INDIANAPOLIS -- Indiana Gov. Mitch Daniels had harsh words Monday after the House passed a sweeping health care reform bill.

Daniels, who previously warned that the bill's passage would force the dismantling of the Healthy Indiana Plan, released a statement late Monday morning highly critical of the bill.

More: What's In The Health Care Bill?

"Our two best hopes for more jobs are investment and small business. The new health care bill raises taxes drastically on both, and will harm our economic prospects badly," Daniels said. "Hoosiers will also face higher state taxes as Medicaid rolls explode."

The Healthy Indiana Plan, which provides a medical savings account worth $1,100 annually and benefits beyond that will stop accepting new participants.

Indiana has generally fared better than surrounding states financially in recent years, but Daniels contends the health care reform bill will profoundly damage the state's economic condition and will send its neighbors into crippling debt.

"It will raise by trillions the crushing debt we already are leaving young Americans. Any claims to the contrary are worse than mistaken, they are knowingly fraudulent," Daniels said. "In a life of optimism about America and its future, this morning, I am as discouraged as I can remember being."

The votes of Indiana's representatives were split on party lines, with all five Democrats supporting the measure and all four Republicans voting against it.

Refresh this page and watch 6News for Indiana reaction to the passage of the health care reform bill.