Obama Care is Coming, Obama Care is Coming…

by Steve MacDonald

obamacareThere’s a great article at American Thinker about what you should expect with the rising bureaucratic tide that is the Patient Affordable Care Act.  Read it.  Share it with a liberal and watch the veins pop out of their foreheads.  It is a very real world assessment of what we face.

For our purposes here, however, I wanted to post a snippet of the content, in the form of a list of taxes that are coming along side, that you can just heap on top of everything else bad that is in store for us in the coming months and years thanks to Democrats.

What you need to accept, regardless of what the screaming fairness harpies on the left try tell you, is that any and every tax the government imposes on so called big business, or declares as just making sure “they” pay their ‘fair share’ will find its way down to you as higher prices, fewer jobs, less access, or poorer service.   And that’s before the corruption and abuse, the scapegoating, and the very shocking fact that spending trillions a year to give insurance to a few million may allow you to claim they are “covered” but because of all the other factors that come with that, they’ll inevitably end up have to look harder and wait longer for even the most basic care, the quality of which will. inevitably. decline.

The abbreviated list of new taxes is on the jump, some of them related to Obama Care, others are just the product of the negative side effects of Democrat rule, but all of them are coming…soon, and what you need to ask is–what will this do to both health care and a struggling economy?

• A 2.3% excise tax on U.S. sales of medical devices that’s already devastating the medical supply industry and its workforce. The levy is a $20 billion blow to an industry that employs roughly 400,000.

More f rom Hot Air: Medical innovation is key to providing cutting-edge, lifesaving technologies to patients. Between 1980 and 2000, new diagnostic and treatment tools helped increase life expectancy by more than three years. But the new tax will take money from our research and development pipelines, reducing our ability to discover and develop lifesaving medical devices such as heart valves, molecular diagnostic tests and MRI machines. …  (Me- Just so we are clear, this tax was imposed by the so-called party of science and innovation.)

• A 3.8% surtax on investment income from capital gains and dividends that applies to single filers earning more than $200,000 and married couples filing jointly earning more than $250,000.

 Me- As investors look for saver havens everyone elses 401K’s, IRA’s, and Investments tied to other forms of insurance, will lose value–lots of value.

• A $50,000 excise tax on charitable hospitals that fail to meet new “community health assessment needs,” “financial assistance” and other rules set by the Health and Human Services Dept.

Me- ObamaCare is a death panel to every private and charitable practice.   If the taxes and Medicare rules don’t put them out of business the “other rules” will.   That means fewer doctors and less access.  That means care is harder to find and takes longer to get because taxes on doctors and hospitals and equipment and drugs have the same affect as taxes on cigarettes, or soda, or trans fats–you tax it to get less of i, and medical care is no different.

• A $24 billion tax on the paper industry to control a pollutant known as black liquor.

• A $2.3 billion-a-year tax on drug companies.

• An $87 billion hike in Medicare payroll taxes for employees, as well as the self-employed.

• A hike in the threshold for writing off medical expenses to 10% of adjusted gross income from 7.5%.

• A new cap on flexible spending accounts of $2,500 a year. (Source)

Unless otherwise linked H/T American Thinker.

Leave a Comment

Previous post:

Next post: