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OBAMA'S HEALTH INSURANCE TAX: COMING SOON TO ALL POLICIES
By DICK MORRIS & EILEEN MCGANN
Published
on DickMorris.com on September 25, 2009
The Baucus healthcare bill provides for a tax on "gold-plated" health insurance
policies. But, as with the Alternative Minimum Tax, once slated to be imposed only on the wealthy, inflation will make most
Americans liable to pay the 40 percent tax in a few years.
The tax applies to all individual policies with premiums
above $8,750 and families of four whose premiums exceed $23,000. But the Congressional Budget Office estimates that the average
health insurance premium for families of four will reach $25,000 by 2018. The average premium should pass the thresholds in
Baucus's bill by 2016.
So, a few years after the bill takes effect in 2013, the health insurance premium tax will become
virtually universal. And this tax is to be a 40 percent levy. So, in six years, the average family health insurance policy,
now projected to cost $25,000, will, in fact, cost $35,000 due to the Obama-Baucus tax!
The Baucus bill tax threshold
is, of course, not indexed for medical inflation or even for regular inflation. (Premiums have been rising at 10 percent for
a decade and the average family premium now is 109 percent higher than it was 10 years ago.)
Will Congress act, in
the future, to index the health insurance premium tax so it does not reach down to the average American's policies? Not very
likely. As costs rise under ObamaCare (as they have in Massachusetts, where they have more than doubled in two years), the
pressure for increased revenue will dictate that Congress let the tax grow and expand its reach until it is a universal tax
that pays for universal care.
Until now, the Obama plan has not meant much for the average American who now has insurance.
While scarcity of doctors and medical care is a likely result, the harm was largely confined to the elderly, who will bear
the brunt of the rationing. But now, the Baucus bill shows that the real story is quite different. In a few years' time, most
families will find their health insurance premiums 40 percent higher because of the new tax. Far from cutting the cost of
health insurance, the bill will send it through the roof!
To fight this bill, please go to https://www.newsmaxstore.com/contribute/lav/
to donate funds to run ads in key swing states (like Maine) to stop this iniquitous piece of legislation.
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Excerpts
from the Healthcare Bill.
.
Page 22: Mandates audits of all employers that self-insure.
. Page 29: Admission: your health care will be rationed.
.
Page 30: A government committee will decide what treatments and benefits you get (and, unlike an insurer, there will
be no appeals process)
. Page 42: The "Health Choices Commissioner" will decide health benefits for you. You will have
no choice. None.
. Page 50: All non-US citizens, illegal or not, will be provided with free healthcare services.
.
Page 58: Every person will be issued a National ID Healthcard.
.
Page 59: The federal government will have direct, real-time access to all individual bank accounts for electronic
funds transfer.
. Page 65: Taxpayers will subsidize
all union retiree and community organizer health plans (read: SEIU, UAW and ACORN)
. Page 72: All private healthcare
plans must conform to government rules to participate in a Healthcare Exchange.
. Page 84: All private healthcare plans
must participate in the Healthcare Exchange (i.e., total government control of private plans)
. Page 91: Government
mandates linguistic infrastructure for services; translation: illegal aliens
. Page
95: The Government will pay ACORN and Americorps to sign up individuals for Government-run Health Care plan.
.
Page 102: Those eligible for Medicaid will be automatically enrolled: you have no choice in the matter.
. Page 124: No
company can sue the government for price-fixing. No "judicial review" is permitted against the government monopoly. Put simply,
private insurers will be crushed.
. Page 127: The AMA sold doctors out: the government will set wages.
. Page 145: An employer MUST auto-enroll employees into the government-run public plan. No alternatives.
.
Page 126: Employers MUST pay healthcare bills for part-time employees AND their families..
.
Page 149: Any employer with a payroll of $400K or more, who does not offer the public option, pays an 8% tax on their
payroll.
. Page 150: Any employer with a payroll of $250K-400K or more, who does not offer the public option, pays
a 2 to 6% tax on payroll
. Page 167: Any individual who doesn't have acceptable healthcare (according to the government)
will be taxed 2.5% of income.
. Page 170: Any NON-RESIDENT alien is exempt from individual taxes (Americans will pay for
them).
. Page 195: Officers and employees of Government Healthcare Bureaucracy will have access to ALL American
financial and personal records.
. Page 203: "The tax imposed under this section shall not be treated as tax." Yes,
it really says that.
. Page 239: Bill will reduce physician services for Medicaid. Seniors and the poor most affected.
.
Page 241: Doctors: no matter what specialty you have, you'll all be paid the same (thanks, AMA!)
. Page 253: Government
sets value of doctors' time, their professional judgment, etc.
. Page 265: Government mandates and controls productivity
for private healthcare industries.
. Page 268: Government regulates rental and purchase of power-driven wheelchairs.
.
Page 272: Cancer patients: welcome to the wonderful world of rationing!
. Page 280: Hospitals will be penalized for what
the government deems preventable re-admissions.
. Page 298: Doctors: if you treat a patient during an initial admission
that results in a readmission, you will be penalized by the government.
. Page 317: Doctors: you will be prohibited
from owning and investing in healthcare companies.
. Page 318: Prohibition on hospital expansion. Hospitals cannot
expand without government approval.
. Page 321: Hospital expansion hinges on "community" input: in other words, yet another
payoff for ACORN.
. Page 335: Government mandates establishment of outcome-based measures: i.e., rationing.
. Page 341:
Government has authority to disqualify Medicare Advantage Plans, HMOs, etc.
. Page 354: Government will restrict
enrollment of SPECIAL NEEDS individuals.
. Page 379: More bureaucracy: Telehealth Advisory Committee (healthcare by
phone).
. Page 425: More bureaucracy: Advance Care Planning Consult: Senior Citizens, assisted suicide, euthanasia?
.
Page 425: Government will instruct and consult regarding living wills, durable powers of attorney, etc. Mandatory.
Appears to lock-in estate taxes ahead of time.
. Page 425: Government provides approved list of end-of-life resources,
guiding you in death.
. Page 427: Government mandates program that orders end-of-life treatment; government
dictates how your life ends.
. Page 429: Advance Care Planning Consult will be used to dictate treatment as patient's
health deteriorates. This can include an ORDER for end-of-life plans. An ORDER from the GOVERNMENT.
.
Page 430: Government will decide what level of treatments you may have at end-of-life.
. Page 469: Community-based
Home Medical Services: more payoffs for ACORN.
. Page 472: Payments to Community-based organizations: more payoffs for
ACORN.
. Page 489: Government will cover marriage and family therapy. In other words, Government intervenes in your
marriage.
. Page 494: Government will cover mental health services: defining, creating and rationing those services.
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