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US Senate health bill alters company taxes, profits
Reuters ^ | December 19, 2009 | Susan Heavey

Posted on 12/19/2009 2:25:28 PM PST by La Lydia

Proposed changes to the U.S. Senate's pending healthcare reform bill include measures targeting industry profits and taxes, and a move to ensure health insurers spend a certain amount on medical care, according to a document released on Saturday. The changes, proposed as a group of amendments, must be approved by the Senate before they can be added to the massive legislation that lawmakers are struggling to finish before Christmas despite delaying tactics by Republicans and a severe snowstorm in the nation's capital. Democrats appear to have pulled together the 60 votes needed to pass a final bill.

The taxes are aimed at helping pay for the healthcare overhaul aimed at expanding access to health insurance and controlling costs, President Barack Obama's top domestic priority. Under the proposal by Senate Democratic leader Harry Reid, health insurance plans for large groups would have to spend at least 85 cents out of every dollar on medical costs. That means just 15 cents could go toward overhead and executive salaries, among other things. Small groups or individual plans would have to spend at least 80 cents on the dollar for care...

The first of two votes on the group of amendments is expected early on Monday before the Senate votes on the full legislation possibly as late as Christmas Eve. Additional revisions to the bill could still come as lawmakers work to combine the Senate's measure with one passed by the House.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: 111th; benedictarnoldnelson; benedictnelson; bennelson; benodictarnoldnelson; benodictnelson; bluecrossblueshield; buyoffs; cornhuskerkickback; democratcorruption; democrats; economy; healthcare; nebraskawhore; nelson; obama; obamacare; socialism; socializedmedicine; taxes; tyranny
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Worse and worse. No unintended consequences here, no siree. More amendments to be read in their entirety.
1 posted on 12/19/2009 2:25:29 PM PST by La Lydia
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To: La Lydia

Honestly... I don’t know why any self-respecting capitalist would want to invest in the US.


2 posted on 12/19/2009 2:27:39 PM PST by Brilliant
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To: La Lydia

Your health is now just a political shell to be played by others.


3 posted on 12/19/2009 2:28:24 PM PST by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: La Lydia

“Alters company taxes, profits ...

Alters individual citizens taxes, income, bank accounts ...


4 posted on 12/19/2009 2:28:43 PM PST by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: La Lydia

Say hello to another witholding item on your paycheck. By the time this one reaches equilibrium, you’ll probably net about 25 cents on a dollar in your take-home pay.

Of course, we’re soon going to be at the point where most Americans won’t be getting a paycheck, so it won’t matter.


5 posted on 12/19/2009 2:28:45 PM PST by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: La Lydia
I don't see how they plan to fund this anyway, since I don't think that they can continue to escalate the vast expansion of Treasury debt that the Kenyan Clown has overseen.

Since January 20th, the national debt has skyrocketed from $10,626,877,048,913.08 to $12,134,970,556,795.04; at this furious rate of increase, by the end of 2012, we will be at over $20 trillion of federal debt.

6 posted on 12/19/2009 2:34:12 PM PST by snowsislander
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To: snowsislander

As Mick sings:

Hey! Think the time is right for a palace revolution
‘Cause where I live the game to play is compromise solution
Well, then what can a poor boy do
Except to sing for a rock ‘n’ roll band?

http://www.youtube.com/watch?v=W7xETevBkq0&feature=related


7 posted on 12/19/2009 2:42:38 PM PST by Memphis Moe
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To: Memphis Moe

Better quality “Street Fightin’ Man” Video

http://www.youtube.com/watch?v=nQSAe0jA8_k&NR=1


8 posted on 12/19/2009 2:44:25 PM PST by Memphis Moe
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To: snowsislander

One trillion dollars let alone 20 trillion.....http://www.pagetutor.com/trillion/index.html


9 posted on 12/19/2009 2:48:24 PM PST by ColdOne (ColdOne (Vote them out!))
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To: La Lydia

Call, email, fax (this is my favorite option), visit these five senators. Do it now - before the 8:00 est vote in the Senate.

