Health Care Bill is a Tax Bill
400 billion dollars of new taxes will be imposed upon the population of the US. 90% of the burden of the new taxes (which will start immediately after passage) will be on those making less than $200,000 a year and half of the tax burden will fall on those making less than $100,000 a year. Still, and even though most of us will pay higher taxes for this so called reform, an estimated 25 million people will not have medical coverage under this plan. 40% of all current health plans will have higher, new taxes. Benefits will be cut to 25% of seniors on Medicare. Insurance companies will have to raise fees significantly in order to break evenly. The IRS will be stronger. 30 new federal agencies will be required to administer the program.
For the full report of the costs to YOU with the Baucus Health Care Bill, please go to Price Waterhouse here
“From each according to his abilities, to each according to his needs.”
Welcome to collectivism!
Thanks to NCPA for the following info;
- For individuals making $34,140 (three times the Federal Poverty Level) the Baucus health care proposal could mandate up to $4,097 in annual premiums, a sum which could have been spent on over nine months of food, almost four months of housing or well over a year of utilities.
- For a family of four making $69,480 (300 percent above poverty) the Baucus bill mandates annual health insurance premiums of $8,338, which would be worth the equivalent of over 10 months of food, four months of housing or almost two years of utilities.
- For individuals earning $45,520 (400 percent above poverty) Baucus mandates $5,462 for health insurance, or over a year of food, four months of rent or a year and a half of utilities.
- For families earning $92,640 (400 percent above poverty) Baucus mandates $11,117 in health premiums, the equivalent of over a year of food, five months of housing or two years of utilities.”
Source: Report, “Potential Impact of Health Reform on the Cost of Private Health Insurance Coverage,” PricewaterhouseCoopers, October 2009.