President Obama has released his "new" proposal for a government takeover of health care.  It's largely based on the Senate bill no one likes, but has more taxes, price controls, and sweetheart deals for everyone.

CongressDaily (subscription) reports:

The offering eliminates a special deal for Nebraska on Medicaid expansion costs and extends it to all states

So, instead of attempting to buy the vote of one Senator with our money, he's seeing if PJ O'Rourke's book Parliament of Whores was appropriately titled as he attempts to buy off all of them--with our money.

CongressDaily goes on to say the "new" plan:

...increases the threshold for a tax on high-cost insurance plans

That's the tax the unions didn't like because it hit many of their member's generous health insurance plans--you know, the ones that helped bankrupt the auto industry that we taxpayers recently bailed out. 

CongressDaily adds that the new plan:

...includes a proposal to regulate insurance rates

That's government price controls.  Nixon put in place price controls to great failure, and government price control on wages during World War II are part of the reason our current health insurance system is a mess.  Unable to increase wages, companies found other ways to increase compensation--like adding fringe benefits such as health insurance.  Now employers enjoy preferential tax treatment for health insurance benefits that individuals do not have access to. This is why so many of us receive our health insurance from our employer--which means when we lose our jobs, we also often lose our health insurance. This major problem should have been at the top of the list for a major reform package, but instead its absence is a major failure of what the White House and Congressional leaders have been pushing on us.

CongressDaily adds:

The changes would increase the cost of the $871 billion Senate bill to $950 billion over 10 years, White House officials estimated. They said the changes are fully paid for.

That's Washington-speak for more taxes because government ultimately only gets its money from one place--the taxpayers.  So when THEY say THEY "fully pay for" the $950 billion this will cost they mean WE will fully pay for it. 

CBS News adds that plan is expected to:

...require most Americans to carry health insurance coverage

That's the clearly unconstitutional "individual mandate" that makes this proposal a dream come true to the health insurance industry President Obama has been so closely working with.  What industry wouldn't want the government to force every American to buy their product?  As FreedomWorks Chairman Dick Armey estimated in his article "Individual Mandate Would Be A Healthcare Industry Boondoggle" in US News & World Report last September, that would bring insurance companies up to:

Two hundred billion dollars in new insurance premiums per year. And $463,000,000,000 in taxpayer subsidies over the next 10 years.

You can do the math yourself. The President says there are 46 million uninsured and:

President Obama's Council of Economic Advisers reported that the annual premium for single coverage is, on average, $4,321.

That's about $200 billion in new premium for the President's friends in the insurance industry.  That's a pretty good return on investment for the almost $170 million the health industry "invested" in politics in the 2008 election cycle and over $45 million they put in this cycle, according to OpenSecrets.org.

Armey's article adds:

"Hallelujah!" is how former health insurance executive Robert Laszewski summed up the industry's reaction. "It's a great boondoggle for the insurance companies," said Chuck Loveless of the American Federation of State, County, and Municipal Employees. "Like a dream come true" for insurers, said Justin Ruben of MoveOn.org.

We couldn't agree more.

So, more taxes, price controls, and sweetheart deals for everyone, especially the health insurance industry?  Sounds like something the American people might object to.  Or, rather, why they already have, over and over again.