Data Point - Redistribution on steroids - Granite Grok

Data Point – Redistribution on steroids

After all, taxes just shovels money from one set of folks to a different set of folks.  And Saul Alinsky was all about, in “hiding” Socialism, moving the stuff from the Haves to the Have Nots.  The purpose was always to obtain the power to make that happen.  Kinda looks, with the premier Alinskyite devotee in the highest place and a cadre of Socialists  (aka Progressives) running Congress, they hit the jackpot:

Obamacare Taxes 2014-04-13

“On top of rising premiums, Obamacare taxes are adding hundreds of dollars per year onto customers’ costs, according to new study from the American Action Forum. Those who braved the health-care law’s exchanges will have to pay an extra $354 on average in 2014, reports the free-market D.C.-based think tank, just due to seven taxes included in Obamacare.  The vast majority of the country covered by employer-sponsored health insurance will be forced to pay a somewhat lower tab of $196 to cover the taxes. Those with self-funded employer-sponsored insurance are exempt from several of the largest culprits and will have the lowest added cost at $94 in 2014, which will drop to $59 by 2016.

One is aimed at the insurance companies, forcing them to pay the federal government for the privilege of selling health insurance — an ironic touch for a law meant to make health coverage cheaper. AAF estimates that this tax alone, which will be passed onto consumers, will cost an extra $101 in 2014; in 2015 and 2016, it’ll be increased to $143 on average as the federal government ups their funding requests every year.

A similar tax targets pharmaceutical companies, upping the cost of paying for medicine…piles on just $16 to existing premiums per year. This one will account for $3 billion for each of the next three years, also divided amongst pharmaceutical companies by their market share. The controversial medical device tax add $13 in 2014, $14 in 2015, and $15 in 2016.

…Exchange plans cost significantly more than those from private insurers because they’re subject to the health exchange user fee, a 3.5 percent tax placed on all premiums in the federally run Obamacare exchnage. The idea is for exchanges to eventually become self-sustaining by having exchange customers pay the administrative costs themselves.

(Image H/T: Independent Journal Review)  (H/T: Daily Caller)

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