[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 (529) times.


Log In to post comments.

Previous blog entries by PoliticsNation
 
PIzzaGate is a lie! But The Bloggers- Worse!
February 13, 2017
I"m amazed- how gullible most of the bloggers on this site are. Pizza gate is as real as Godzilla or Santa and the bloggers on this site--would most likely believe those fictional characters are real too. Today, is my last day blogging on this site because I've come to realize ...
Read More »
 
Trump Gets Slapped By Lady Liberty! Not Above LAW
February 10, 2017
WINNERS: the rule of law, the judiciary, the separation of powers, the Constitution, American values, democracy Loser--Donald Trump WASHINGTON — A federal appeals panel on Thursday unanimously rejected President Trump’s bid to reinstate his ban on travel into the United States from seven largely Muslim nations, a sweeping rebuke of ...
Read More »
 
The GOP Screw Of The Week!
February 09, 2017
Pay attention working class voters! GOP Are Moving To Scrap Rules That Limit Overdraft Fees. Republicans Are Moving To Get Rid Of Rules That Limit Overdraft Fees https://www.buzzfeed.com/matthewzeitlin/republicans-are-moving-to-scrap-rules-on-overdraft-charges?utm_term=.hiVGJJZoo via @mattzeitlin
Read More »
 
The Letter The Republicans Don't Want You To See!!
February 08, 2017
This letter is a must read. (CNN)In 1986, Coretta Scott King, the widow of Martin Luther King Jr., wrote a letter to Sen. Strom Thurmond criticizing Jeff Sessions, who was then a nominee to be a federal judge. On Tuesday night, Massachusetts Sen. Elizabeth Warren attempted to read part of ...
Read More »
 
Dr. Lee-Most Investigated Administrator In LIberty
February 06, 2017
The Coastal Courier seems to go out of the way to investigate Dr. Lee. Why is Dr. Lee the only administrator in Liberty County to be called out and investigated on a routine basis? I've been informed by a reliable resource that most of the male administrators in Liberty County ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology