Just curious, but where does it say that 8% will be taken from you? Im curious to know how this will impact me financially.

 

well guys the fundamental transformation continues. Amnesty for illegals is next....

 

The bill state guidelines that say if your 400% above the federal poverty level then 9.5% of your income will be used for healthcare. The federal poverty level is rougly 20k year, meaning that if you make $80K+ a year that you will have to pay 9.5% of that to fund healthcare.... It is less as you make more money. I believe that this is going to absolutely kill what is left of this economy..

 

what you talkin about willis? theres nobody missing, theres no birth certificate

 

Not sure where you found that. I believe you are not understanding what you heard or read. Here is what I have found.

TAXES: To make up for the lost revenue, the bill applies an increased Medicare payroll tax to the investment income and to the wages of individuals making more than $200,000, or married couples above $250,000. The tax on investment income would be 3.8 percent. If the Senate follows through, it would impose a 40 percent tax on high-cost insurance plans above the threshold of $10,200 for individuals and $27,500 for families. The tax would go into effect in 2018.

Roughly 32 million Americans who are currently uninsured would now have access to health insurance coverage. The uninsured and self-employed would be able to purchase insurance through state-based exchanges with subsidies available to individuals and families with income between 100 and 400 percent of the federal poverty level, currently $22,050 for a family of four.

The bill would be paid for by adding a Medicare payroll tax on investment income in 2012. The Medicare payroll tax will be expanded to include unearned income. The tax will be a 3.8 percent tax on investment income for families making more than $250,000 per year, or $200,000 for individuals.

Beginning in 2018, insurance companies will pay a 40 percent excise tax on high-end insurance plans worth over $27,500 for families. Dental and vision plans are exempt and will not be counted in the total cost of a family plan. Finally, a 10 percent excise tax would be enacted on indoor tanning services.

 

I hear a lot of rumblings about taxes going up and socialism with the new healthcare bill but I think that most of this is drummed up from the same group that is falsely crying about death panels and other paranoia.

Yes this bill puts more regulation on insurance companies. They cannot drop people because they get sick nor put lifetime/annual caps on coverage. They have to insure people with pre-existing conditions. It closes the gap in Medicare Part D's prescription drug plan. It also makes more people eligible for Medicade. Which parts of these things do you want repealed?

To fund this, yes there is a 5.4% surcharge on those earning greater that $500000.00 a year. Is this unfair...to some extent but they are the most capable to pay too. A 5.4% tax on those earning minimum wage is much more devastating than 5.4% to a wealthy person.

As far as fines for not having coverage. This is part of personal responsibility. You have libability insurance on your vehicles. It is the law in most states. Why not mandate people have coverage too? If an uninsured person goes to an ER and doesn't pay, who do you think pays? You who pays their bills pay for them in the end.

These penalties of 8 or 9% fall into place if one is uninsured (keep in mind this doesn't hit until 2014). There will be exchanges that are in place (not a single payer government funded plan) that will allow people to group together to buy coverage from private companies.

I have also heard the argument that this will destroy employer coverage for employees as they will be able to get their coverage from exchanges cheaper. I am not seeing the harm here. For one, if you lose your job, you lose your coverage...not good. Better yet, you can buy COBRA at rates that are insane! Our employers buy coverage that is supposed to be one size fits all when that isn't usually the case. If you are 23 years old, long term care may not be a need of yours. Conversely if you are 50 years old, coverage for dental braces is not needed. This will allow you to better fit your coverage to your needs and will save money overall.

While I understand this is a government intrusion into business and our lives, sometimes things are for our own good too. How many of us would be happy with some hitting our vehicles or worse yet injuring/killing us or our family in a car wreck and then not having insurance or a means to reimburse us for our loss? Most of us support mandated insurance coverage because we want to hold people responsible.

 

I added my commentaries/questions in bold obviously.

 

http://www.tampabay.com/news/politic...m-bill/1080899 See link. I might have misunderstood it, but you make your own determination. The government says that the cap that you must pay above the 400% poverty line is 9.5% of your income. If the government sets this as a cap, you can bet your sweet a$$ that is what we will have to pay...

 

well, atleast we know that K-Mac is no fan of freedom.

The reason that there are problems in the healthcare industry already is because of government, now the idiots have voted in even more government and think it will get better.

 

The health care bill as passed by the dimwits in Washington yesterday is irrelevant. Yepper, irrelevant. Why, you ask? Because as of noon today Central DST, 40 of the 50 States Legislatures went to work on their own bills making the Federal bill illegal in their States. While we have heard calls for Texas to leave the union before, the voices are a lot louder today and from folks with a lot more clout. It's only a matter of time and the US will fall apart. And in your lifetime too. The US is only following the history of all Republics and it's not the fault of the Gov't but the folks that are too lazy to vote and those too lazy to work. When you have less than half of the population voting you have an environment where the lazy will dictate terms to those supporting them. When the ship gets too heavy with the burden of those on Gov't programs, it will sink. The US won't be the first and I doubt it will be the last. So when you look around at why this is happening, look in the mirror. What did you do to keep this from happening? Complaining on the internet won't get it. Did you run for office, any office? Did you work for any candidate? Did you give money to any candidate? Now ya know why.

