Here is what the new Obama Care Tax plan will do for you under the guise of being health care reform.

<<<<<< Here is what is about to happen to us, but first this note: The GOP may be "heartless,"  but, at least,  many of them understand the crisis we are facing.  Obama has taken this country down the path of no return.  But what should we have expected?  The Democrat Party,  apparently,  has no one within its ranks who knows how to write a financial statement or pass a budget  --  and these are the jerks who wrote the ObamaCareTax law !!!!  Amazing.   

Before getting into the negatives of the ObamaCare Tax,  I give you this reminder: 

GDP/Medicare/the ObamaCare Tax

Currently,  this nation's health care cost's run 17% of our GDP.  With this new Obama Care Tax,  most expect this to rise to between 25% and 30% of GDP. We now know that this tax law reduces nothing,  and will cost the American taxpayer more than $ 500 billion per year,  added onto an annual Obama debt of 1.4 trillion dollars,  annually. (Bush’s annual debt was around $400 billion, by contrast).    Medicare came into effect in the mid-1960's,  and is now 39 trillion in the hole in terms of unfunded liability.  Expect the ObamaCare Tax to be worse.  And expect Medicare to implode.  Obama has doomed this program.  You can't cut half a trillion out of Medicare and, then,  add 30 million to its rolls,  and not destroy the program.  That is impossible.  

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Here is what the ObamaCare Tax (OCT)  means for you:

You will lose your primary care doctor

In all probability and within five years,   you will lose your primary care doctor.  The insurance you currently have via your employer will be canceled out and you will have to find your own insurance or join an exchange. 

All health decisions will be reviewed by non medical personnel

All health care decisions  will be managed via unlicensed medical “professionals” whose sole concern will be keeping costs down - cut and slash is the only way this will happen under the OCT.  Your medical information will be passed on to at least six different agencies,  with the beginning of this idiot plan  (which means,  this gets worse).  As the ugly truth of ObamaCare Tax expense comes out,  medical care managed by non medical personnel  -  folks like me – will become more and more the common course of the day.  Palin called these,  “death panels” and,  indeed, that is what has been ratified by the Roberts court. 

Medicare service will be cut drastically

You know this will happen.  While the Dems laugh at Paul Ryan and accuse him of "throwing grandma off the cliff,"  they are the ones who have cut half a trillion from Medicare and intend adding 30 million folks to the Medicare roles.   What moron thought that combination was a good idea? 

They want your insurance premiums, not the penalty tax  -  and they are going to get it.

If you do not have insurance,  you will have to pay increasing taxes/fines beginning in 2014.  For example, in 2014,  an individual will pay a $95 tax or 1% of her income  -  which, for the average American,  will be $560.00.    That penalty tax will increase to more than $1400 dollars in just two years,  and,  in due time,  will become so burdensome that you will be forced to buy the insurance.  Within ten years, your non-compliance tax will be more than $7000, annually, as an individual and $20,000 if a family.  

Young Adults - the days of your free ride are over.

The ObamaCare Tax  represents a huge burden on young adults,  who, typically,  have little or no insurance expense, and little or no health costs.  But what do young adults know?  They think raising the age one can live off Mommy’s insurance,  to 26 will be worth the thousands of dollars they will have to spend beginning when they turn 27  -  or age 23 if they do not live at home with their parents, now.    Understand that ten years from now,  the average young adult will be forced to pay north of $550 per month for their insurance  -  good luck finding a job that gives you this kind of income.  

You all want to live in tents and ride bicycles?  Well,  that is just around the corner.  

Again,  the Democrats do not want your penalty taxes,  they want your insurance premiums and they are going to choke them out of you.  But keep voting for these financial morons.  They only want your money but, hey,  you can live with Mommy and Daddy for four more stinking years.  What a deal. 

Premiums will continue to rise at 3x the inflation rate. They fixed NOTHING.

What about your insurance premiums? Watch those continue to rise at two and three times the cost of inflation.  Nothing has changed in this regard.   Understand that the  ObamaCare Tax has rules to hold down premiums for some groups, but,  such provisions will effect  relatively few,  and none of those relatives will be members of your family !! 

Cadillac policies will be heavily taxed.

Since it is not fair that one person has a better insurance policy than another,  there will be a hefty “Cadillac tax”  for these better policies  - the extra money collected will go to pet projects totally unrelated to health care issues. 

The Roberts Court has just approved 420 billion in new taxes.

Understand that the ObamaCare Tax will begin with 20 difference tax hikes,  totaling $420 billion.  This starts in 2014.  Most medical deductions will be canceled out.  No more medical savings plans and,  in short order,  we will see the extinction of flexible spending accounts.  More than 30% of the additional 420 billion in new taxes will be shared by the working poor and the middle class.  

What of the billions demanded to coordinate this Obama Care Tax? 

You should know that more than 160 federal agencies will be created with this new tax law  -  but you get to stay home for four more years.  No one talks about the cost of coordination among these agencies.  You are looking at billions and billions of cost never mentioned when we reference ObamaCare.  We are all fools  . . . . .  and, sadly, we are about to pay for this in spades,  while the Obama’s fly off to their retirement home in Kenya or some private island.  

Kiss your mortgage tax deduction good-bye. "They" need it for this new tax law.

The home owners mortgage tax deduction will go the way of the wind  -  costing most middle class home owners and retirees an addition $2,700 per year in increased income tax payments.  Dividend taxes will increase from 15% to 44%  and on and on.

Hospital Closures are just 8 years in the future.

We are told that  30% of American hospitals will not see the light of day,  after 2020 (link).    We will be 160,000 short on needed doctors by that time,  which means that more of our health care decisions will be made by folks who are not doctors. - nurses and healthcare practitioners, neither of which are as qualified as are our doctors. 

There is a huge and increasing tax on medical equipment,  forcing healthcare costs up.

Conclusion

This new tax will effect every man, woman and child in this country in negative terms.  While many of the benefits are wonderful, financial collapse because of our entitlement programs,  is hardly worth effort.  You should know that Social Security,  Medicare,  Medicaid, and, now the ObamaCare Tax will soon consume every penny of our annual and collected income taxes and will drive this country into the ground.  This may happen in my life time and I am 67.  Understand that I am saying that within 10 years,  there will be no money left for military spending,  crisis management (such as the Colorado fires),  infrastructure repair and replacement,  public service retirement packages, nor cost of living increases to our retired citizenry.   

The GOP may be "heartless,"  but, at least,  many of them understand the crisis we are facing.  Obama has taken this country down the path of no return.  But what should we have expected?  The Democrat Party,  apparently,  has no one within its ranks who knows how to write a financial statement or pass a budget  --  and these are the jerks who wrote the ObamaCareTax law !!!!  Amazing.