Wednesday, September 16, 2009

Part of an article I read-I hope this scarey stuff doesnt pass. I cant afford it.

Americans for Tax Reform catalogued the Baucus proposal's other tax increases:

• An employer mandate tax of $400 per employee that would be an incentive to drop coverage.
• A health savings account distribution penalty of 10% to 20%.

• Expensive IRS reporting requirements that look suspiciously like a prelude to the individual taxation of employer-provided health insurance.

• Big taxes slapped on various sectors of the medical industry: $6 billion a year on private health insurance firms, $4 billion from medical device manufacturers, $2.3 billion from the pharmaceutical industry and $750 million levied on clinical labs.

You can bet whatever remains of your bottom dollar that health care insurance customers will end up paying those added costs.

And for what? A federally mandated requirement to buy health insurance they can't afford, with big deductibles, plus extensive out-of-pocket costs.
As Laszewski explains, a family of four earning $66,000 "would be expected to spend $8,600 for a health insurance plan that would likely have a $2,000 deductible. If they didn't buy it, they would have to pay a fine of $3,800."

Being forced onto the road toward socialized medicine won't just extract a cost in health care consumer freedoms.

It will also, at a time of economic calamity, cost Americans a whole lot in hard-earned cash.

1 comment:

  1. "An employer mandate tax of $400 per employee that would be an incentive to drop coverage."

    Sherry,

    I totally agree.

    Unless I'm missing something, this would be a huge incentive for employers to drop coverage.

    Shouldn't there be two separate provisions:

    one for employers who don't currently provide coverage

    and a second for employers who do?

    I don't understand why this isn't getting more traction.

    ReplyDelete