Reading the Health Care Bill Part 1

If one of the purposes of the health care bill is to reduce the growth of health care spending (Page 4, lines 1-2), why is there going to be an Excise Tax on medical devices (Part 1, Section 552)? Won't that increase the cost to hospitals? They will pass along those increased costs to the consumer as all excise taxes are passed along. That will accelerate the growth of health care spending.

The President has been on the record saying that his plan won't have waiting lists, and won't reduce benefits. Yet the temporary High Risk Pool that will go into effect until the bill becomes law can, to eliminate deficits, reduce benefits, increase premiums, or establish waiting lists (Page 26, lines 2-4). Doesn't that break the President's promise?