Get Ready America...
Obamacare has ANOTHER Hidden Tax
Here's something not many people are aware of...
Starting in 2014, insurers will be forced to pay AN ADDITIONAL $63.00 tax for every person who HAS COVERAGE.
According to the article in the December 13, 2012 edition of the Las Vegas Review Journal, the tax is scheduled to expire at the end of 2016 and will supposedly generate about $25 billion, most of which will be paid back to insurers by the Department of Health and Human Services to cover the expected huge costs of benefits for Americans with pre-existing conditions.
Anyone really believe that tax will ever expire ?
So just where do you think the insurers AND self-insured plans are going to get that $63.00 ?
Is there anyone out there who believes your medical insurer will merely ABSORB this cost without passing it on to those participants in the plan?
Let me place this in perspective. Based on the approximate 1% interest rate you are currently earning on a CD, that amounts to ONE YEAR'S INTEREST on $6,300.
Now...let's add this to the "fiscal cliff" increases to ALL AMERICANS, and my guess, the "hidden" additional taxes that will be uncovered in this massive "wealth distribution," and perhaps someone might explain just HOW this is going to increase jobs and speed an economic recovery.
If you do not receive the Las Vegas Review Journal, here is a link to the article.
http://www.lvrj.com/opinion/surprise-tax-hike-183316511.html
Get ready, America, because this tax is just the beginning !
And, yes, Vice President Biden, to use your VERY WORDS...
"This is a big "f _ _ _ _ _ g" deal.
Is there anyone out there who believes your medical insurer will merely ABSORB this cost without passing it on to those participants in the plan?
Let me place this in perspective. Based on the approximate 1% interest rate you are currently earning on a CD, that amounts to ONE YEAR'S INTEREST on $6,300.
Now...let's add this to the "fiscal cliff" increases to ALL AMERICANS, and my guess, the "hidden" additional taxes that will be uncovered in this massive "wealth distribution," and perhaps someone might explain just HOW this is going to increase jobs and speed an economic recovery.
If you do not receive the Las Vegas Review Journal, here is a link to the article.
http://www.lvrj.com/opinion/surprise-tax-hike-183316511.html
Get ready, America, because this tax is just the beginning !
And, yes, Vice President Biden, to use your VERY WORDS...
"This is a big "f _ _ _ _ _ g" deal.
Dick Arendt
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