Senate Obamacare Not Health Care Reform

The Harry Reid- Senate- Obamacare Health Care bill has many new taxes in it.  It has 118 new boards, commissions, and programs.  What Obamacare doesn’t have is the needed health care reform.

Here are some of the new taxes:

Innovative Medicine Companies: (Page 2010/Sec. 9008): $2.3 billion annual tax on the industry imposed relative to share of sales made that year.

Medical Devices like Prosthetic Limbs, Wheelchairs, and Pacemakers: (Page 2020/Sec. 9009): $2 billion annual tax on the industry imposed relative to shares of sales made that year. (Exempts items retailing for less than $100).

Over-the-counter medicines: (Page 1997/Sec. 9003): Outlaws use of pre-tax dollars (HSA, FSA, or HRA) for over the counter medicines, except insulin – essentially imposing a new tax on them.

Obamacare is increasing the costs by putting additional taxes on hearing aids, pacemakers, wheelchairs, artificial limbs, and many other things.  How is this giving better coverage?  This isn’t giving more coverage to more people.  This is a tax increase for those who can least afford it.

More taxes on private insurance:

Private Medical Expenses: (Page 2034/Sec. 9013): Increase of the minimum medical expenses required before being able to take a deduction (the “haircut” for the Medical Itemized Deduction) from 7.5% to 10% of AGI (waived for taxpayer 65 and older in 2013-2016 only).

Prescription Drugs for Retirees: (Page 2034/Sec. 9012): Elimination of tax deduction for employer-provided prescription drug coverage for retirees.

FSA Cap: (Page 1999/Sec. 9005/$14.6 bil): Imposes cap on FSAs of $2500 (now unlimited). Hence there will be a new tax on medical expenses above this cap. This will most hurt families of special-needs children, who tend to use outsized FSA deferrals.

Health Insurance Premiums: (Page 2026/Sec. 9010): $6.7 billion annual tax on the industry imposed relative to health insurance premiums collected that year.

Comprehensive Health Insurance Plans: (Page 1979/Sec. 9001): Starting in 2013, new 40 percent excise tax on “Cadillac” health insurance plans ($8500 single/$23,000 family), affecting those with high medical expenses as well as those in high-cost areas.

It seems reasonable to assume that elitist progressive Barak Hussein Obama wants to see less private medical care. Although he has frequently said that he wants to “promote competition” in the health care industry, he has also occasionally admitted that the advantage the government programs must have over the private sector will likely lead to the reverse. Indeed, taxing them in addition is the way to squeeze them out.

Obamacare is socialized health care.  The tax increases in the Reid- Obamacare bill will destroy America’s health care.  This is to control Americans through their health care.

Stay engaged America.  We can and will stop Obamacare.  Tell your Representatives and Senators loudly NO to Obamacare socialized healthcare.

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