Obamacare Costly, Unconstitutional (Letter to the Editor)

by Gerald L. Wells  on Monday, Jul. 30, 2012 12:00 am  

TO THE EDITOR:
Can I assume that Editor Gwen Moritz ("The Devil We Knew," July 16) has read all 2,700-plus pages of Obamacare and "still think[s] Obamacare is a step forward?" I guess in her mind universal health care as in England or Canada is the next step. If you have read any reliable reports on health care in those two countries, you should come to the opposite conclusion that universal health care is not the answer. Does she really think that Obamacare solves the problems of employer-provided health insurance? Just the opposite.

Are you aware of a new study by the Joint Economic Committee that reports that Obamacare will impose higher taxes totaling $4 trillion between now and 2035? Among those taxes are:

1. Increase Medicare hospital insurance payroll tax from 2.9 percent to 3.8 percent for couples earning more than $250,000 a year ($200,000 for single filers).

2. Apply 3.8 percent hospital insurance tax to investment income for those two groups above.

3. Impose an annual fee on health insurance providers.

4. Apply a 40 percent excise tax on "Cadillac" health insurance plans.

5. Impose an annual fee on branded drugs.

6. Impose 2.3 percent excise tax on certain medical devices.

7. Raise the floor on medical expense deductions from 7.5 percent to 10 percent.

8. Limit Flexible Spending Accounts to $2,500.

9. Reduce number of medical products purchased from Flexible Spending Accounts and Health Savings Accounts.

10. Impose a 10 percent excise tax on indoor tanning salons.

 

 

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