Posted on 05/17/2015 12:10:59 PM PDT by george76
As Alice in Wonderland might say, a curious tax just got curiouser. The burden to states could mount to $13 billion in less than a decade.
...
It works like this: State governments pay insurers for the tax. The insurers then pay the tax to the federal government. The federal government then reimburses part of the cost to the states.
It may sound absurd, but it's not amusing to state governments, which wind up losing 54 cents for every dollar of the insurance tax. State taxpayers end up the biggest losers, without any added benefit to their state's low-income Medicaid patients.
...
The fee on health insurance companies was one of several new taxes Congress used to pay for the health care law.
(Excerpt) Read more at cdapress.com ...
Cooking the books to keep the rotting corpse of Obama’s signature achievement on life support should make every taxpayer revolt...but that would take away valuable YouTube time.
“Cooking the books to keep the rotting corpse of Obama’s signature achievement on life support should make every taxpayer revolt...but that would take away valuable YouTube time.”
Since January 2011 the Republicans in the House have had the power of the purse as well as the power to originate tax legislation. Where is it?
Who is cdapress.com?
This article does not appear link to AP as claimed.
The Coeur d’ Alene Press.
201 N. Second St.
Coeur d’Alene, Idaho 83814
Ah. Thank you.
Where indeed. Firmly in the hands of the uniparty.
"the tax will have the unique effect of “the federal government taxing states and itself,” as Milliman actuaries John Meerschaert and Mathieu Doucet wrote in a report earlier this year."
Why do something so silly?
"... Medicaid managed care contracts could start hewing to nonprofit insurers exempt from the fee."
To hurry along the path to 'single payer'!
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