Business Interests: No Health Care Reform

Healthcare capitol finance money congress health care
Eleven of the nation's largest business groups are beginning a multimillion-dollar TV ad campaign that says the health overhaul legislation in the House would raise taxes and worsen the economy without curbing medical expenses.

"Over $500 billion in crushing tax increases. But nothing to control rising health care costs," says the ad, which is to begin running Monday evening on national cable TV and in 19 states. It calls the legislation "a bill America can't afford to pay."

Special Report: Health Care Reform

The commercial is the latest example of stepped-up opposition by large segments of the business community as the House and Senate prepare to vote on Democratic bills revamping the nation's health care system.

Calling themselves Employers for a Healthy Economy, the coalition of sponsoring groups ranges from the National Federation of Independent Business, which represents small businesses, to organizations representing large corporations like the U.S. Chamber of Commerce.

The House plans to vote on the Democratic-written legislation this week. Senate Democratic leaders have not written a final version of their legislation.