ObamaCare: A New 40% Tax? No Problem

When it comes to Obama and Congress living and breathing solely to provide "free," pay-for-itself-in-the-long-run, What, Me Worry? healthcare to everyone on the planet who can make it into the United States (except actual taxpayers), you knew there had to be a catch . . . and another catch, and another, and another, on into infinity and way past your tenure on Planet Earth.

Here's a good one: in less than a decade, most Americans will have to pay a 40% tax on their health insurance premiums. Right. Every dollar that you owe on health insurance will magically turn into $1.40.

How you come up with that extra $.40 per dollar is up to you.

From Dick Morris and Eileen McGann:

The Baucus healthcare bill [that doesn't actually exist] provides for a tax on “gold-plated” health insurance policies. But . . . inflation will make most Americans liable to pay the 40 percent tax in a few years.

The tax applies to all individual policies with premiums above $8,750 and families of four whose premiums exceed $23,000. But the Congressional Budget Office estimates that the average health insurance premium for families of four will reach $25,000 by 2018. The average premium should pass the thresholds in Baucus’s bill by 2016.

So, a few years after the bill takes effect in 2013, the health insurance premium tax will become virtually universal. And this tax is to be a 40 percent levy. So, in six years, the average family health insurance policy, now projected to cost $25,000, will, in fact, cost $35,000 due to the Obama-Baucus tax!

[snip]

Far from cutting the cost of health insurance, the bill will send it through the roof!.

That sounds a lot more like something cooked up by the Congress I know.

Oh, yes. And don't forget: "If you like your health care plan, you can keep your health care plan."

Contact a senator today.
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