Webb
http://webb.senate.gov
Phone: 202-224-4024
Fax: 202-228-6363

Landrieu
http://landrieu.senate.gov
Phone: (202)224-5824
Fax:(202) 224-9735

Lincoln
http://lincoln.senate.gov
(202) 224-4843
Fax (202) 228-1371

Bayh
http://bayh.senate.gov
Phone: (202) 224-5623
Fax: (202) 228-1377

Lieberman
http://lieberman.senate.gov
Phone: 202.224.4041
Fax: 202.224.9750


10 posted on 12/19/2009 2:49:35 PM PST by DennisR (Look around - God gives countless, indisputable, and unambiguous clues that He does, indeed, exist.)
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To: La Lydia
Proposed changes to the U.S. Senate's pending healthcare reform bill include measures targeting industry profits and taxes

And more job lost.

11 posted on 12/19/2009 2:55:04 PM PST by Logical me (Oh, well!!!)
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To: Steely Tom
I agree...and believe this was the entire object of this...to create another kitty to steal from every year.

Think about SS....No one was going to collect until they had paid into it for several years and you weren't expected to live that long anyways.

Over time..they changed rates, ages...added Medicare.

The question is: Would you be better off if you had the money that you were forced to pay to draw from as you see fit.

12 posted on 12/19/2009 3:03:37 PM PST by Sacajaweau
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To: Brilliant

I’m beginning to wonder why any small business would want to remain in the country, at this point.

This socialist agenda is clearly anti-Constitutional. I hope the SCOTUS has the spine to relegate it to the scrap heap, ASAP.


13 posted on 12/19/2009 3:19:49 PM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: La Lydia

“Under the proposal by Senate Democratic leader Harry Reid, health insurance plans for large groups would have to spend at least 85 cents out of every dollar on medical costs. That means just 15 cents could go toward overhead and executive salaries, among other things. Small groups or individual plans would have to spend at least 80 cents on the dollar for care...”

I remember reading where someone ran the numbers on this and it would be impossible for an insurance company to stay in business.


14 posted on 12/19/2009 3:22:03 PM PST by PLMerite (Ride to the sound of the Guns - I'll probably need help.)
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To: Steely Tom
Say hello to another witholding item on your paycheck

There isn't room on the pay stub to record another one.

Guess they will have to be redesigned.

15 posted on 12/19/2009 3:22:20 PM PST by Glenn (Free Venezuela!)
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To: PubliusMM

We might have to cash in and take our money to Costa Rica. I hear that is still a free country. This one has gone totalitarian.


16 posted on 12/19/2009 4:18:09 PM PST by screaminsunshine (!!)
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To: La Lydia

Sounds like FASCISM to me.


17 posted on 12/19/2009 4:26:37 PM PST by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
I thought this was a nice change, but it didn't last:

Patriot Call To Action

* * * Telephone Tea-Party * * *

Call Congress Today And Tell Them To

"Kill The Pelosi/Reid/Obamacare Bill"

Call Congress Now (202) 224-3121

Are we Venezuela Yet?

Sponsored by Gwilym McGrew, A Concerned Citizen

Click for FR thread!


18 posted on 12/19/2009 4:45:58 PM PST by SunkenCiv (My Sunday Feeling is that Nothing is easy. Goes for the rest of the week too.)
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To: La Lydia
Under the proposal by Senate Democratic leader Harry Reid, health insurance plans for large groups would have to spend at least 85 cents out of every dollar on medical costs.

The law of unintended consequences says, that if your admin costs are more than 15%, then you need to charge more for the service. Way to go Democrats, that will raise costs, no lower them.

19 posted on 12/19/2009 4:58:17 PM PST by Go Gordon (Obama - One Big Ass Mistake America)
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To: PLMerite
I remember reading where someone ran the numbers on this and it would be impossible for an insurance company to stay in business.

Exactly. That's when the democrats will propose once again a single payer system.

20 posted on 12/19/2009 4:59:54 PM PST by Go Gordon (Obama - One Big Ass Mistake America)
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