Come the New Year, our Dear Leader has a number of taxes and fees hidden deep in the ObamaCare law and the accompanying HHS regulations scheduled to affect your insurance premiums and income-tax bills.
Here are just a few of the things our president has planned for you:
Then there’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.
Your insurer is going to pass that on to you in the form of higher premiums,deductibles and co-pays.
But wait, there's more. There's no threshold on these taxes for inflation. This means that unless there's a fix of some kind or ObamaCare's repealed, more and more people will be subject to these taxes as inflation boosts incomes.
Since the president has now torpedoed the individual mandate, expect both the amount of people waiting until they get sick to apply for insurance as well as the amount of this fee to skyrocket.
Of course, when it comes to prostheses and hip and knee replacements, you may not be able to get them at any price if you're not deemed worthy by the The Independent Payment Advisory Boards, AKA Death Panels.
And by the way, the HHS regulations allow Secretary Sebelius to raise most of these fees and taxes 'at the secretary's discretion.'
The results of ObamaCare are going to be pretty self evident unless it's totally repealed fairly quickly.We're already seeing the signs.
Healthcare is going to be rationed extensively, especially on the middle class who don't qualify for subsidies.Do not be surprised if, ultimately,it is used as a political weapon against th eregimes's perceived 'enemies' just as the IRS was.
The 28 hour work week will slowly become the standard work week (four 7 hour days), as people settle into more government dependency and lower expectations and income for themselves and their children. In fact, birth rates will lower, especially among people with the middle class idea of actually being able to support their own offspring before having them.I've already seen examples in my own life of married couples who simply decided they couldn't afford to have children and maintain even a lower middle class lifestyle. Often, it amounted to a series of postponements that ended when the woman involved simply became too old for childbirth.
Businesses will be increasingly more difficult to start, and a lot less people will have the ambition or be able to raise the capital to do so.That will affect both employment and income. Most small businesses get their start up money not from bank loans, but from an individual's savings or personal credit line. Less income means less business startups.
Expect a Soviet-style 'black market' economy based on barter, off th ebooks employment and under the table cash sales to develop as well.
Working two or more jobs to pay the bills will become extremely common for many people with families to support or any ambitions for themselves or their children. Others will happily fall into what amounts to a permanent dependent class. The massive increases in people on what amounts to permanent disability and in food stamp payouts are indicators of what will become a growing trend. After all, if it's a choice between becoming the payer or the payee, the screwed or the beneficiary, a lot of people are gong to opt for that second option.
Unless it's repealed, ObamaCare is going to transform our national character into something very different. We can still turn things around, but the hour gets late.