THE FINE PRINT STORY OF THE DAY – AT 8:01 A.M. ET:  Fine print is something that journalists are supposed to read so they can alert us to what a piece of legislation is really about.  But don't bet on it these days, when most of the MSM is far too interested in grander things. 

Here's lesson one in the fine print of the health-care bill.  If you're a parent, read carefully:

WASHINGTON (AP) - President Barack Obama's health care overhaul was supposed to take care of a major worry for parents of 20-year-olds making the transition to work: keeping the kids insured.

But what sounds like a simple solution—starting this year, letting young adults stay on their parents' health plan until they turn 26—involves a surprising amount of fine print.

As a consequence, some families may have to wait until 2011 to get their kids covered, particularly if the parents are working for a large employer, benefits experts and government officials say.

Some employers weighing whether to immediately extend coverage for young adults are wondering whether they'll have to withhold additional federal taxes from parents to cover the value of the benefit.

And employers and insurers are trying to figure out how to price the coverage. There could be sizable differences in cost.

With college graduations just weeks away—and the economy still uncertain—the No. 1 inquiry corporate benefit managers are getting from employees is how they can keep their adult children on the company plan, said Paul Dennett, vice president for health reform at the American Benefits Council.

COMMENT:  Great.  Really great.  All this "reform," and no one can understand how it should be applied...or taxed. 

Another overwhelming victory for "the people."  Certain people.

And we haven't even started with the rest of the 2,000-page bill.

Will Americans revolt against this?  Maybe yes, maybe no.  When they're told that they may lose health coverage of any kind if they vote those bad Republicans into office – and they will be told that – they may capitulate.  It's the way the left operates.

April 27, 2010