God help us

Hands off my healthcare

The health care bill has passed and the new battles are in progress. 14 states have filed suit against the Federal government to stop this transgression on states rights.

The impact of this Bill is staggering.

High income individuals earning $250,000 or more will pay an addition ‘Health Insurance’ tax through their Medicare wage tax. Tack on an additional 0.9% tax there.

There is also an additional tax of 3.8% on interest, dividends, capital gains, annuities, royalties, and rents. This tax is based on the
‘gross income’.

Does your employer provide a great health care plan for you? Not for long. This bill imposes a an excise tax on insurance companies equal to 40% of premiums received on such ‘Cadillac plans’. So how does the bill define an excess benefit? Does your company pay $8,500 per year in premiums on your behalf? If so, the plan is excess. Who the hell do they think they are to tell us we cannot have good coverage? But let’s remember that ‘this is for the people’.

The act also imposes a non deductible ‘Industry fee’ on insurance companies. This is not a tax that companies can plan for. The Treasury Department will divide the total ‘fee’ among insurers based on their market share. This is the epitome of taxation without representation. The first year a total of $2 BILLION will be divided among insurers. By 2014 it will $9 BILLION. Do you still doubt that the intent here is not to destroy private insurance companies?

Pharmaceutical manufacturers and importers and medical device manufacturers are also now subject to similar fees.

I’ll have more but I’ve reached the end of my tolerance right now.