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The good point is you get the insurance but the bad is he's going to take 70% of all American's social security check to pay for it and there's a 1-year waiting period for everything.

The overall price tag is over the total GDP according to some sources thus it is possible the system could completely bankrupt America.

Another problem many have is the massive cuts to Medicare. Over $400 billion in cuts to the public option that is already teetering and failing.

So far, under the new plane, AT&T has taken a $1 BILLION dollar loss, as have hundreds of other companies. This is years before any benefits hit the common people.

Health care panels are also being setup to decide the people that will and will not receive treatment. This is will use a system call "quality of life years". If your treatment exceeds this number, the GOVERNMENT will decide if you can get this treatment. Many view the Governments ability to decide who lives and dies to be a bad thing.

The pro is that many illegal immigrants will become citizens (20 million). There are also billions set aside in this bill for swing sets for inner cities. Drilling for oil in some areas, tax credits for some states and other completely non health related issues were also attached to the bill.

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12y ago
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14y ago
Pros:
  • Everybody can have health insurance if they want it:
  • Insurers will not be able to stop paying for people who are sick, even if they lose their jobs.

    People who cannot afford health insurance won't have to pay as much money.

    People who are already sick will be eligible for healthcare.

  • In the long run it will (hopefully) reduce medical costs significantly. Rising medical costs are the main reason the long-term budget projections are so alarming. Something has to be done. Unfortunately, this bill might not do enough. While there will definitely be some savings, it's not clear that they will be as transformative as hoped.
  • Health insurers can no longer cap coverage. In other words, they will no longer say that they have spent enough on you and you're on your own for the next hundred thousand dollars. This should reduce medical bankruptcy.
  • There will be increased competition in the insurance market. It might be from a public option. It might also be from some kind of non-profit, state-specific co-operative. This might push the healthcare companies to lower costs and provide better service.
Cons:
  • For the first ten years, it will cost about $100 billion a year. This is about the yearly cost of the Iraq War.
  • The bill might increase the cost of health insurance. This depends on whether the gains from increased efficiencies and increased competition is outweighed by the cost of providing additional benefits.
  • The Individual Mandate. You will have to either buy health insurance if you don't have it or have a 2% tax increase. This insurance will be subsidized, but there is no guarantee that the subsidy will suffice for your specific situation.
  • There will be a tax increase on very high income people. If you are making more than half a million (or maybe a full million) you will have about a 1% tax increase.

Other stuff that might be good or bad, depending how you see it:

  • Increased government involvement in health care. Government already pays for huge amounts of health care-so this won't be anything new.
  • Additional regulation on insurance companies. This might increase costs. It will increase quality.
  • Physicians will have increased access to information about what treatments are most effective for their cost. If two treatments work equally well and one is cheaper, doctors can recommend that one. This was almost universally considered a good thing until a few years ago, but some people have started criticizing it lately.
  • Large employers may also have to offer health insurance to more of their employees. If they do not, they may have to pay some extra tax.
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12y ago

This is a complex question that's largely a matter of opinion, so here's mine: the principal advantage is that it will provide affordable health care for every US citizen, including the 50 million or so who do not currently have any coverage; the principal disadvantage is that it will cost a boatload of public funds.

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15y ago

this website has most of the pros and cons of universal healthcare http://www.idebate.org/debatabase/topic_details.php?topicID=763

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