- Increase taxes on (once again) the upper class... but that was a duh given considered this administration's bizarre distaste for successful people.
- Charges a fee to insurance providers.... Which of course is going to be passed on somehow, somewhere.
- Imposes fee on branded drugs... Once again, this cost will get passed on somehow, somewhere.
- Raises the AGI floor for medical deductions from 7.5% to 10%... Guess they think only the rich have medical deductions. This WILL affect middle class homes too!
- Limit contributions to flexible spending/cafeteria plans... Since those over a certain income cannot even participate in these then this here DIRECTLY HITS THE MIDDLE CLASS!
- Summary of spending offsets: (ten year projection)
- Reduce funding for Medicare Advantage policies: $132 billion
- Reduce Medicare home health care payments: $40 billion
- Reduce certain Medicare hospital payments: $22 billion
***** Estimated cuts to Medicare by whomever made this projections is $194 Billion!
- Reduce funding for Medicare Advantage policies: $132 billion
- Medicare patients with chronic illnesses MUST be re-evaluated every 3 months
- Insurers must spend a certain percentage of premium dollars on eligible expenses...
Whoa! Since when in this country was a for-profit company forced to limit profit???
- Anyone (single individuals and self-employed) with earned income over $200,000,
married filing together with earned income over $250,000 (yes, a marriage penalty... Go Figure), and married filling separately with earned income over $125,000 each will have to pay an additional Medicare tax.
- Also, anyone with unearned income over the above limits will pay an ADDITIONAL tax..... So far this plan sounds like its doing a LOT of additional taxing to ALL!
- By 2016, anyone without not covered under an “acceptable” insurance policy will pay an fine of up to 2.5% of their income over the filing minimum.... The government is expecting and counting on at least 4 million people paying this fine! So at least now we know how they are hoping to reduce some debt!
- For the first 2 years, any small business with less than 11 full time employees with their average salary being less than $25,000 annually will receive a 50% refund on insurance premiums paid!!!! This rebate is reduced by 6.7% per additional employee and 4% per additional $1,000 of average compensation......So the administration is ENCOURAGING small businesses to under pay and only hire part time workers!!! WOW!
- An excise tax on pharmaceutical companies that is based on their market share.... More costs that will be passed on somewhere, somehow.
- An excise tax on medical devices.... Now would be a good time for me to turn a nice payday on my nebulizer.... Any buyers????
- A tax on insurance companies (in addition to the fee they pay) based on their market share.... Again, this will somehow be passed on somewhere, somehow.
- Payments to physicians will be based on quality.... I foresee time-consuming and irritating surveys in all of our futures. And then doctors dropping out of the medical field because in this country so many can never by pleased and so many just won’t bother with these surveys.
I’m sure I missed many other mindless items from this “healthcare” plan but its 2,500 pages... You read it.
I also think you should read Bad Medicine... very informative and more nicely written than my bulleted guide here.
I also think you should read Bad Medicine... very informative and more nicely written than my bulleted guide here.
