Health Care HSA Changes Result In Higher Taxes For All

http://www.radioviceonline.com/ ^ | March 30, 2010 | Steve McGough

[Biggirl]

So much for the promise that Americans making $200,000 or less would not pay one single dime in extra taxes. Just another promise that reached it’s expiration date, but at this point can we just call every Obama promise a lie? In November, I wrote about proposed Flexible Savings Account (FSA) changes in the House health care legislation. Those terrible changes are now law (Sec. 9005 of H.R. 3590). Today, let’s take a look at the Health Savings Account (HSA) changes and the new tax on drug companies.

[Man50D]

The content of federal health care is irrelevant. Any federal version of health care on its face is unconstitutional since Article 1 Section 8 does not specifically grant Congress the power to regulate health care. The people are not bound to comply with any unconstitutional act. This is the point where people need to focus.

[Vaduz]

Today, let’s take a look at the Health Savings Account.$0.00

[Myrddin]

I have routinely set aside $50 per pay check X 26 pay checks per year to cover medical expenses beyond what the insurance would cover. I manage the "flex spend" funds such that any surplus is consumed toward the end of the year on replacement frames and/or lenses. It appears that pre-tax resource is going away.

Since I have to pay for those services with after tax money and I'm paying almost 50% taxes on every dollar earned, I'll simply purchase half as often.