Obamacare’s Massive Tax Increases

17 11 2009

Design by BobKeyser

A leading healthcare expert warns that Congress is using “every budget gimmick in the book” to conceal hundreds of billions in healthcare-reform costs that will lead to “massive tax increases” and higher insurance premiums.

Dr. Robert E. Moffit, a senior official in the Department of Health and Human Services during the Reagan administration, who now directs the Heritage Foundation’s Center for Health Policy Studies, tells Newsmax that taxpayers are about to be blindsided by a spiraling healthcare expenses.

You’re going to see higher premiums, you’re going to have higher taxes, you’re going to have higher premiums for Medicare. And you’re not getting a bend in the spending curve, but rather a $1.3 trillion dollar explosion in additional spending over the next 10 years.”

Moffit says taxpayers’ first installment on healthcare’s hidden costs may come as early as next week, when the House is scheduled to take up the $210 billion “doctor’s fix” bill.

The “doctor’s fix” is a familiar congressional ruse. Members pass supposed Medicare “cuts” that make them appear fiscally prudent, but then later “fix” the funding to restore what was supposed to be trimmed. The Congressional Budget Office determined Pelosi’s original bill would add $239 billion to the deficit over 10 years, however. That sent House Democrats back to the drawing board, and Pelosi simply removed the “fix,” introducing it as separate legislation. Moffit likens the congressional shell game to keeping the balance low on one credit-card by shifting expenses to another. Sooner or later, taxpayers get stuck with the bill.

Democrats in Congress are disregarding recent polls showing most Americans oppose the current reform proposals. Polls also show voters expect reform will increase rather than reduce their healthcare expenses.

Moffit says, “What I find remarkable about this entire thing … is knowing this is true, Congress is basically saying to the American people: ‘…We frankly do not care what you think, we’re going to give this to you, we’re going to impose this on you, whether you like it or not.’ ”

Several research studies conducted by insurance companies predict consumers’ health insurance premiums could more than double, if current reform proposals are enacted. Paying doctors the additional $210 billion, according to CBO estimates, will also trigger a $49 billion hike in seniors’ Medicare Part B premiums between 2011 and 2019.

Despite growing taxpayer resistance, congressional Democrats are beginning to discuss imposing a major new value added tax.

“We’re looking at massive tax increases,” Moffit warns, “and probably much higher deficits. Because when you put it all together, you’re talking about a massive increase in spending.”

To read the article, go HERE.

~Eowyn

 

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One response

18 11 2009
Dave

ObamaCare may very well be a dagger through the hearts of healthy Americans, but it is damn sure a nuke placed under our freedoms and liberties, not to mention our economy.

Damn sad that nearly half the stoopid American sheeple still support it.

-Dave

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