Health Care Reform Initiative a Hot Mess

House Health Plan to Boost Taxes on Rich
http://news.yahoo.com/s/ap/20090714/ap_on_go_co/us_health_care_overhaul

I highly recommend that you refer to the link above before reading my comments but if you trust that I can accurately sum up what the article says then read on!


House Democrats released Tuesday (July 14th) a $1.5 trillion plan that they describe will make "for the first time health care a right and a responsibility for all Americans." Now the first time I heard about this (being the true economic conservative I am is) "....great....HOW ARE WE GOING TO PAY FOR IT?" Especially in light of all the BAILOUTS (tarp money, $800 Billion Stimulus Package and $11.5 Trillion Deficit)etc.


The federal government will make sure that every person, regardless of income or their state of health they will have access to an affordable insurance plan. Individuals and employers would have new obligations to get coverage, or face hefty penalties. I am not sure what they mean by "affordable" I thought this healthcare plan is supposed to be free.....and what is this about individuals facing hefty penalties....Does that mean they are going to FORCE you to have insurance?


"Health care overhaul is President Barack Obama's top domestic priority."
Gee I would think that the ECONOMIC CRISIS aka Depression I mean "recession" would be TOP priority?


Democratic leaders said they would push the measure through committee and toward a vote in the full House by months end.....this seems sort of fast don't you think?


The total costs are unknown....WOW! WOW! WOW! REALLY?
The estimated total bill provided by a House Democratic aide is $1.5 trillion over 10 years.
Phew! for a second there I was unsure if we could afford that. WTF?


Here is the good part:


The legislation calls for a 5.4 percent tax increase on individuals making more than $1 million a year, with a gradual tax beginning at $280,000 for individuals. Individuals who decline an offer of affordable coverage would pay 2.5 percent of their incomes as a penalty, up to the average costs of a health insurance plan. House Democrats said the income tax increase in their bill would apply only to the top 1.2 percent of households, those who earn about one-quarter of all income (Who do you think pays majority of the taxes in this country already?) The tax would start at 1% for couples making $350,000 and individuals earning $280,000 than up to 1.5% above $500,000 and as previously stated 5.4% for those earning over $1 million.


I can't tell what upsets me more the fact that they actually think raising taxes in a recession is a good idea and thus are going to tax individuals 5.4% of their surplus income over $1 million or the fact that they are FORCING you to accept their health insurance plan......NO ONE CAN ESCAPE THIS TAX INCREASE!!!!!


I guess its the latter because what FREE country forces you to accept THEIR health care plan.


Let's take a moment to digest what we just read here. So If Joe owns a small business and he makes $1.5 million a year thats $500,000 over the $1 million. So Joe pays roughly 50% income tax (including state taxes) on the $1.5 million he makes and than he gets taxed an additional 5.4% for the $500,000. I don't know about you but if I had to pay almost an additional $30k just so everyone else in the country can have universal health care...WHAT IS MY INCENTIVE TO WORK AS HARD? I would be better off shrinking my business, letting go of some of my employees, cutting my inventory and make exactly $1 million so I don't have to give away $27k to the government? I love how people deny this is "re-distribution of wealth."


Just food for thought....let's say that a government bureaucracy (lmao) can provide better quality service of anything than private enterprise....hahahahaha sorry sorry so funny...let's say they can afford to keep qualified doctors on staff and not lose them to private health care providers....eventually private heath care providers will go under and the government will have a monopoly on health care (no competition no price controls) and if Republicans take over both Houses in 2012 (when Americans wake up and realize that Obama is part of this fiscal disaster) and they disassemble the health care program....than what is left?


I wonder how Americans are going to like socialism....because they appear to be tolerating fascism fine......

This guy agrees with me!

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/16/AR2009071602242.html?hpid=topnews