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ObamaCare Taxes Will Increasingly Bite Middle Class

T

The Prof

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ibd, today:

When President Obama was selling his signature health care reform bill back in early 2010, he described it as the "largest middle-class tax cut for health care in history." The costs would be largely paid by taxing insurance companies "that stand to gain a lot of money and a lot of profits" and by making "sure that the wealthiest Americans pay their fair share on Medicare."


But a closer examination finds that ObamaCare's three biggest taxes — a Medicare surcharge, the so-called Cadillac tax and an insurance premium fee — will increasingly hit the middle class because of how the law indexes them for inflation and medical costs.
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ObamaCare Taxes Designed To Increasingly Bite Middle Class - Investors.com

it's called bracket creep

and if inflation every approaches 5% or so...

in other words, just another lie

obamacare's failure to index tax hikes for inflation

Health-Care Bill Doesn't Index for Inflation; Hits Young and Rising Middle Class Hard - WSJ.com

he hits (hard) the middle class

he has to, it's where all the money is

in other words, just another lie

no wonder obamacare author baucus today calls it a HUGE train wreck

fellow conspirator jay rockefeller exactly one week ago said essentially the same thing

obamacare is hundreds and hundreds of horrible headlines, without nary a pretty word

you hear that as spin?

if so, you've let your movement get away with you

expect more bad news to come, lots of it, and you're responsible

live it, libs, love it, it's yours
 
Well, they had to pass it so we could know what was in it.

Conservatives, from the inception of this disaster warned everyone, called their Congressmen, made a huge stink but it was passed anyway.

The Liberals lied, Obama lied and now the reality is becoming more amd more apparent, from the higher premiums to the job killing influence of a bill that mandates expenses on Bussinesses and individuals.

And the response ? Re-elect Captain incompetence.

The libs are responsible for one great failure after another.
 
One interesting unintended consequence---open shops that dont have unions are employing people under say 14$/hour or so will have no incentive to join the union. Because the benefits from healthcare via AHCA will be better or equal to that offered through tradeoffs in a group plan that they would lose a significant amount of pay in health premiums and union dues.

Short version: it will be harder to bring a union into an open shop once AHCA is in effect.
 
Gimmesometruth said:
"He pressed Sebelius to explain how her department will overcome entrenched misunderstandings about what the healthcare law does."


Oh...the irony!
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He's begging her to make something up.

It will be an unmitigated disaster of the highest order. It's already shooting costs up on middle class people, and it's not even installed yet. It's expected to be an 80 percent increase on premiums in the end.
 
Of course it will bite the middle class. The lower class has no money and the upper class gets to write the rules so they don't have to pay for anything.
 
Erod said:
He's begging her to make something up.
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Countering the misinformation spread by rw knownothings...is "making something up"? See, Baucus was not supporting your point, which is the irony.

It will be an unmitigated disaster of the highest order. It's already shooting costs up on middle class people, and it's not even installed yet. It's expected to be an 80 percent increase on premiums in the end.
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Thank you for proving my point.
 
Gimmesometruth said:
Countering the misinformation spread by rw knownothings...is "making something up"? See, Baucus was not supporting your point, which is the irony.

Thank you for proving my point.
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Have you checked your paystub? The premium has already gone up, and will soon skyrocket. I know. We've already earned our employees, and we've let a few go because our costs are going way up, too.
 
Erod said:
Have you checked your paystub?
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Um, the most common increase recently to "paystubs" has been the rollback of the FICA holiday.
The premium has already gone up, and will soon skyrocket. I know.
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Um, premiums have increased because the ins corps have decided to collect in advance for taxes they will pay on their PROFITS, taxes which have not yet gone into effect on unearned profits. We call that "gouging".

We've already earned our employees, and we've let a few go because our costs are going way up, too.
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Earned your employees?
 
Paschendale said:
Of course it will bite the middle class.
The lower class has no money and the upper class gets to write the rules so they don't have to pay for anything.
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If its effect was going to be so obvious, that it was going to place a huge amount of pressure on the very people who are struggling, then why did the Democrats support it ?

Conservatives since day one have been warning of the effect of this disastrous law.

Now you agree but blame it on the rich ?

When Obama took up the causes of the young, radical idiots who comprised the Occupy crowd, when he injected his corrupt, leftist college level half brained agenda into a free market economy so he could appeal to the takers, not the creators the mass suffering of millions of American families was a given.

This isn't the fault of "the rich", its the fault of every Democrat who voted for it and the President who signed it.
 
Gimmesometruth said:
The SOA "portray themselves as this nonpartisan think tank when in fact everything about the study is by people who have a vested interest in the outcome of the study," said Birny Birnbaum, executive director of the Center for Economic Justice, a Texas group that advocates on behalf of financial and utility consumers.
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Believe what you want, because I know you will.

