Saturday, March 10, 2012

Obamacare - #3718 - The 10 Provisions of Obamacare You May Not Have Heard of - Heritage Foundation (2) VIDEO: The Obama Care Death Spiral Continues - Human Events

Obamacare includes such a variety and volume of negative policies that it’s hard to keep track of them all. Here is a list of 10 terrible provisions that every American should be aware of:
(1) It increases taxes on families earning over $250,000. In 2013, the employee portion of the Medicare payroll tax will increase from 1.45 percent to 2.35 percent for families earning $250,000 or more and individuals earning $200,000 or more. The income threshold is not indexed for inflation, so more and more middle-income families will be hit by the tax hike as time goes on.
(2) It adds a new tax to investment income. The increased payroll tax rate is also applied to high-earners’ investment income for the first time beginning in 2013. It will hit capital gains, dividends, rents, and royalties, discouraging investment and harming economic growth.
(3) It puts new limitations on those with HSAs and FSAs. Starting in 2012, Obamacare restricts the products that consumers may purchase with a Health Savings Account (HSA) or Flexible Savings Account (FSA)—such as over-the-counter medications—and increases the penalty for such non-qualified uses of HSAs. It also limits the amount taxpayers may deposit into an FSA to $2,500 a year in 2013.  Read 4-10 .............

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The Obamacare Death Spiral Continues - Human Events -This video clip has been viewed 5,177 times.   Last week, after Health and Human Services Secretary Kathleen Sebelius claimed the private insurance market was in a “death spiral” long before ObamaCare came along, I pointed out that ObamaCare itself is the paramount modern example of a high-speed death spiral. Whatever one might say about the structural deficiencies of private health insurance – which are, in no small part, due to government interference – it’s taken decades for them to reach their current state. ObamaCare, by contrast, began falling apart the minute it passed. Literally billions of dollars have been dropping from its leprous bulk with every passing month.  Senator Ron Johnson (R-WI) of the Senate Budget Committee had the same idea, and decided to question Our Lady of the Death Spiral about it when she appeared before the Appropriations subcommittee on Wednesday, leading to the following hilarious and terrifying exchange:  Read more.........  Article and video  contributed by Steve Peters.

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