The bill contains 500 billion in NEW taxes. These taxes will affect everyone, not just the rich. In fact if you need a medical device, you will now have to pay a tax for it! Yes a tax on things like defibrillators, wheel chairs, fillings, and stents, so your hospital bills will now be higher! Here are some of the new taxes in the senate bill, we don't know what's in the final bill because nobody has seen it yet, and it's likely we won't know until it's passed, as Pelosi says, "We have to pass it to see what's in it!"
Yes, change you can believe in!
A 40 percent excise tax on "high value" health care plans of $8,500 or more for an individual and $23,000 or more for a couple ($149.1 billion in new taxes over the next 10 years);
A 0.5 percent hike in the Medicare payroll tax for single earners over $200,000 and joint earners over $250,000 ($53.8 billion);
Changes in health savings accounts (HSAs), Archer Medical Spending Accounts, health flexible spending accounts (FSAs), and health reimbursement arrangements ($5 billion);
A $2,500 cap on FSAs in cafeteria plans ($14.6 billion);
An increase from 10 percent to 20 percent in the penalty for early non-qualified HSA withdrawals ($1.3 billion);
A tax on branded drugs ($22.2 billion);
An annual tax on the health insurers ($60.4 billion);
A tax on companies that manufacture or import medical devices ($19.3 billion);
A 0.5 percent excise tax on cosmetic surgery ($5.8 billion over 10 years);
An increase in the floor of the medical expenses deduction from 7.5 percent of adjusted gross income to 10 percent, except for seniors, who will stay at 7.5 percent ($15.2 billion);
Elimination of the Medicare Part D (prescription drug) deduction ($5.4 billion);
A $500,000 cap on the tax deduction for the salaries of employees of health insurance companies ($0.6 billion over 10 years); and
A mandate on companies with more than 50 employees to provide health coverage or pay a $750 penalty per employee for those who obtain coverage through the insurance exchange ($36 billion over 10 years) and a mandate on individuals to obtain coverage or pay a tax penalty.
http://www.heritage.org/Research/Report … ealth+Care
Many things not being disclosed to the public.
On MAJOR thing to think about... with additional taxes come additional costs. The insurance companies are not being required to charge any set amount. So they will just raise rates to cover the new taxes.
Ultimately someone is going to pay. And invariably it's the "tax payer" that foots the bill for everything.
What's next? Socialize housing? Socialize Employment?
The Federal Government wants complete and total control of our lives.
Why do we as a people want the Government to compete against us in everything... we can't win that battle because the Government doesn't have to show a profit, they do not have to be efficient, all they have to do is take from the people.
So much for freedom, rights and liberty.
When will people get it through their heads -
this is a tax bill
this is a tax bill
this is a tax bill
James Clyburn: We Don't Have The Votes To Pass Health Care, But We Will
The way the democrats are going about trying to pass this heath bill is unconstitutional in many ways. Our country was built on the peoples vote, and now, it is trying to bypass the peoples vote, because they know "what is best for us"... does anybody else see a problem with this?
The procedure you (and the WSJ) are calling unconstitutional was used in the last decade 35 times - BY REPUBLICANS! Democrats didn't like it than and it was reviewed in court and found to be constitutional. Like it or not - the democrats are playing by the rule book that the republicans wrote.
Now republicans are crying 'foul'. I don't think so.
Is anyone who is against Denying that this bill will not have benefits until 2014 but begins taxing immediately?
There is already a shortage of 60,000 primary care physicans. And Team Obama wants to CUT their pay. Good luck finding a Doctor on Obamacare.
And will we build more jails to house the people who can not pay for insurance? Tax credits don't come around until tax time. Until then you have to find a way to come up with the premiums or be jailed or fined.
There is nothing in this bill to help the disabled. They will still be FORCED to wait 2 years before they are eligible for Medicare. But they will be forced to BUY insurance now! And on what? Disability payments?
This bill is NOT Health Care. This bill is about power and control. And Team Obama wants a vote on this before it's even written or read?
Yeah... it won't need repealing. It needs to be STOPPED NOW.
Americans deserve REAL HEALTH CARE REFORM. Stop demonizing the Insurance Industry. Kaiser lost $700 million in 2008 and nobody complained.
If you want to vent your anger at someone vent it at Obama for Orchestrating the Feds FREE MONEY handout to Investment Banks in order to protect the Scumbags at Goldmans Sachs who duped AIG into insuring their junk paper. Yes this happened under Bush... and yes Obama has also signed off on it.
Gee the Republicans used Reconciliation so therefore we should use Reconciliation.
My neighbors dog eats his own SH*&... I've seen him do it. Should you copy what he does?
Bad legislation is bad legislation... doesn't matter what the vehicle.
If this bill was even remotely good for the people there wouldn't be such a Backlash in the Democratic Party. There would be Republican Support and the secret backroom pay offs wouldn't even be taking place.
Agreed. And it is so old to hear "They did it...so why can't we?" It is wrong to pass a bill this way whether Democrat, Republican, Independent or whatever you call yourself.
This is why I have emailed my representatives and senators in this State. The only one who cared enough to respond was against "This Current Bill", but he is for Reform. He wants it done the right way.
Oh...He is a Democrat!
Reps and Dems have both used the "deemed pass" maneuver, but NEVER to pass a bill of this magnitude or one with so much controversy attached to it. If the bill is so wonderful, it seems that the dems would be proud to put their names on it instead of "kinda" signing it.
Also, if I remember correctly, the Constitution states if 1/5 of the House demands that each member's vote be recorded, they have to be recorded. I'm thinking the reps will prolly demand such.
Any time the dems or Obama do something shady, they counter with "Bush and the republicans did it!" And I could have sworn that Obama promised that he was going to be different and that his DC would be different. Pelosi promised the most transparent, ethical House in history. Oops! What happened, Nancy??
Michael, my representative is also a dem, and he voted no the first time and will vote no again. Even so, I'm sure this bill will pass, probably by one vote.
I am hoping my Representative can do something. He is heading the Blue Dogs in this matter and he stated in his email that the Blue Dogs are staying strong on this matter.
You have two of the worst Congressmen (next to Michele Bachman) in the country, Blanch Lincoln and Mark Pryor. I hope the Democratic Party comes up with some candidates that will send them back to Arkansas.
Ralph, do you really think the Dems are going to be a viable party in the fall elections? I'd like to revisit this topic around Dec 1.
theyre not good like democrat politicians from michigan
you know the state with 15% unemployment
arkansas cant wait for what a democrat can do for them and their 8% unemployment rate
Well the current plan is to vote on it tomorrow Sunday, and here we are on Saturday and it's still not finalized.
Seems like I would support giving the 72 hours Obama suggested to Congress to actually read the bill before they vote on it.
Why can the Democrats not put together a bill that affords at least 72 hours for Congress to read it before voting?
What's the rush? Too many backdoor deals to sneak through?
I would expect the same of the Republican Party and be very vocal about any bills they tried to sneak through.
Is there anyone here against letting a final version be reviewed by everyone expected to vote on it before it's signed into law?
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Web-site/URL: http://news.yahoo.com/s/ap/20100308/ap_ … h_overhaul"President Barack Obama accused insurance companies of placing profits over people and said Republicans ignored long-festering problems when...
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