House Passes Health-Care Bill in Historic Vote

As of yesterday, the health care bill just barely passed in the House and will now be awaiting the results in the Senate. However, the author of this article brings up a good point in that "The narrow passage in the House, where the Democrats have a large majority, underscores the divisiveness of the legislation. It faces a tougher fight in the Senate where Republicans and some Democrats argue that the bill is too costly and won't achieve its goals." 

I think that Representative Paul Ryan makes a very vital point for this $1.2 trillion bill: "Does this bill mean the government will take over running health care? Yes. "But what's worse, this bill replaces the American idea with a European-style social welfare state." 

The bill is face tougher competition in the Senate vote and go through lots of modification before it even comes close to being passed there. 

Interesting to note is that "To pay for expanding insurance coverage, the bill calls for hundreds of billions of dollars in cuts to Medicare aimed at eliminating its wasteful spending. It levies a 5.4% tax on the wealthy that targets individuals earning more than $500,000 a year and couples earning more than $1 million a year. All but the smallest employers would be required to provide insurance and pay for most of the premium, or they would face a fine of up to 8% of their payroll."