[Report Abuse]
[Login to Blog] PoliticsNation's Blog
Republican replacement for Obamacare-big tax hike!

Take Me To Post Comment Form


According to Forbes Magazine-Yesterday, three Republican Senators — Tom Coburn (Okla.), Richard Burr (N.C.), and Orrin Hatch (Utah) – put forward a plan to “repeal and replace” the Affordable Care Act, otherwise known as Obamacare. They call it the Patient CARE Act, and my colleague Avik Roy says it is “the most credible plan yet” offered by the GOP.

Except the Coburn-Burr-Hatch plan amounts, among other things, to a big tax increase. The main way that it remains budget neutral is by making employer-provided health insurance plans, which are currently not taxed, partially taxable as income. In fact, this income replaces income that, under ObamaCare, comes from taxing companies, including the tax on medical device companies paid by firms like Medtronic Medtronic and Stryker



This fact has not escaped the notice of some prominent health reform allies. “It is a huge tax increase on workers without any confidence that they will be able to afford health insurance in the future,” says Bob Kocher, a partner at venture capital firm Venrock who previously worked in the Obama administration.

It is “essentially a very large Republican tax increase,” says Ezekiel Emanuel, the Diane V.S. Levy and Robert M. Levy University Professor of Medical Ethics and Health Policy at the University of Pennsylvania and another former Obama advisor. “It’s quite clear the plan is to put a bigger burden on middle class Americans.”



http://www.forbes.com/sites/matthewherper/2014/01/28/the-proposed-republican-replacement-for-obamacare-is-a-big-tax-hike/


Latest Activity: Jan 31, 2014 at 10:38 AM


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


Blog has been viewed (546) times.


Log In to post comments.

Previous blog entries by PoliticsNation
 
Russia On Verge Of Taking Control Of US Oil Compan
April 11, 2017
And the take over by Russia begins. If we weren't spending millions on Trumps weekend golf outings we could stop this take over. However, it's all apart of the Trump's Administration's plan-allow Russia to take over the USA. Think about this_ what better way to take out the USA then ...
Read More »
 
Why We Never See These Stories In The News?
April 07, 2017
This is the time of year that most college-bound students make a very tough decision: which school to choose. And for most parents, the bigger question: how to pay for it. In the Wade family, of Liberty Township, Ohio, they're dealing with it four-times over. Nigel, Zach, Nick and Aaron ...
Read More »
 
Trump/GOP Revokes Women's Workplace Protections !
April 05, 2017
In 2014, President Barack Obama signed the Fair Pay and Safe Workplaces executive order. It required companies with federal contracts to heed 14 different labor and civil rights laws, including ones aimed at protecting parental leave, weeding out discrimination against women and minorities, and ensuring equal pay for women and ...
Read More »
 
Trump Turns On Americans Again-Sells Our Privacy .
April 04, 2017
President Donald Trump on Monday signed a new law setting stage for service providers to sell people’s browser history. Last week, Congress sent President Trump the legislation that kills an online privacy regulation — a move that could eventually allow internet providers such as Comcast, AT&T and Verizon to sell ...
Read More »
 
Bill O'Reilly /Fox News--Thug-Wife Beater-Predator
April 04, 2017
Fox News is in a jam this week as major automakers and smaller outfits pull their ads from the network's popular "O'Reilly Factor" show, following a series of sexual harassment claims against host Bill O'Reilly. The Times reported that the five women have received settlement payments totaling $13 million from ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology