Democrats’ U-Turn: ObamaCare Hype Vs Reality
ObamaCare
President Obama, Pitchman in Chief for government run health care has promised over and over that “if you like your current health insurance plan you can keep it.”
On Tuesday, the Senate finance committee, with much media fanfare, passed a “bill.” Known as “the Baucus bill” it isn’t really a bill at all. It’s “conceptual” language, and it openly debunks the President’s promise.
For decades Democrats have praised employers who provide the most generous health insurance plans and condemned employers who provide the cheapest plans. Presumably, employees with the most generous plans are the very folks who like their current plans most, the very folks whose potential opposition was to be subdued by Obama’s promise.
But, in a political U-turn for Democrats, the Baucus conceptual language slaps a new, punitive tax on the most generous plans.
Obviously, the cost of this punitive new tax will discourage insurance companies from selling the most generous plans and discourage employers from buying them for their employees.
Here’s the kicker: Most of the provisions of Baucus and the other pending ObamaCare bills are deferred for three to five years. But the new taxes start immediately.
Thus, those who like their health plans most will be first to lose their health plans!
Here’s the other kicker: While Senator Baucus openly admits part of his goal is to curtail those most generous plans, so we all end up in the same, mediocre boat, his conceptual language and the CBO “analysis” assume there will always be Billions in revenue from the new excise tax to offset new government health care expenses. This assumption led to the preposterous conclusion that the Baucus bill would reduce the deficit.
[...] dangerous than a box of puppies according to this professionally produced video featuring Reich. Democrats’ U-Turn: ObamaCare Hype Vs Reality – libertyworks.com 10/14/2009 ObamaCare President Obama, Pitchman in Chief for government run [...]
The Joint Committee on Taxation has come up with some interesting analysis of the “Baucus Plan,” and its not good for the Average Joe.
The Baucus plan contains a provision to tax “gold plated” insurance plans. In their analysis the JC on T observed that 87% of the taxes would be born by individuals making less than $200K:
$8.9B for those making less than $50K
$19.4B for $50 – $100K
$17.4B for $100 – $200K
Recall, Obama has promised that no one making less than $200K will have their taxes raised. So much for that.
Also, the people bearing the tax are people already insured, and more specifically, those with the most gold plated policies are largely union members. Sorry, Average Joe.
If the Nobel Committee can vote the Peace Prize to Obama based on only 12 days work, I think it is fair to say we can conclude that Obama’s tax pledge qualifies for the Pinoccio Prize after 10 months in office.
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