Taxed 2 Debt!

Tax Highlights from the Senate Health Care Bill

It’s like when Burdensome Taxes Strike, part 2.  This is all from the Wall Street Journal’s website.

Here we go:

“Under the plan, wages over $200,000 for single people and $250,000 for married couples would be subject to a 1.95% payroll tax, up from the current 1.45%.”

–Some may say here: so what, I’ll never be making that much.  Two things, it’s okay to dream of making that much, and just because you will one day doesn’t mean you should be penalized more for it, and two: with large-scale inflation due to the massive government spending, you may be making this in just a day sometime soon.

“Another new levy in the Senate bill would place a 40% excise tax on insurance plans valued at more than $8,500 for individuals and $23,000 for families. Some economists, including Mr. Aaron, said the provision will prod employers and workers to choose more cost-effective health plans.”

–This is a scary part, and the main reason why my family will lose our care if this Leviathan is passed.  My employer won’t be able to pay the taxes on my health care plan, ergo: hope I qualify for Obamacare, because contrary to what they are telling us, it isn’t going to cover everybody.

So, here’s a summary: In order to cover 94 percent of the nation as opposed to 83 percent who are covered now, a giant death-defying entity will be created.  This entity will cost heavy, tax us, and not be as innovative as the private sector.  This 11 percent could be covered by easier, more cost-effective routes, but that’s not what’s at stake here.  It can’t be, because fixing insurance cost for that 11 percent could have been done a long time ago, and here’s how:

Open up the state lines laws for insurance companies.  Right now, you’re only allowed in-state insurance.  Why?  This is not the 1860′s–bring down the walls.

Secondly, there has to be tort reform.  Do victims of malpractice need just compensation?  Absolutely!  Do lawyers need to make exuberant funds off scare tactics on cases that aren’t even legit, or take such a large bite out of legitimate cases?  No way.  This will bring down malpractice insurance rates, lowering the cost for care for everyone.

Lastly, we need more doctors out there.  There needs to be tax-cut initiatives for new docs out of med school–competent doctors.

We just fixed health care, you and I, without implementing socialism.  See how easy that is.

George Orwell saw the dangers of the government having that much control, going as far to call Socialism and Communism: Fascism’s ugly cousin.  But he also said something in 1984 that stuck with me, and I’ll paraphrase it here:

Socialism assumes that economic status is permanent.

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Tags: healthcare