Seymour Flops
Diamond Member
I'm surprised that you're bragging about pulling the rug out from under hard working seniors who paid into Medicare all their lives.That’s not true. The marketplace pooled all of these people who wanted insurance together giving them consumer power. Then it was subsidized in 3 ways to make it affordable, the smallest of which was eliminated by crooked courts.
First, on the spending side, cuts in Medicare payment rates and reductions in payments to the Medicare Advantage program trimmed spending by more than $700 billion by 2025.
That's been eliminated, so why bring it up?Second and eventually eliminated the law raised revenue by imposing tax penalties on people who don’t have health insurance ($43 billion by 2025) and employers that don’t offer coverage to their workers ($167 billion), among other things.
Yes, the Democratic solution to fund their spending sprees: tax the rich. Never worked, never will. Rich people are far smarter than Democratic policians and IRS functionaries. During those years when Trump claimed zero income, how much did he pay into Obamacare?High-income taxpayers also help pay for Obamacare. The health law requires workers to pay a tax equal to 0.9% of their wages over $200,000 if single or $250,000 if married filing jointly to finance Medicare’s hospital insurance. It also imposes a 3.8% surtax on various forms of investment income for taxpayers whose modified adjusted gross income is over $200,000 if single or $250,000 if married filing jointly. Those provisions were to account for $346 billion in revenues by 2025.