Has anyone read this book about Obamacare?

Discussion in 'Politics' started by Thee, Jun 29, 2012.

  1. Thee
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    Thee BANNED

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    My friend told me about this e-book: ”Decoding the Obama Health Law: What You Need to Know” by Betsy McCaughey.

    He told me that it explains it everything very clearly, but he is a corporate lawyer who reads dense texts for leisure, so I'm a bit skeptical about the the book's accessibility.

    That's why I'm asking if anyone here has read it and what they thought about it. Is it worth checking out?
     
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    Last edited: Jun 29, 2012
  2. healthmyths
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    healthmyths Gold Member Supporting Member

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    Here is all you need to know:
    In 1996 after Hillarycare collapsed we had HIPAA!
    HIPAA adds to health care administration costs:

    According to AHA-funded research, hospitals nationwide are
    planning to spend as much as $22 billion during the first 5 years to comply
    with applicable HIPAA laws. For example, they project that implementing
    minimum necessary requirements will cost a minimum $1.3 billion over 5
    years for hospitals and up to $19.8 billion if hospitals must invest in new or
    upgraded computer systems.


    The new taxes, which cost some $675 billion over the next decade, include:

    • A 2.3% excise tax on U.S. sales of medical devices that's already devastating the medical supply industry and its workforce. The levy is a $20 billion blow to an industry that employs roughly 400,000.

    Several major manufacturers have been roiled, including: Michigan-based Stryker Corp., which blames the tax for 1,000 layoffs; Indiana-based Zimmer Corp., which cites the tax in laying off 450 and taking a $50 million charge against earnings; Indiana-based Cook Medical Inc., which has scrubbed plans to open a U.S. factory; Minnesota-based Medtronic Inc., which expects an annual charge against earnings of $175 million, and Boston Scientific Corp., which has opted to open plants in tax-friendlier Ireland and China to help offset a $100 million charge against earnings.

    • A 3.8% surtax on investment income from capital gains and dividends that applies to single filers earning more than $200,000 and married couples filing jointly earning more than $250,000.

    • A $50,000 excise tax on charitable hospitals that fail to meet new "community health assessment needs," "financial assistance" and other rules set by the Health and Human Services Dept.

    • A $24 billion tax on the paper industry to control a pollutant known as black liquor.

    • A $2.3 billion-a-year tax on drug companies.

    • A 10% excise tax on indoor tanning salons.

    • An $87 billion hike in Medicare payroll taxes for employees, as well as the self-employed.
    • A hike in the threshold for writing off medical expenses to 10% of adjusted gross income from 7.5%.

    • A new cap on flexible spending accounts of $2,500 a year.

    • Elimination of the tax deduction for employer-provided prescription drug coverage for Medicare recipients.

    • An income surtax of 1% of adjusted gross income, rising to 2.5% by 2016, on individuals who refuse to go along with ObamaCare by buying a policy not OK'd by the government.

    • A $2,000 tax charged to employers with 50 or more workers for every full-time worker not offered health coverage.

    • A $60 billion tax on health insurers.

    • A 40% excise tax on so-called Cadillac, or higher cost, health insurance plans.

    All told, there are 21 new or higher taxes imposed by Obama's health care law — and 21 more reasons to repeal it.
     
  3. SniperFire
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    SniperFire Senior Member

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    It is known as 'ObamaTax' now.

    Just a point of information!

    :lol:
     
  4. konradv
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    konradv Gold Member

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    Considering it uses the word "decoding", it's not a book I'd have much faith in. It screams "I don't really care about the topic, I want to cash in on the latest buzz word". :cool:
     
  5. Oblamma
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    Oblamma BANNED

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    Should be called "O-Bumma sux: Y socialists R runing this country" . Obummacare is a ponzi scheme! that's all you need to know about this SCAM.
     
  6. Oblamma
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    Oblamma BANNED

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    Read my book nstead "OBAMA THE THEIF!!!!!!!!!!!"
     
  7. HuffMaddow
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    HuffMaddow BANNED

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    Wow, really witty. Keep listening to Rush.
     
    Last edited: Jun 29, 2012
  8. Oblamma
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    Oblamma BANNED

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    Listen I nkow ur a mental MIDGET because you voted 4 that LIBTARD OBUMMA.... but let me break it down 4 you:

    THIS CROOK WANTS TO DESTROY THE CONSTITUTION AND TURN THIS ONCE GREAT COUNTRY INTO A SOVIET HELL=HOLE! SCREW OBAMMMA!
     
  9. Vast LWC
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    Vast LWC <-Mohammed

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    Well, let's see, I guess before I read it, I should find out a little about the author:

    Betsy McCaughey... let's see:

    Betsy McCaughey - Wikipedia, the free encyclopedia

    And there you go.

    Looks like "corporate lawyers" can be as nastily partisan as everyone else.
     
    Last edited: Jun 29, 2012
  10. konradv
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    konradv Gold Member

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    Look who's calling people "mental midgets"!!! Can't spell and uses ALL CAPS. :lmao:
     
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