Unlike you, I actually make these kind of decisions and deal directly with insurance providers. I know because I do. You're just guessing on the internet.
 
Erod said:
Believe what you want, because I know you will.

Unlike you, I actually make these kind of decisions and deal directly with insurance providers. I know because I do. You're just guessing on the internet.
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I'm guessing....and you are linking to an article I doubt you read and one you definitely did not understand since it did in fact point to the opposite of you support. This, and the previous article showing what Baucus was REALLY concerned about (the need, in his view, of the administration to counter the misinformation about "Obamacare) just points to a lot of people here NOT understanding a whole lot.
 
What a ridiculous and Misplaced thread.
It's a Study (and an Editorial), Not "Breaking News."
A/Any 'Recent' article isn't necessarily 'Breaking News'.

The 'News'? That in 20 YEARS, 'bracket creep' will hit the Middle Class! (the upper middle class anyway, if they don't adjust in 2 decades)
Shattering! Urgent!

breaking said:
"...The single largest tax hike in ObamaCare is the one that boosts the Medicare payroll tax rate to 3.8% on family incomes over $250,000, and extends that tax to their investment earnings.

Over the next decade, the Medicare surcharge will raise $318 billion, according to the Joint Committee on Taxation.
But these taxes, commonly described as targeting the rich, will soon hit middle-income families.

That's because the Democrats who wrote the law did not index the income thresholds for inflation. So more and more families will end up paying these "wealthy" taxes simply because they are getting cost-of-living increases — a phenomenon known as "bracket creep."

For example, in 20 Years, families with a combined income of $155,000 in today's dollars will face those higher Medicare taxes, assuming the inflation rate is the same as it's been for the past two decades."..."
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Breaking!
 
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the economist, today:

A CRUCIAL piece of Barack Obama’s health reforms will be in place in less than six months. That, at least, is the plan. New exchanges for buying insurance must be open on October 1st. Democrats intended the exchanges to be jostling markets, run by the 50 states, where individuals could shop for insurance. The White House insists that the deadline will be met and the exchanges will be a success. But many of Mr Obama’s allies are less sure.

Obamacare’s implementation has always been torturous. Recent weeks have been particularly tough for the law’s proponents. A fierce debate over insurance premiums, as well as problems with the exchanges for individuals and small businesses, have highlighted an ever more obvious reality. The health-care law, in practice, will look rather different from what Democrats promised.
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More Troubling Signs For The Implementation Of ObamaCare | The Economist

jostling exchanges?

yeah, as thriving a market as a venezuelan grocery, stocked to the rafters with mustard, canned peaches and nothing else

there was the HUGE problem announced just two weeks ago (you missed it)---the delay of shop implementation for a year

USAToday: Feds delay small-business health care program

it means that small businesses going thru the exchanges will, yes, indeed, have themselves a real live choice, as guaranteed by the campaigner-in-perpetuity, as promised repeatedly by the presidential teleprompter...

a choice of exactly ONE product

THIS is what the chair of senate finance (baucus) and the retiring 30-year chair of finance's subcommittee on health care (rockefeller) are griping about

but you knew that

there is then the problem of premiums, so many headlines, so many actuaries

but, fair or not, no one (successfully) argues with cbo

and elmendorf says +10 to +13%, premiums, that is

the biggest bug is---26 states aren't playing

that means kathleen (sebelius) has to do it

and they didn't quite foresee the funding (evidently counting on bobby jindal's and rick perry's cooperation)

Obamacare includes ample cash to help states with their exchanges. It gave less thought to how the federally run exchanges would be funded. Faced with an obstinate House of Representatives, HHS is on the scrounge. Mr Obama’s budget plan proposes diverting money from a fund meant to support preventive health care. This has irked Tom Harkin, a senator from Iowa, who on April 11th called it “totally illogical and self defeating.”
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no spin, wynn

ask senator baucus
 
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this morning

ZEKE EMANUEL: And the last thing of course is what happens with cost, which may be the biggest question of all. Can the premiums be capped relatively stable and not growing at ten, twelve percent. The first year is filled with uncertainty. No one, not the hospitals, insurers, or the federal government, know how many people are going to come in. Are they going to be a broad representation of the uninsured or will only the sick come in? That is a big fear of the insurance companies. That why you're seeing an increase in the rates. They're worried, we'll only get the sick, we're going to pay a lot of money, so we're increasing the rates because of uncertainty.
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Obamacare Adviser Zeke Emanuel: Obamacare Uncertainity Driving Up Premiums | RealClearPolitics

the ram's older brother was obama's special adviser for health policy as part of the omb

which is exactly what the chair of senate finance and his subcommittee chair are bitching about

the theme is---bite the middle class

premiums, taxes, choice, quality...

can YOU deny it?
 
