Wednesday, August 25, 2010

Repeal Obamacare? Get your
congressman on the record

From Newt Gingrich on Human Events on Aug. 25:
In the run-up to pass the Democrats’ government takeover of healthcare against the clearly expressed wishes of the American people, House Speaker Nancy Pelosi notoriously declared,“We have to pass the bill so that you can find out what is in it, away from the fog of the controversy.”

Obamacare is now passed and signed into law and the speaker has been proven both right and wrong.

She was right that we’ve learned more about what’s in the bill.

She was wrong because what we’ve learned has been disastrous, and as a result, the controversy has continued.

Top 5 Surprises in Obamacare

The more the American people have learned about Obamacare since it was passed the more they dislike it. And with good reason. Here is a list of some recent surprises buried in the 2,300 pages of legislation.

1. Beginning in January 2012, businesses are required to file with the IRS for every business to business transaction over $600. This includes all transactions, not just health based ones. (Section 9006).

2. A new program (the Community Living Assistance Program) was established that is woefully underfunded by the bill and will eventually require much more money than allocated. (Section 8002).

3. As of January 2014, states must expand Medicaid coverage to all individuals under the age of 64 with family incomes at or below 133% of the federal poverty level. States already do not have the resources to provide adequate Medicaid coverage and this law will add millions more to Medicaid rolls. (Section 2001, as modified by 10201 and H.R. 4872; Sec. 1004 and 1201).

4. Beginning January 2011, individuals are not allowed to use Flexible Savings Accounts, Health Reimbursement Accounts, and Health Savings Accounts to purchase over-the-counter medicines. The law also caps annual contributions at $2,500, down from $5,000. Many Americans (especially younger ones in relatively good health) rely on FSAs, HRAs, and HSAs to help pay for healthcare. This law makes these consumer-oriented tools that encourage smart shopping less convenient and provides a perverse incentive for individuals to buy expensive prescription medicine instead of over-the-counter alternatives. (Section 9003).

5. Verizon, AT&T, Caterpillar and other companies publicly acknowledged that the tax structure of the new law actually encourages companies to stop providing coverage for their employees beginning in 2014. (Section 1003).


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