 

It says that 9.5 would be the max you would pay. It doesn't say you will pay that. If you already have insurance it shouldn't effect anything.

 

Its not a question of freedom but responsibility. Not every uninsured person in this world is some lazy lowlife watching daytime TV and popping out kids...oh wait they have insurance (Medicade) provided by the state.

To give an example...my mother was a Nurse's Aid (at the same place for 13 years for one small nursing home) working for low wages most of her life and for many of those years she was uninsured because her employer didn't offer coverage. My father died when I was 11 and she had to raise me. Money was tight but she provided for me. It sure would have been easier had she had good insurance. She took care of me and didn't take care of herself and she died way too young because of medical problems that most people get treated and keep under control. By the time she got coverage she had done a lot of damage to herself and those treatable issues were more problematic.

She couldn't get any insurance...made too much for medicade (never made more that $7.50/hr) and couldn't afford private coverage. Kind of sucks, huh?

Now I realize that some see this as socialism and others feel the government is being intrusive. Is the government being intrusive to say you have to have car insurance? Where is the line in the sand? Are public schools too far toward socialism? Some will say the Federal Gov't is only there for National Defense and that is it.

I just think this is something too big for states or local government to handle. Our school systems are a sign of this. There is such a disparity between local schools...some areas have great schools and others are pitiful.

The surcharge on income puts the 5.4% on earners over 500k not 50k. Most everyone except the wealthiest 5% will never be affected by this.

The tax for non compliance, which I have heard is 8 or 9% depending on who you talk to doesn't kick in until 2016. You won't be taxed this nor suffer it until then. If you barely have any money left at the end of the month, then you are likely not in the group that will be affected anyway.

Here is some of the highlights I have found.

http://www.cnn.com/2010/POLITICS/03/...hts/index.html

I hope the opposition is more about issues rather than just party lines. I also hope that it is less about "I want no government" than what helps people.

 

They said they had to do "something" and decided to do the WRONG thing. It defies logic and common sense.

Requireing health insurance companies to insure people with preexsisting conditions sounds nice and all but they are going to require the insurance company to pay out more in treatments. In order for the insurance company to say in business, they are going to have to raise the rates for all of the insured. There will be a cap on how much they can raise the rates on some, so the burden will be put on others, who will likely seek an alternative health insurance company. This will push many health insurers out of the marketplace. People will have fewer options. Fewer people will be paying for the health care coverage of more and more people.

Some individuals may be isolated from the increasing costs, but employers won't. The cost of hiring a new employee will increase, and I would guess that many business owners will find it necessary to make do with what they have. Some will have to trim costs just to keep what they have. That may mean laying off employees and reducing capital investment expendetures per year. There will be less demand for goods and services. More people will be laid off from their jobs, leaving fewer and fewer people to pay health insurance premiums that will have to cover an ever increasing amount of people.

As this happens, the government will pick up more and more of the people who fall victim to the health insurance game. The governemnt doesn't need to collect premiums, it can just raise tax revenue. At some point, and it really could happen pretty fast, a few years, it will not be cost effective for employers to provide health care insurance for their employees. I order to stay competetive many will opt to pay fines and penelites rather than increasing health insurance premiums. More and more people will be on the governemnt plan, and the demand for private health insurance will dry up.

We will be left with one option. Government run health care. They decide how much a doctor is paid and who gets treated for what.

In the end, this does NOTHING to address the actual problem with the health care in this country. COST. This plan further insulates people from their health care costs. If people are given the opportunity to sqander someone elses money, many will. Costs will go up. Taxes will have to go up to fill in the hole. It becomes a visious cycle.

No logic. No common sense.

 

It absolutely does say you will have to pay. It says that if you buy your health insurance on the exchanges, which will be set up for people who do not have insurance (the bill states that you WILL be required to have insurance) to buy. What part of that means that you wont have to pay that. There are a lot of people that I work with that buy their insurance on the open market, this will definately effect them. Just because it doesnt effect you or me, doesnt mean that it wont a whole bunch of other people.

Another thing to think about is the fact that insurance company's are going to not be able to drop people/stop funding insurance claims at a maximum amount. This will cause ALL of our insurance premiums to raise. The insurance companies arent going to loose money on this deal, they will just pass the cost on to us, the buyers of their product. I dont think anyone knows exactly how much this is going to cost us........

It reminds me of a quote, "Socialism is great, until you run out of other peoples money."

 

for guys like me that built up their wealth the old fashioned way, have to take care of the lazy sob's-makes me sick