The new insurance fee plus higher taxes

This is what the new insurance fee means...I'm not printing the whole thing. it's up to all of you to read the article. I know another poster started this post, but I'm adding to it. Later on, the article says it phases out in 2017 unless Congress, with lawmakers searching everywhere for revenue....decided to extend it. What is the rule on taxation? When a new tax comes into being, it never goes away, just gets larger? 

So, with Obama wanting HIGHER TAXES on the wealthy including higher taxes on capital gains and divident taxes, along with the 3.8% tax on investment income included in the healthcare plan, how much do you think the "wealthy" and/or employers are going to stand for this?

The higher taxes Obama want will also affect at least 940,000 small businesses. What do you think they'll do if they provide health care for their employees? Economists agree that tax increases limit growth, so what do you think will happen? 

The point of this is -- no matter what happens, the consumer will be paying dearly for this healthcare plan. [Note the highlighted in yellow paragraph below]. DH took out a supplemental plan to go along with his Medicare. It cost him $39 a month, no big deal. January 1, it doubles and the only difference in coverage is they added $5 payment for the specialist visit.  

Funny thing is the Senior VP for health policy at ERISA Industry Committee DIDN'T EVEN KNOW THIS! She said it came "out of the blue and was a surprisingly large amount," so evidently she didn't read the bill either and/or didn't understand it. 

Obama's scare tactics are sickening. We're ALL going to pay dearly whether or not we go over the "fiscal cliff" in the area of health care and taxes. It's just too bad that people relied on his campaign speeches before and after the election. Obama isn't really pushing for negotiations. OBAMA WANTS US TO GO OVER THE CLIFF. He stated that plenty of times. (BTW, he's out campaigning again today? I know he was campaigning yesterday.) Sure, people will blame the GOP, BUT if people would start thinking for themselves, they would see that Obama is just playing a game, wanting to destroy the GOP.

BTW, don't forget, one of the OTHER ITEMS Obama doesn't speak about in his campaign with the "fiscal cliff" is the debt ceiling that GIVES HIM TOTAL CONTROL OVER RAISING THE DEBT CEILING. This is AGAINST the Constitution and starts him on a path to truly destroying the economy. 

I know I'll get dislikes for this but who cares? It's about time the truth about Obamacare and his higher tax campaigning starts to come out in the media. I just wish it would have been prior to this -- like when healthcare was first introduced. I only hope the media pays closer attention to his debt ceiling proposal and this doesn't pass. In fact, if it's tied to the "fiscal cliff" suggestion that the dems are pushing, it has to be voted down.

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"The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.

Employee benefits lawyer Chantel Sheaks calls it a "sleeper issue" with significant financial consequences, particularly for large employers.

"Especially at a time when we are facing economic uncertainty, (companies will) be hit with a multi-million dollar assessment without getting anything back for it," said Sheaks, a principal at Buck Consultants, a Xerox subsidiary.

Based on figures provided in the regulation, employer and individual health plans covering an estimated 190 million Americans could owe the per-person fee."...

"...The $25 billion fee is part of a bigger package of taxes and fees to finance Obama's expansion of coverage to the uninsured. It all comes to about $700 billion over 10 years, and includes higher Medicare taxes effective this Jan. 1 on individuals making more than $200,000 per year or couples making more than $250,000. People above those threshold amounts also face an additional 3.8 percent tax on their investment income." 

But employers already offering coverage to their workers don't see why they have to pony up for the stabilization fund, which mainly helps the individual insurance market. The redistribution puts the biggest companies on the hook for tens of millions of dollars.

"It just adds on to everything else that is expected to increase health care costs," said economist Paul Fronstin of the nonprofit Employee Benefit Research Institute.

The fee will be assessed on all "major medical" insurance plans, including those provided by employers and those purchased individually by consumers. Large employers will owe the fee directly. That's because major companies usually pay upfront for most of the health care costs of their employees. It may not be apparent to workers, but the insurance company they deal with is basically an agent administering the plan for their employer.