It doesn't happen often, but I totally (well not totally, but close enough) agree with you that we should end the insurance company subsidies, and we shouldn't make payment to a for-profit industry obligatory. These have been two of the big reasons progressives dislike this bill.
I do think you're missing something in terms of the deficit, the ACA contains a mix of spending and savings, Obama was correct when he stated that it would not add to the deficit, the CBO stated
that when all the spending and savings were totaled, the net result would be a $210 Billion reduction
in the deficit over 10 years.
The CBO's current proposal is to keep everything on the savings side of the equation, and get rid of some of the spending side, which I'm all for. There are some things we will need to deal with, however;
In order to get the $150B deficit reduction the cost of a typical family's insurance plan will go up by about $1050/year, that $150B covered the uninsured that had been included in everyone else's plan previously. Basically, there's $150B worth of care that we can either pay for through the government or by adding it on to our premiums, there's no way to shift the costs that makes it just dissappear. The only option to actually not pay this is to refuse care. (Which is worth exploring)
Changing medicaid to block grants for long term care will leave Nursing Home residents homeless (or at least without any way of paying their bills).
A public option is also on this list, are you for that too?
Raising the medicare age to 67 and cutting social security is something Obama has already indicated he's willing to give on.
Changing medicaid's "cost-sharing structure" refers to shifting costs to the state's that are already cash strapped, I'm not how that would change the overall picture but I'm willing to give it a try.
Quote from Jolie
No other single spending cut proposal on the CBO's list — and no tax hikes under serious consideration in Washington — comes close.
Letting tax cuts cuts expire on those making more than $250,000/year would reduce the deficit by $85 Billion/year, making it #2 on this list.