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.
