It will cost tax payers on the front end (paying for their own health care) and on the back end increased taxes to cut the deficit, which in the long run stymies private sector growth mostly fueled by consumer spending. The good news, this is deflationary not inflationary.
Agree. The story that is not written about is the loss in consumer discretionary spending as more money is sucked in by the insurance companies and the government rather than using the money for private sector goods and services as well as savings and investment. This will have many unintended consequences on the economy, including job creation.