Here's the editorial the Register ran after the House passed PelosiCare last Saturday. It focuses on the likely perverse effects of an individual mandate enforced by a modest fine combined with a mandate that people with preexisting conditions be accepted without a financial penalty. Significant numbers of healthy people would choose to pay the fine and not get health insurance until they came down with something or developed a condition likely to require pricey treatment. The pool would be mostly high-risk patients so premiums would have to rise.
Other shortcomings of the bill, likely to be treated in more detail later include a virtual band on Health Savings Accounts, a hefty tax increase on capital gains, and a thoroughly phony approach to "tort reform" likely to empower trial lawyers even more. Not to mention the new flap over abortion. Whee! I'm pretty sure this version doesn't pass and there's a chance (though slim I think) that nothing will pass.
Gridlock is our friend.