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Final version of ObamaCare: Medicare cuts, tax increases, and 12,000 new IRS agents!

Posted 19 Mar 2010 in Barack Obama, Democrats, healthcare, Nancy Pelosi, Obamacare, taxes

Obamacare

After months of smoke & mirrors and backroom deals, we’re finally seeing the twisted final version of Obamacare. As might be expected from Democrats, it’s stuffed full of special interest carve-outs in addition to huge Medicare cuts and even more tax increases. Specifically, it leverages $560 Billion in tax increases on small businesses, Medicare patients, private health insurance plans, and medical device manufacturers. And it cuts $520 Billion from Medicare, hospitals, nursing homes, hospice & home health programs.

No wonder House Speaker Nancy Pelosi and President Obama are twisting arms and looking for legal loopholes in order to pass this monstrosity rather than allowing a straight up-or-down vote as required in the U.S. Constitution. (source: SRCC)

MORE THAN $200 BILLION IN TAXES ON INDIVIDUALS AND SMALL BUSINESSES

“Medicare Hospital Insurance Tax … 210.2 [Billion Dollars].” JCT: “Broaden Medicare Hospital Insurance Tax Base for High-Income Taxpayers – additional surtax of 0.9% on earned income in excess of $200,000/$250,000 (unindexed) [1], and 3.8% surtax on investment income for taxpayers with AGI in excess of $200,000/$250,000 (unindexed)… 2010-2019… 210.2 [Billion Dollars].” JCT:(“Estimated Revenue Effects Of The Amendment In The Nature Of A Substitute To H.R. 4872, The “Reconciliation Act Of 2010,” In Combination With The Revenue Effects Of H.R. 3590, The “Patient Protection And Affordable Care Act (‘PPACA’),” As Passed By The Senate,” Joint Committee On Taxation, P.2, 3/18/10)

MORE THAN $50 BILLION IN TAXES ON EMPLOYERS
“Penalty Payments By Employers… 2010-2019… -52 [Billion Dollars].”(CBO Director Doug Elmendorf, Letter To Rep. Nancy Pelosi, 3/18/10, P.8)

MORE THAN $30 BILLION IN TAXES ON PRIVATE HEALTH INSURANCE PLANS
Tax On Private Health Insurance Plans: “32.0 [Billion Dollars].” JCT: “I. Revenue Provisions 1. 40% excise tax on health coverage in excess of $10,200/$27,500 (subject to adjustment for unexpected increase in medical costs prior to effective date) and increased thresholds of $1,650/$3,450 for over age 55 retirees or certain high-risk professions, both indexed for inflation by CPI-U plus 1%; adjustment based on age and gender profile of employees; vision and dental excluded from excise tax; levied at insurer level; employer aggregates and issues information return for insurers indicating amount subject to the excise tax; nondeductible… 2010-2019… 32.0 [Billion Dollars].” (“Estimated Revenue Effects Of The Amendment In The Nature Of A Substitute To H.R. 4872, The “Reconciliation Act Of 2010,” In Combination With The Revenue Effects Of H.R. 3590, The “Patient Protection And Affordable Care Act (‘PPACA’),” As Passed By The Senate,” Joint Committee On Taxation, P.1, 3/18/10)

NEARLY $20 BILLION IN TAXES ON UNINSURED AMERICANS

“Penalty Payments By Uninsured Individuals… 2010-2019… -17 [Billion Dollars].” (CBO Director Doug Elmendorf, Letter To Rep. Nancy Pelosi, 3/18/10, P.8)

$20 BILLION IN TAXES ON MEDICAL DEVICE MANUFACTURERS
“Excise Tax On Manufacturers And Importers Of Certain Medical Devices… 20.0 [Billion Dollars].” JCT: “Impose 2.9% excise tax on manufacturers and importers of certain medical devices… 2010-2019… 20.0 [Billion Dollars].” (“Estimated Revenue Effects Of The Amendment In The Nature Of A Substitute To H.R. 4872, The “Reconciliation Act Of 2010,” In Combination With The Revenue Effects Of H.R. 3590, The “Patient Protection And Affordable Care Act (‘PPACA’),” As Passed By The Senate,” Joint Committee On Taxation, P.2, 3/18/10)

MORE THAN $150 BILLION IN CUTS TO HOSPITALS, NURSING HOMES, AND HOSPICE

“Ensuring Medicare Sustainability… -156.6 [Billion Dollars].” “TITLE III—Improving The Quality And Efficiency Of Health Care; Subtitle E—Ensuring Medicare Sustainability; 3401 Revision Of Certain Market Basket Updates And Incorporation Of Services Productivity Improvements Into Market Basket Updates That Do Not Already Incorporate Such Improvements (Effect Of Productivity Adjustment For Home Health Included In Estimate For Section 3131)… 2010-2019… -156.6 [Billion Dollars].” (CBO Director Doug Elmendorf, Letter To Rep. Nancy Pelosi, 3/18/10, P.14)

MORE THAN $200 BILLION IN CUTS TO MEDICARE ADVANTAGE
“Medicare Advantage Payments… -131.9 [Billion Dollars].” “TITLE III—Improving The Quality And Efficiency Of Health Care; Subtitle C—Provisions Relating to Part C; Medicare Advantage Payments… 2010-2019… -131.9 [Billion Dollars].” (CBO Director Doug Elmendorf, Letter To Rep. Pelosi, 3/18/10, P. 13)

“Medicare Advantage Interactions… -70.4 [Billion Dollars].” “Interactions; Medicare Advantage Interactions… 2010-2019… -70.4 [Billion Dollars].” (CBO Director Doug Elmendorf, Letter To Rep. Pelosi, 3/18/10, P. 18)

NEARLY $40 BILLION IN CUTS TO HOME HEALTH CARE
“Home Health Care… -39.7 [Billion Dollars].” “TITLE III—Improving The Quality And Efficiency Of Health Care; Subtitle B—Improving Medicare For Patients And Providers; Part III – Improving Payment Accuracy; 3131 Payment Adjustments For Home Health Care (Includes Effect Of Section 3401)… 2010-2019… -39.7 [Billion Dollars].” (CBO Director Doug Elmendorf, Letter To Rep. Nancy Pelosi, 3/18/10, P.13)

MORE THAN $20 BILLION IN REDUCED “MEDICARE PAYMENTS TO HOSPITALS THAT SERVE A LARGE NUMBER OF LOW-INCOME PATIENTS”
“Medicare Disproportionate Share Hospital (DSH) Payments… -22.1 [Billion Dollars].” “TITLE III—Improving The Quality And Efficiency Of Health Care; Subtitle B—Improving Medicare For Patients And Providers; Part III—Improving Payment Accuracy; 3133 Medicare Disproportionate Share Hospital (DSH) Payments… 2010-2019… -22.1 [Billion Dollars].” (CBO Director Doug Elmendorf, Letter To Rep. Nancy Pelosi, 3/18/10, P.13)
• “Reducing Medicaid and Medicare payments to hospitals that serve a large number of low-income patients, known as disproportionate share (DSH) hospitals…” (CBO Director Doug Elmendorf, Letter To Sen. Harry Reid, 11/18/09, P. 10)

What might be most abhorrent of all: the newest mutation of Obamacare spends $10 Billion for 12,000 new IRS agents who will enforce this new healthcare rationing program known as Obamacare! Your healthcare will be funneled through the IRS.

The IRS will have lots to do to implement and enforce the new taxes and mandates included in the bill. In fact, the Senate Democrats’ bill references or amends the Internal Revenue Code 180 times.

Based on the current cost to employ this division’s workforce, an additional $1 billion per year would mean 12,500 new employees at the IRS. That’s more than 12,000 IRS employees that will be examining taxpayer records to enforce the government’s definition of “affordable” and “acceptable” insurance coverage, and working to comply with the bill to get people into government-run insurance.

What will all these new IRS employees do? The bill gives the IRS many new powers and tasks the IRS with the responsibility to enforce the mandates on individuals to purchase insurance the government deems acceptable as well as employer mandates to provide insurance the government deems affordable. In short, the Democrats’ bill will give the IRS sweeping new powers and require the IRS to become a much more intrusive force in every American’s life.

So, the next time you hear President Obama lie that you’ll be able to keep your healthcare coverage, remember that the IRS will be the ones telling you what you can and cannot keep. Not only do they control your income, but now these government bureaucrats will have a very heavy hand in making your healthcare decisions as well.

Feel better now?

Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT

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