13 WAYS OBAMACARE WILL RUIN YOUR LIFE

13 WAYS OBAMACARE WILL RUIN YOUR LIFE

http://patriotupdate.com/25525/13-ways-obamacare-will-ruin-your-life

Patriot Update – 7/3/2012

Public Law 111–148 – The Patient Protection and Affordable Care Act

(otherwise known as “Obamacare”)

CLICK TO READ THE ENTIRE ARTICLE FOR AN EASY-TO-UNDERSTAND EXPLANATION OF THE TIDAL WAVE OF TAXES AMERICANS WILL FACE WITH OBAMACARE

America has bought in to what will likely be more government insertion into our lives and homes

ALARMING FACT #1: Individuals/Families must carry Health Insurance – OR ELSE!

(See Public Law 111–148 Sec. 5000A. Requirement to Maintain to Minimum Essential Coverage)  You will be taxed for your decision not to do something.

ALARMING FACT #2: Employers must provide health insurance for their employees – OR ELSE!

(See Public Law 111–148 Sec. 1513. Shared Responsibility for Employers)

The employer may decide that it’s cheaper, in the short-term, to pay the tax rather than cover the bill for each employee’s health insurance plan. At least for the next few years, the cost of paying the tax is cheaper than the cost of the insurance policy.

By the time the cost of the tax (i.e. – fine) is as much or more than the cost of that employer covering the health insurance premium, the damage will have been done. Everyone will have moved from private insurance coverage into the government-operated plans, and private insurance companies will be defunct.

ALARMING FACT #3: You must pay for coverage you might not need.

(See Public Law 111–148 Sec. 1302. Essential Health Benefits Requirements)

ALARMING FACT #4: The cost of eating out is likely to increase.

(See Public Law 111–148 Sec. 4205. Nutrition Labeling of Standard Menu Items At Chain Restaurants.)

This law requires restaurants with 20 or more locations to list the calorie content of their standard fare on their menus and drive-through menu boards.

ALARMING FACT #5: Preventive Care Free On All Plans

(See Public Law 111–148 Sec. 2713. Coverage of Preventive Health Services)

(http://www.uspreventiveservicestaskforce.org/uspstf/uspsabrecs.htm),

If you don’t have to pay for it, then from whose pocket will these costs be paid? Somebody has to pay for it. Don’t be fooled, you are paying for it. Premiums for health insurance have been sky-rocketing.

(http://www.moneytalksnews.com/2011/10/20/health-care-reform-free-preventive-care-not-exactly/)

ALARMING FACT #6: Drug Companies and Medical Device Manufacturers are being heavily taxed

(See Public Law 111–148 Sec. 0998. Imposition of Annual Fee on Branded Prescription Pharmaceutical Manufacturers and Importers) (See Public Law 111-148 Sec. 0990 Imposition of Annual Fee on Medical Device Manufacturers and Importers)

ALARMING FACT #7: Business owners being obligated to provide specialized treatment for nursing mothers

(See Public Law 111–148 Sec. 4207. Reasonable Break Time for Nursing Mothers)

ALARMING FACT #8: Tax on Indoor Tanning Services

(See Public Law 111–148 Sec. 5000B. Imposition of Tax on Indoor Tanning Services)

ALARMING FACT #9: You want a maximum benefit insurance plan? Then, cough up an extra 40% for taxes

(See Public Law 111–148 Sec. 9001. Excise tax on high cost employer-sponsored health coverage.)   his whopping 40% excise tax applies to plans valued in excess of $10,200 for individuals and $27,500 for families.

ALARMING FACT #10: Robin Hood In Modern Terms….new “Hospital Insurance” income tax

(See Public Law 111–148 Sec. 9015 Additional Hospital Insurance Tax on High-Income Taxpayers)

The $250,000 threshold is not indexed for inflation.

ALARMING FACT #11: Limitation on “tax-free” money…reduction of benefits through Flex-Spending Accounts

(See Public Law 111–148 Sec 9005. Limitation on Health Flexible Spending Arrangements Under Cafeteria Plans)

Flexible spending accounts (FSAs) and Health Savings Accounts (HSAs) allows them to use their money, before it is taxed, to cover the cost of certain medical expenditures. The employee uses that money throughout the year toward covered medical expenses. The law now limits the amount that can be deposited into FSAs and HSAs to $2,500. It also reduces the number of medical products that taxpayers can purchase using these accounts. Furthermore, it increases the penalty to 20% for purchasing disallowed products with the HSAs.

ALARMING FACT #12: Fair Health Insurance Premiums….Who cares if you’re healthy or not!

(See Public Law 111–148 Sec 2704. Prohibition of Pre-Existing Condition Exclusions Or Other Discrimination Based On Health Status.)

ALARMING FACT #13: Want cosmetic surgery? Fine….but, you’ll have to pay a tax for that choice.

(See Public Law 111–148 Sec. 5000B. Imposition of Tax on Elective Cosmetic Medical Procedures.)

Under the law, you now still have that “right”…but you will be taxed for the decision to exercise that right. There is now imposed a tax equal to 5% of the amount paid for such elective procedure.

Free isn’t free! Who is paying for this wonderful new health plan for all Americans? YOU! Even more importantly, your freedom isn’t free. Your freedom to choose is being heavily taxed.

Oh yes, and the lawmakers who think this is such a great idea – they have exempted themselves from participating.

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