May each of you have the heart to conceive, the understanding to direct, and the hand to execute works that will leave the world a little better for your having been here. -- Ronald Reagan

Saturday, June 30, 2012

Some Headache Inducing ObamaCare Details

At one time, back when I was a kid, one went to the doctor, got treated, mostly paid cash or wrote a check, and was done. It was affordable. Then the government started controlling it more and more, causing costs to skyrocket. Of course the Statists said they had to step in because insurance companies were doing unfair stuff, like not paying for abortions and contraception. One of the Statists' big deals was treating pre-existing conditions. Big government stepped in, saying health costs are too high, people aren't getting the kind of treatment they, the government wanted, so in the name of good treatment and low costs, they implemented a takeover, ObamaCare, that raises costs and reduces quality treatment. Just a note here, insurance used to be for the purpose of covering oneself for bad stuff happening in the future. Now it's for anything that happens anytime for any reason.

Obama during his campaign in 2008 said absolutely no taxes will be raised on those making less than $250,000 a year. Here's what ObamaCare will charge these "rich" people beginning next year. There will be a 3.8% "investment surtax", and that's broken into brackets. There will be a 0.9% Medicare surtax added then too, once again bracketed. Well, he did say their taxes will go up. Oh my goodness, he actually told the truth about something!

Everyone, whether you want to or not, will have to by health insurance. Supreme Court Chief Justice John Roberts determined that if you don't purchase health insurance, you'll have to pay a penalty, except it's not a penalty, it's a tax. Huh? If you don't have something, you'll get taxed on the nothing you don't have? What the hell is that?

Here's some of the "tax" breakdown for not having a product the government says you must purchase, and what happens when you don't.
2014: Families––$285 or 1 percent of total household income, whichever is greater. Individual adults- $95                                                                  
2015: Families––$975 or 2 percent of income, whichever is greater. Individual adults-$325
2016: Families––$2,085 or 2.5 percent of income, whichever is greater. Individual adults––$695.

Increasing taxes, yearly. Even after the lawless, misbegotten ruling of the Supreme Court, saying the individual mandate is a tax, the Dems and Obama are still saying it's not a tax.

If you don't have employee insurance, there will be a list of government approved insurance carriers to buy from. If you are financially strapped, you get an exemption. Gee, wonder how many people will get an opt out 'cause they're too poor, and the rest of us working our asses off will have to pay for them?

There are added restrictions for flex pay programs. Heaven forbid you have any latitude to spend your own saved money on health services and products of your own choosing. There's a lower cap on what you can put in your flex program, and the IRS! of all organizations mandates what can and cannot be purchased through the flex program.

Pharmaceutical companies will have fees (taxes) assessed against them, increasing each year. Of course, to pay for them, they'll raise costs to consumers. Yep, that'll sure drive down the cost of meds.

Full article here.   

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