Top 10 Reasons Obama's Healthcare Plan Is Wrong for America

1. Millions Will Lose Their Current Insurance. Period. End of Story: Proposed economic incentives and a government-run health plan would cause an estimated 88 million people to lose their current employer-sponsored health plan.

2. Your Health Care Coverage Will Probably Change Anyway: Eventually most remaining plans would have to conform to new federal benefit standards and will undoubtedly cost you more in premiums.

3. The Umpire Is Also the First Baseman: If the federal government creates a health care plan that it controls and also sets the rules for the private plans, there is little doubt that Washington would put its private sector "competitors" out of business.

4. The Fed Picks Your Treatment: As your healthcare provider, do you think the government that will stay out of your health care decisions?

5. Individual Mandate Means Less Liberty and More Taxes: Lawmakers are considering a penalty or tax for those who don't buy government-approved health plans.

6. Higher Taxes Than Europe Hurt Small Businesses: If it is enacted, America's top earners and job creators will carry a larger overall tax burden than France, Italy, Germany, Japan, etc., with a total average tax rate greater than 52%.

7. Who Makes Medical Decisions? What is the right medical treatment and should bureaucrats determine what Americans can or cannot have? Cost or a federal health board could be the deciding factors.

8. Taxpayer-Funded Abortions? Nineteen Democrats recently asked the President to not sign any bill that doesn't explicitly exclude "abortion from the scope of any government-defined or subsidized health insurance plan" or any bill that allows a federal health board to "recommend abortion services be included under covered benefits or as part of a benefits package." Currently, these provisions do not exist.

9. It's Not Paid For: The CBO says the current House plan would increase the deficit by $239 billion over 10 years.

10. Rushing It, Not Reading It: Deception is the only reason to rush through a bill nobody truly understands.

Adapted from Obamacare: One Pill, Two Pill, Red Pill, Blue Pill found on the Heritage Foundation website.

money.cnn.com: Five Freedoms You'd Lose in Health Care Reform

"If you read the fine print in the Congressional plans, you'll find that a lot of cherished aspects of the current system would disappear..."

1. Freedom to choose what's in your plan
2. Freedom to be rewarded for healthy living, or pay your real costs
3. Freedom to choose high-deductible coverage
4. Freedom to keep your existing plan
5. Freedom to choose your doctors

Check out this must-read money.cnn.com article in its entirety here.