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In brief, absolutely not. I already wrote my Congressional reps one letter opposing the House bill. It looks like it's time for another letter.
* A public option will be available on these exchanges.
* Anyone below 133% of the federal poverty line will be eligible for Medicaid.
* Anyone between 133% and 300% of the poverty line will get subsidies to buy insurance.
I as a taxpayer should not be forced to pay for public health care of any form except for those who are disabled and cannot work.
* Insurance companies will be required to accept all new customers, even with preexisting conditions.
* Annual and lifetime limits on coverage will be prohibited.
Which will end up raising insurance companies expenses. If the government is meddling in the insurance market, insurance companies will have a hard time recovering the added expenses. If the insurance companies operate at a loss long enough, they go bankrupt and unemployment goes even higher than 10%
Besides which, why should people who have self-induced pre-existing conditions bear no responsibility for their actions?
* Insurance companies will not be allowed to charge sick people more than healthy people.
Maybe, except again, what about people sick due lifestyle choices?
* Employers with more than 50 employees will be fined for not providing health insurance.
Another nail in the coffin of marginally profitable businesses.
* Small businesses will receive tax credits to help them buy insurance for their employees.
As a taxpayer, I shouldn't be subsidizing this either.
* Uninsured individuals will be fined $750 per year.
So if insurance costs more than $750/year, I just pay the fine. And Obama raises taxes on these people (a tax by any other name is still a tax)
Bottom line, why should I be punished because I was successful at supporting myself?
I'm looking forward to there being a bunch of unemployed Congressmen in 2010 and an ex-president in 2012.
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