Here comes the ObamaCare tax bill
Last comment by sebekm 3 months, 2 weeks ago.

Take Me To Post Comment Form

.
The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills.
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.
ObamaCare supporters argue that federal subsidies for many low-income Americans will not only cover the taxes, but pay a big chunk of the premiums.
But ObamaCare taxes don’t stop with health-plan premiums.
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.
Then there’s the new Medicare tax.
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.
Meanwhile, the Obama administration touted a surge of more than 2 million visitors Monday at HealthCare.gov, plus about 250,000 calls to ObamaCare call centers.
“Volumes remain high but not equal to [Monday] and we have not had to deploy our queuing system on the site,” said Julie Bataille, a spokeswoman for the Centers for Medicare and Medicaid Services, referring to a virtual waiting room that is activated when the site is overloaded.
“We are taking thousands of calls at our call centers, which remain open until midnight, and we are seeing thousands of visitors complete enrollment online,” she said.
It wasn’t smooth sailing for everyone on the troubled site.
Software techie Jeff Karaaro tweeted in frustration: “Got three different codes trying to submit plan choices. No [one] can tell me what they mean. I nor call center can complete my application due to error.”


Latest Activity: Dec 26, 2013 at 6:57 PM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by gacpl
Send gacpl a Message
Report Abuse


Blog has been viewed (341) times.

Sheran commented on Thursday, Dec 26, 2013 at 20:41 PM

Great blog gacpl ! Now we see the train wreck in the making... All the added taxes and so forth are for the "WELFARE PEOPLE"... Disable people are already on Medicaid and now the lazy people will be also, as well as the tax payers purchasing these failed plans.

http://www.foxnews.com/politics/2013/...

timeontarget commented on Friday, Dec 27, 2013 at 08:00 AM

And we all know at least one or more of our acquaintances who have gone begging to some governmental agency to secure a "trumped up" disability handout from the government.

People have swallowed their pride. If we don't correct our ways this whole grand experiment is going to come tumbling down on top of us.

timeontarget commented on Friday, Dec 27, 2013 at 08:06 AM

Social workers are far to generous with the funds of the taxpayers.

Either Eugene Talmadge or his son Herman once said that "When it becomes that there are more riding in the wagon than there are pulling the wagon then the wagon will cease to go forward."

I know that's not exactly what he said but I hope you catch the meaning.

sebekm commented on Friday, Dec 27, 2013 at 19:41 PM

This article does a pretty good job of chronicling how the Democrats sold ObamaCare at the start of President Obama's first term, and how things turned out. Here's the operative part:

"In 2009 and 2010, Obama, Pelosi and their fellow Democrats sold Obamacare as a kind of miracle. It would give health insurance to 30 million previously uncovered people and cut the federal deficit by more than a trillion dollars at the same time. And the only taxes needed to pay for it all would fall on the very wealthy. It seemed impossible, but that's what they claimed.

Now, millions of middle-income Americans who probably felt safe from Obamacare's taxes are learning that they will pay for the program after all, in the form of higher premiums. Democrats constructed a system in which insurance companies would be forced to cover more people and then spread the cost around among those who had coverage all along, meaning many middle-income Americans will have to pay more for what they already had. Taxpayer-paid subsidies would go to lower-income Americans.

"The Affordable Care Act was not designed to reduce costs or, the law's name notwithstanding, to make health insurance coverage affordable for the vast majority of Americans," health care consultant Kip Piper told USA Today. "The law uses taxpayer dollars to lower costs for the low-income uninsured but it also increases costs overall and shifts costs within the marketplace."

It was a clever strategy, allowing Democrats to sell their bill as a deficit cutter that wouldn't raise taxes on the vast majority of Americans. But the public had to find out eventually. "ACA taxes were imposed only on high-income people," the conservative writer David Frum noted recently in a series of tweets. "But large costs fall on the middle class, too, in the hidden, kludgy form of rate hikes. 'Obamacare is deficit neutral' wasn't technically a lie, but it was highly misleading. The middle class will pay and is paying."

Did most Americans understand that when Obamacare was passed and signed into law? Unlikely. But 2014 will be the year they find out."

See:
http://washingtonexaminer.com/democra...

"Shifting costs within the insurance marketplace" is just another way of saying WEALTH is being REDISTRIBUTED. But in this case, Robin Hood is stealing from the middle class - people who don't think they are RICH and who believe (notwithstanding their politics) that they've been Taxed Enough Already. When the employer mandate kicks in, the "vast majority" of Americans are REALLY going to get mad.

Sheran commented on Saturday, Dec 28, 2013 at 19:46 PM
sebekm commented on Saturday, Dec 28, 2013 at 21:29 PM

Yes - it seems like data security wasn't even an afterthought when they were building the network. If ObamaCare wasn't a government operation, a whole lot of people would have been fired by now.


Log In to post comments.

Previous blog entries by gacpl
 
35K double votes in nc
April 02, 2014
North Carolina’s Board of Elections found that tens of thousands of registered voters from the state have personal information matching that of registered voters in other states, and appear to have voted in states other than North Carolina in 2012. In some cases, votes were cast under names of individuals ...
Read More »
 
the obama girl speaks out
March 26, 2014
everyone remembers her, now listen to what she has to say. http://thecrux.com/this-former-obama-girl-grabbed-my-attention-even-before-she-took-her-shirt-off/
Read More »
 
TODAY'S POLL
February 25, 2014
TODAY'S POLL, as of 11:16 pm 25 feb Results What do you think of the bill, now in the state Senate, that would allow guns to be carried in places such as churches, bars and schools? Good idea: 409 Uncertain: 4 Bad idea: 38
Read More »
 
they started before he was in office
February 13, 2014
"The biggest problems that we're facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all. And that's what I intend to reverse when I'm president of the United States." -- Sen. Barack Obama, ...
Read More »
 
Pedestrian struck by car in Hinesville
January 16, 2014
I'm suprized we don't see this in the paper more often here in hinesville. people walking at night wearing all dark colors making it where you can not see them until it's too late, people walking right out in front of cars in Wal-mart's parking lot. people need to know ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology