But Massive Obamacare Sales Tax Increase That Is On the Way

[Jroc]

More Obama taxes on the "middle class"

The Joint Committee on Taxation released a report to Committee of Ways and Means Chairman Dave Camp shortly after the Supreme Court ruling that recalculates the costs to insurers, consumers and businesses under the new plan. According to their report – which does not include updated scores for the individual mandate, the employer mandate, or certain other revenue effects – the tax increases that remain on the books will cost taxpayers more than $675 billion over the next ten years. Chief among these will be the sales tax on the purchase of health insurance, totaling $101.7 billion, and making it larger than all the other industry-specific taxes combined.

“The health insurance tax will add a financial burden on families and small businesses at a time when they can least afford it, and it should be repealed, ” says AHIP, a trade association representing health insurance industry providers, in today’s call for the repeal of the health insurance tax before it can take affect. As they report,

· Starting next year the ACA imposes a new $100 billion tax on health insurance. The tax will start at $8 billion in 2014, increasing to $14.3 billion in 2018, and will continue to increase each year.

· The health insurance tax is larger than the device tax and the prescription drug tax combined.

· The health insurance tax will increase costs for individuals and families purchasing coverage on their own, small businesses, seniors and people with disabilities enrolled in a Medicare Advantage plan, and state Medicaid managed care plans.

· The health insurance tax is far greater than the minimum penalty for those who choose not to buy health insurance – further incentivizing young, healthy people to forgo purchasing insurance until they need medical care.

President Obama views the tax revenue generated by the health insurance sales tax and the twenty one other tax hikes in the ACA as essential to fund the his expensive Obamacare reform. John C. Goodman, author of Priceless: Curing the Healthcare Crisis (Independent Institute, 2012) and President of the National Center for Policy Analysis, joins AHIP’s Ignani in his dissention of Obama’s costly healthcare tax increases, claiming they are for American families already wrought with worry amidst an economic recession.

“The ObamaCare health insurance tax hits some of the most vulnerable people in our society, including poor people in Medicaid managed care plans and seniors in Medicaid advantage plans. It is also a tax on middle-income families who were promised by this administration that taxes would never rise.”

The Unsung, But Massive Obamacare Sales Tax Increase That Is On the Way - Forbes




[ame=http://www.youtube.com/watch?v=6HE-rGGKksQ]President Obama s Pledge Never to Raise Taxes on Anyone Making Less Than 250 000 a Year - YouTube[/ame]

 

[S.J.]

He's a lying piece of shit, but he's black, so he gets a pass.

 

[francoHFW]

Total lie. LOL

 

[Jroc]

Total lie. LOL

Prove it

 

[tooAlive]

Total lie. LOL

Because Forbes is such a right-wing propaganda factory right?

 

[Claudette]

Of course Franky and the lefties don't want to believe the ACA is anything but affordable.

Guess we'll all see when its fully implemented and those of with beni's or buying our own are paying up the ass for it. We will also be subsidizing anyone who can't afford their own insurance.

Get ready folks we are going to get fucked one more time by the Clowns in Congress and the SC.

 

[asaratis]

Of course Franky and the lefties don't want to believe the ACA is anything but affordable.

Guess we'll all see when its fully implemented and those of with beni's or buying our own are paying up the ass for it. We will also be subsidizing anyone who can't afford their own insurance.

Get ready folks we are going to get fucked one more time by the Clowns in Congress and the SC.

What's this "one more time" stuff? We're getting screwed forever!

 

[sarahgop]

obama despises the middle class.

 

[asaratis]

obama despises the middle class.

Obama despises the United States. He favors a World Order wherein he occupies a seat on the Central Committee.

 

[Oldguy]

That tax won't apply to everyone purchasing health insurance:

"The ACA imposes a new $100 billion sales tax on health insurance that will add to the cost of coverage for people purchasing coverage on their own, small employers, Medicare Advantage beneficiaries, and Medicaid managed care programs."


America's Health Insurance Plans - Affordability

 

[Claudette]

And just who do you think will be paying this tax??

 

[ScienceRocks]

Obama is a globalist marxist asss.

 

[OriginalShroom]

The plan is to use ACA as a stepping stone to single payer. Make private insurance so expensive that Americans will be begging for a European model of healthcare.

Which is what Obama and the Democrats really want anyway.

 

[RDD_1210]

obama despises the middle class.

He also hates babies and children and elderly women!!!

 

[RDD_1210]

The plan is to use ACA as a stepping stone to single payer. Make private insurance so expensive that Americans will be begging for a European model of healthcare.

Which is what Obama and the Democrats really want anyway.

We can only hope we reach that point.

 

[Jroc]

obama despises the middle class.

He also hates babies and children and elderly women!!!

Please Obama can my grandmother live...

[ame=http://www.youtube.com/watch?v=U-dQfb8WQvo&feature=endscreen&NR=1]Obama to Jane Sturm: Hey, take a pill - YouTube[/ame]

 

[RDD_1210]

I heard Obama also plans to tax oxygen!

 

[HereWeGoAgain]

I heard Obama also plans to tax oxygen!

You laugh...
But I wouldnt put anything past that moron.

 

[Jroc]

That tax won't apply to everyone purchasing health insurance:

"The ACA imposes a new $100 billion sales tax on health insurance that will add to the cost of coverage for people purchasing coverage on their own, small employers, Medicare Advantage beneficiaries, and Medicaid managed care programs."

America's Health Insurance Plans - Affordability

There's new taxes everywhere in this thing and it'll only get worse..

According to their report – which does not include updated scores for the individual mandate, the employer mandate, or certain other revenue effects – the tax increases that remain on the books will cost taxpayers more than $675 billion over the next ten years

.

In fact, Medicare Advantage beneficiaries will see costs rise from $16 to $20 per member per month in 2014 – increasing to between $32 and $42 by 2023. The costs for Medicare Advantage coverage over the next ten years is expected to reach $3,590. Individuals on Medicaid managed care will see increase costs on an average of $1,530 per enrollee between 2014 and 2023.

The Congressional Budget Office (CBO) supports Ignagni and Goodman’s warnings, stating that the health insurance sales tax will be “largely passed through to consumers in the form of higher premiums.” Unfortunately, as Goodman predicts, “this is only one example of many middle income taxes buried in ObamaCare.” The time to repeal and replace is narrowing, with just months now separating us from another massive tax hike that Americans cannot afford.

The Unsung, But Massive Obamacare Sales Tax Increase That Is On the Way - Forbes

 

[AmericanFirst]

Total lie. LOL

WRONG IDIOT!!!! Obamaturd is the one that lied and stupid people like you believed the piece of shit.