President Obama and the Democrats lied about how Affordable the Affordable Care Act Is

Posted by PITHOCRATES - December 29th, 2013

Week in Review

The Affordable Care Act (aka Obamacare) was to make health care affordable.  In fact, it was going to be free.  Sort of.  Not health care per se.  But the Affordable Care Act.  For it was going to take the $1 trillion over 10 years the U.S. was spending on the wars in Iraq and Afghanistan and use it to pay for Obamacare.  So as far as the American people were concerned who had grown accustomed to the cost of the wars in Iraq and Afghanistan Obamacare would be free.  That is, all the wonderful free stuff included in Obamacare would come without a single dime of new federal taxes or spending.  Of course, President Obama and the Democrats were lying to the American people (see New ObamaCare fees coming in 2014 by S.A. Miller and Geoff Earle posted 12/25/2013 on the New York Post).

Here comes the ObamaCare tax bill…

Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break.

But one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.”

The new taxes on one customer’s bill added up to $23.14 a month, or $277.68 annually, according to Kaiser Health News. It boosted the monthly premium from $322.26 to $345.40 for that individual.

The new taxes and fees include a 2 percent levy on every health plan, which is expected to net about $8 billion for the government in 2014 and increase to $14.3 billion in 2018.

There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.

Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site…

Americans also will pay hidden taxes, such as the 2.3 percent medical-device tax that will inflate the cost of items such as pacemakers, stents and prosthetic limbs.

Those with high out-of-pocket medical expenses also will get smaller income-tax deductions.

Americans are currently allowed to deduct expenses that exceed 7.5 percent of their annual income. The threshold jumps to 10 percent under ObamaCare, costing taxpayers about $15 billion over 10 years…

Under ObamaCare, individual tax filers earning more than $200,000 and families earning more than $250,000 will pay an added 0.9 percent Medicare surtax on top of the existing 1.45 percent Medicare payroll tax. They’ll also pay an extra 3.8 percent Medicare tax on unearned income, such as investment dividends, rental income and capital gains.

They’re adding an Obamacare tax/fee/levy to all health insurance policies we buy.  And a $2 fee per policy in addition to the others taxes/fees/levies.  Insurers have to pay a 3.5% user fee for the privilege of selling their policies on the health care exchanges.  Which, of course, they will recover by increasing the price of their polices that the government is forcing us to buy.  There’s a medical-device tax.  And a Medicare surtax.  As well as an extra 3.8% Medicare tax on unearned income.  And if that wasn’t bad enough, on top of all of these new taxes, fees, levies, user fees, surtaxes, etc., taking more money out of our pockets they’ve also reduced the amount of out-of-pocket medical expenses we can claim as a tax deduction.  Meaning we will pay more of our income as income taxes.  Making the Affordable Care Act anything but affordable.

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