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Link here [pdf]. This is worth a read, as it provides the best most detailed look at the Senate’s proposed bill I have seen so far.
While the bill has many good things, overall it really is no different than Obamacare. It is a bureaucratic mess, it leaves many of Obamacare’s worst rules in place (such as the requirement that everyone, male or female, pay for maternity care), and it continues the inappropriate micromanaging of Congress in this private sector industry.
It might pass, but if it does, all it will accomplish is to stain the Republicans with this monstrosity of a law, as premiums will surely continue to rise, as will medical costs. Up until now, the Republican Party has been saying it had nothing to do with Obamacare and its consequences, and for one rare time, these politicians were not lying when they said that. If this bill becomes law, however, they will no longer be able to deny their part in Obamacare, unless they lie. And the public will know they are lying when they do.
Update: Heritage Foundation releases its own analysis which says this bill will encourage the growth of government.