Insuring the roughly 44 million Americans who lack health coverage seems like a great idea, but how will such a project be funded? This dilemma has proven to be one of the biggest obstacles facing Obama’s health care proposal as they struggle to determine the means by which to create an estimated $1.2 trillion required over the next decade.
Much doubt has been placed upon Obama’s original proposal for financing his health care reform; namely, people fear the funds will be inadequate, and have even referred to his financing proposal as a “down payment” on the larger issue. Obama plans on generating over $300 billion over the next 10 years by incorporating tax increases on mortgage and charity deductions for wealthier Americans. This barely scratches the surface of the plans overall cost.
Read the full post on Financing Obama’s Health Care
.