Monday, November 9, 2009

Passage of House Version of the Health Care Insurance

So they finally did it. The House of Representatives passed the Health care Insurance Bill on Saturday by 220-215. So this was the good news. I guess since it was a vote based on party lines that is why the margin is so close so as to be negligible. To be fair I have not yet read the Bill but I am sure that the majority party leaders used all their resources to get the bill passed through. But the passage of the bill is not certain in the Senate, where there are already signs of a tough fight. The House version includes the Government option plan which is opposed now more in the Senate than in the House.

Now the bad news, whatever form of the bill we will get ultimately or not from the compromise of the two versions of the House and Senate, it is a sure shot bet that we the American Tax payers will be paying a lot more of the taxes than we are used too.

Look I am not a Republican or a Democrat or an Independent. I am a realistic who just see things as they are. What you see things around you, the economy is in a very big mess. We will definitely have to pay more taxes for this Health Insurance Bill (no matter what the Politicians and other people say otherwise) and debt servicing which is exploding day by day.

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