[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 (452) times.


Log In to post comments.

Previous blog entries by PoliticsNation
 
Breaking! Wayne County Coach/wife arrested.
May 24, 2016
WAYNE COUNTY, Ga. -The former Wayne County High School Football coach / Athletic Director Jody Grooms and his wife were arrested Tuesday. The Georgia Bureau of Investigation Agent in Charge said 47-year-old Grooms and his wife Sharon turned themselves in to the Wayne County Sheriff’s Office. Investigators say Grooms if ...
Read More »
 
Why The Church Is losing Its Influence
May 24, 2016
The evidence that the church is losing is as clear as the writing on the walls and the rattle in the collection plates. Western Christian religion is crumbling, its authority and influence is fading. Last week someone posted a blog about a pastor stealing funds and this week we're reading ...
Read More »
 
Law Enforcement Officers Are Out of Control!
May 20, 2016
Let me first go on record and say that not all Officers are bad. However,it's hard to defend the decent officers when you see videos like this one. The video is attached and a quiz for law enforcement officers. If you're an officer and you're not sure if you're a ...
Read More »
 
No More Pimping Off The Backs Of The Poor!
May 18, 2016
The President OF The United States takes a stand for the working poor and overworked/underpaid managers in retail, fast food and workers making 47,500 and under. More than 4 million U.S. workers will become newly eligible for overtime pay under rules to be issued Wednesday by the Obama administration. The ...
Read More »
 
Watch It Haters-Social Media Post Fair Game to GOV
May 16, 2016
Finally,Social Media Posts Now Fair Game for Security Clearances. Ok, so now you know for sure. Govern yourselves accordingly as you post, tweet, & snap. What you do today WILL affect you tomorrow! WASHINGTON—The federal government will begin scanning applicants’ social media posts as part of the security clearance process, ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology