You know the Dem’s health care bill is atrocious when when the Teamsters oppose it:
“Any claim that it affects only ‘Cadillac’ plans and thus the wealthy is misleading,” said Teamsters President James P. Hoffa Jr. “This tax will fall on one-third of Americans in 10 years. … The idea that this tax will curtail rising premiums is just dead wrong.”
Hoffa sees through the smokescreen and newspeak—despite the grandiose promises of “affordable care” and “health care for everyone” and “no new taxes on the middle class”, the fact of the matter is that the health care bill will raise taxes:
…17 new taxes imposed by the bill, which [among other things,] places a 40 percent excise tax on those who have generous health care plans.
Democrats said the bill will offer lower health care costs for small businesses
Perhaps, it’s not an intentional lie. This policy is designed to lower the health care associated costs for certain interest groups.
But it is not structured in such a manner that would actually lower the general costs of health care.
Like any subsidy, this is a shell game. Money is taxed from Peter to provide for Paul. It doesn’t actually lower the cost of Paul’s health care (which is likely to increase), it simply lowers his out-of-pocket expenses by taking a portion of them from someone else’s pocket. This is not a viable, long-term solution. It’s a political band-aid, designed to beat the masses into submission.
Serious tax “penalties” for married couples, severe new taxes to be levied on HSAs and flexible spending accounts, all spell DOOM for the middle class.
…Several relatively small tax increases will be aimed at health savings accounts and medical savings accounts. One will change the definitions for medical expenses that qualify as itemized deductions. Another will raise the penalties for withdrawing funds from these vehicles. A third would limit health-related flexible spending arrangements.
This is not in anyone’s interest except for Big Insurance. Heads, they win. Tails, we lose.