Democrats Weigh Health Mandate as Obama Urges Taxing Wealthy
By Laura Litvan and Ryan Donmoyer
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June 7 (Bloomberg) — President Barack Obama wants Congress to consider taxing the wealthy instead of workers to pay for a health-care overhaul, as House Democrats discuss a plan to require health insurance for most Americans.
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The effort to overhaul health-care would affect a sector that makes up 17 percent of the U.S. economy. The goal of Democratic supporters is to provide insurance to most of the nation’s 46 million uninsured, and lower the soaring cost of care. A key challenge is the potential impact of legislation on an already rising U.S. budget deficit that may reach $1.8 trillion this year.
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We have Medicare for the old; Medicaid for the poor.
We have young people who don’t want insurance.
We have congresscritters who know what’s good for us.
But, we can’t afford them any more!
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