Posted on 04/20/2017 5:15:43 PM PDT by ForYourChildren
Allows states to roll back Obamacare rules if they choose!
An emerging House GOP compromise on health care would allow states to waive certain Obamacare protections with an eye toward driving down premiums for healthier customers and subsidizing sick people who would end up paying more through separate funding pools.
House Speaker Paul D. Ryan recently said negotiators were putting the “finishing touches” on an effort to bridge the gap between archconservatives who want to tear down the Affordable Care Act’s rules on insurers and centrists who’ve pledged to defend popular protections in the program.
The GOP tug-of-war tanked Republicans’ first repeal-and-replace bill, leaving President Trump reaching for a legislative win in the first 100 days of his presidency.
The new amendment by Rep. Tom MacArthur, New Jersey Republican and member of the moderate Tuesday Group, would retain key aspects of Obamacare generally, such as requiring insurers to cover people with preexisting medical conditions and letting young adults stay on their parents’ plans until age 26.
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(Excerpt) Read more at washingtontimes.com ...
Trump has said all along:
“Repeal, and Replace”
That is important. Repeal, and Replace.
NOPE!!! First of all Obama care is a tax bill, until that is solved, there will be no health care...
Second, I don’t care who author it, it’s REPEAL AND REPLACE ALL OF IT!!!
We want insurance like we used to have, to be able to go to a provider for what we need, across state lines if we have to, and pay for it and not have any ‘tax credits’ for them or the government...
Pay attention to the little ball bouncing on the words of what they are trying to sell you...
Replace with the free market.
R E P E A L !
I agree completely.
Remove the government. All of the government.
From healthcare. Completely.
That means, do not restrict who can practice medicine. Do not specify what is legal, and what is illegal.
Do not limit medicine to just medical colleges. Allow anyone to practice, anywhere.
Completely open the market.
Now if you’re not willing to truly open the market however, then please do not say that is what you want.
Just repeal it and let the chips fly. A few regulations can fix anything found lacking.
Stop being an idiot.You know very well that we free market people want the freedom to buy insurance ,or not, at a cost WE can afford,for protection against the things we deem probable or possible.You are a Communist.
Well the MaCarther amendment sure looks like a POS. There will be no clean repeal. We better get used to that. They are saying the FC and Pence helped craft this version. Let’s hope its better then Ryancare. They need to get a decent bill passed. The domestic agenda is frozen until they do.
Repeal and replace kills repeal.
“First of all Obama care is a tax bill, until that is solved, there will be no health care...
” How does this new bill work without mandates? It is another march of the lemmings.
When Obamacare is put in place, it was done as a ‘tax bill’ or ‘tax credit’ that’s why the IRS is involved in it...
Taxpayers are reminded that the President’s healthcare law is one of the largest tax increases in American history.
Obamacare contains 20 new or higher taxes on American families and small businesses.
Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
Taxes that took effect in 2010:
1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS. Bill: PPACA; Page: 1,961-1,971
2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105
4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980
5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004
6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399
Taxes that took effect in 2011:
7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959
8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
Tax that took effect in 2012:
9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
Taxes that take effect in 2013:
10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
Capital Gains
Dividends
Other*
2012
15%
15%
35%
2013+
23.8%
43.4%
43.4%
*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
First $200,000
($250,000 Married)
Employer/Employee
All Remaining Wages
Employer/Employee
Current Law
1.45%/1.45%
2.9% self-employed
1.45%/1.45%
2.9% self-employed
Obamacare Tax Hike
1.45%/1.45%
2.9% self-employed
1.45%/2.35%
3.8% self-employed
Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
13. High Medical Bills Tax ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995
14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994
16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
Taxes that take effect in 2014:
17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following
1 Adult
2 Adults
3+ Adults
2014
1% AGI/$95
1% AGI/$190
1% AGI/$285
2015
2% AGI/$325
2% AGI/$650
2% AGI/$975
2016 +
2.5% AGI/$695
2.5% AGI/$1390
2.5% AGI/$2085
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337
18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346
Combined score of individual and employer mandate tax penalty: $65 billion/10 years
19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993
Taxes that take effect in 2018:
20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956
Read more: http://www.atr.org/full-list-obamacare-tax-hikes-a6996#ixzz4cU2wHrgx
Follow us: @taxreformer on Twitter
We need to move away from Socialism.
Social Security
Medicare
Obamacare
The government is providing services to so many people, that those who get these services, vote themselves more largess instead of fending for themselves.
This makes it very difficult for original intent to win at election time.
We are ready to ensconce socialized medicine into the group think of this nation.
We’re doing it from our side of the isle.
Will things be perfect? Never. The fact is, we have to push for everything we can get.
If we don’t we wind up with 90% Obamacare, 10% fix.
I want at the very least 90% fix, and 10% Obamacare.
For later read. Thanks
Thank you.
Take care.
The Uniparty eunuchs will never vote for repealing all those agencies that give Fedzilla so much power.
Controlling all health care decisions and medical records are what they are trying to preserve, they serve Fedzilla, not the citizens.
Sounds good...glad you have come around!
I would probably be looking for MD’s tho.. ;-)
You and I are in complete agreement and usually are 99% of the time so cut me some slack on that other thread. 😇
Health care will have to be aided by Artificial Intelligence for it to ever be affordable again and that will happen sooner than we think. Massive data collection leads to better understanding and diagnosis.
England recently discovered that placing a VLAD in a heart patient while waiting for a transplant actually completely healed many of the patients removing the necessity of a transplant.
England also discovered that Alzheimers can be reversed with use of ultrasound. On another note there was a report today that umbilical cord blood from babies relieves senility.
England also says they have a pill that encourages DNA to self repair extending lifespan. That one will begin human trials before the end of this year.
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