be passed along to consumers or taxpayers anyway."