Opthamologists walk out of Obamacare talk at national medical meeting | Twitchy

BIZZZiaCAAAqZ7a.jpg:large
 
So over $250,000 a year is "middle class"

LMAO !!!!!! ROTFLMOA!!!!

keep spouting the lies and pay your .9% or 3.2% taxes on your massive unearned income SCUM!
 
the hits keep coming

it's almost starting to look like a war on the middle class

WEDNESDAY, April 24, 2013 (Kaiser Health News) — In the latest preview of prices for health coverage under the Affordable Care Act, Maryland’s dominant insurer says proposed premiums for new policies for individuals will rise by 25 percent on average next year.

Late Tuesday Maryland regulators posted proposed rates and benefits for health plans to be sold through an online exchange, a step required under the health act, known as the Maryland Health Connection.

Maryland is an important state to watch because it has embraced Obamacare’s insurance reforms, setting up its own marketplace. But there have been serious concerns that the insurance offered there — and on every other exchange across the country — might be too expensive for people to buy.
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Maryland Offers Glimpse At Obamacare Insurance Math - Healthy Living - Everyday Health

carefirst covers 70% of terrapins

maryland, certainly the darkest blue demographics outside the american northeast, is one of our national leaders in progressive action---on gay marriage, taxing the rich, the "rain tax," the oyster state is way out front and leaning forward and moving as fast as any state in the nation in the direction already reached in california, illinois and the european union

other states aggressively experimenting include colorado (guns, gays) and new york (guns, gays)---as you know

governor omalley is the dga (chair of the democratic governors assn), as a matter of fact, and he harbors (kinda like schweitzer in montana, tho on polar aparts within the party) presidential ambitions

so maryland is one of the few states to embrace enthusiastically obamacare and its exchanges

call it a bellwether
 
nyt today: dem senators express to the white house their concerns with obamacare

Democratic senators, at a caucus meeting with White House officials, expressed concerns on Thursday about how the Obama administration was carrying out the health care law they adopted three years ago.

Democrats in both houses of Congress said some members of their party were getting nervous that they could pay a political price if the rollout of the law was messy or if premiums went up significantly.

President Obama’s new chief of staff, Denis R. McDonough, fielded questions on the issue for more than an hour at a lunch with Democratic senators.

Senator Jeanne Shaheen, Democrat of New Hampshire, who is up for re-election next year, said, “We are hearing from a lot of small businesses in New Hampshire that do not know how to comply with the law.”

In addition, Mrs. Shaheen said, “restaurants that employ people for about 30 hours a week are trying to figure out whether it would be in their interest to reduce the hours” of those workers, so the restaurants could avoid the law’s requirement to offer health coverage to full-time employees.

The White House officials “acknowledged that these are real concerns, and that we’ve got to do more to address them,” Mrs. Shaheen said.

Senator Tom Harkin, Democrat of Iowa and chairman of the appropriations subcommittee on health care, said he was extremely upset with Mr. Obama’s decision to take money from public health prevention programs and use it to publicize the new law, which creates insurance marketplaces in every state.

“I am greatly disappointed — beyond upset — that the administration chose to help pay for the Affordable Care Act in fiscal year 2013 by raiding the Public Health and Prevention Fund,” Mr. Harkin said.

The administration said it had transferred $332 million from the prevention fund to pay for “education and outreach” activities publicizing the new insurance markets, or exchanges.
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http://www.nytimes.com/2013/04/26/u...cerns-about-health-care-law-rollout.html?_r=0

iowa's tom harkin (retiring) is so put out he's placed a hold on marilyn tavener, appointee to m&m services

uber lib ben cardin from dark blue maryland worries about premiums---carefirst, which covers 70% of his state, announced yesterday price hikes of 25 to 50% in maryland, one of the few states to cooperate fully with obamacare's exchanges

link above

of course, finance chair and obamacare author max baucus announced his retirement mere days after calling obamacare's rollout not a train wreck but a HUGE train wreck

also retiring far leftist jay rockefeller of WV a week earlier said the same thing

are all these democratic senators wrong?

just yesterday, informed americans (very few of you) witnessed a bipartisan revolt against the administration's refusal to manage with minimal pain to the public sequester cuts at the faa

Democrats blink first on aviation cuts - Kathryn A. Wolfe and Burgess Everett - POLITICO.com

surprised?

embarrassed yet?

increasing numbers of congressional democrats are

stay tuned
 
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