What happens if Obamacare is overturned?
Ever wonder why our economy is in such turmoil?
If Obamacare were to be overturned, wouldnt it just add to more chaotic circumstances?
The reason we cant seem to grow our economy is because we are so unpredictable here in America as of lately.... everything is so uncertain. Dont let anyone fool you... there is lots and lots of money out there to be invested, but we will have the highest corporate income tax in the world next week
Who in their right mind wants to move their company here... why would anyone want to start a new business?? Better yet, why put it here??
I mean Hell, we have no idea when the madness of Cass Sunstein will ever end... he has instituted around 10,000 new regulations that will affect all of us in one way or another (who needs 'cap and trade' right?)
Trying to do business here in America is just plain crazy....
Now what if they take Obamacare off the table, is it going to make an insane situation even that much more insane....! How do I as a business owner plan for my employee's healthcare needs for the next year??
Then there is the election coming up!!! How are you going to know what to do till Obama either gets back in or does'nt get back in.... ? Whats going to happen with healthcare? Will it be repealed??
What are health insurance companies going to do??
They have been planning for this new BS HC bill... what now???
Our economy is getting sea-sick from being turned on its head so much.
Wow 'Hope and Change' has been good has'nt it??
Just food for thought
Honestly, most of it is all a bunch of crap. Businesses aren't growing because there isn't enough demand, that is the bottom line. Every administration puts new and different regulations into place that affect business. Bush put in many more than Obama has. This isn't something new. Business deals with it. Healthcare is pretty much the same. Whatever happens, they'll figure it out. The bottom line is that costs continue to rise and they will rise even more if Obamacare is overturned. Just wait and you will see. If the SCOTUS overturns the entire thing or even if they just overturn the mandate, I guarantee it will lead to even bigger rate increases. The insurance companies will then tell us it's due to the fact that they are losing 30 million potential customers whom they had counted on as having as clients.
Really? Glad to get your guarantee...
1. While half of the costs for Obamacare are stolen from Medicare, the other half will come from increases in taxes. The Obamacare tax increases will total $503 billion between 2010 and 2019. JCX-17-10
a. There are taxes on investments, and on higher-income taxpayers. Small businesses will be burdened with mountains of paperwork (IRS reports of any sum over $600 per vendor designed to catch tax cheats, and raise $17 billion over ten years).
b. But most of the PPACA taxes will be related to health care, and as such, will affect all Americans. An example, is the limitation on the Blue Cross/Blue Shield special tax deduction. Who so you suppose will be paying that increase? Based on a research study commissioned by the Blue Cross Blue Shield Association, we believe that premiums will increase as a result of provisions in the reform legislation that will guarantee richer levels of benefits Blue Cross Blue Shield
c. Health care spending accounts, presently tax-favored, there will be an increased 20% tax penalty (double what is was) if you purchase goods disallowed by the law, including a new tax on brand name drugs. Companies providing medical devices and insurance will see new taxes that will assuredly be passed on to consumers.
d. Most of the new taxes kick in after the election including an increase in the Medicare payroll tax from 2.9 to 3.8%, if you and your spouse earn over $250,000. And a new 3.8% tax on unearned or investment income, if you reach a certain income threshold: stocks, bonds, dividends, rents and even the sale of your home! http://everythinghealthcare.wordpress.com/2010/
e. CBO states Medicare taxes will account for $210 billion in additional federal revenue between 2010 and 2019. Baker Hostetler | News / Resources | Health Law Update
f. In 2018, there will be a tax on Cadillac high-value policies, @ $10,200/ individual and $27, 500/ families, the insurance company will pay an excise tax of 40% on any thing above that, and this is expected to raise $32 billion during the first two years alone. Care to guess what will happen to premiums?
2. With each passing year new taxes will be imposed. As disclosed on the attached chart from the
California Hospital Association:
2011: A 2.5% excise tax is imposed on pharmaceuticals. (This is part of the plan to pay for the
reform law.) This cost which will be in the billions of dollars - will be passed on to health care
providers, primarily hospitals, who already operate with very thin margins, and will be under
great financial pressure to raise their rates to pay for it, with resulting price pressure on health
insurance premiums.
2012: That excise tax increases to 3%.
2013: A separate 2.9% excise tax on medical devices will begin. The same pass-through will take
place, creating the same pressures on providers and on insurance premiums.
2014: An $8 billion fee on health insurance premiums kicks in. Obviously consumers will bear
this tax and their premiums will rise.
Because of all these costs, Obamacare is generally unsustainable. Here is one study that addresses that
issue:
Obamacare: The Real Price Tag is a Moving Target
So, as general view, you believe that mandating more coverage is a cheaper way to go.....
Really?
