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Revealing hidden costs of Obamacare

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Posted: Saturday, November 3, 2012 12:00 am | Updated: 6:26 am, Sat Nov 3, 2012.

According to Neil Snyder, professor emeritus at the University of Virginia, seniors are at most risk under Obamacare, especially those over 70. Rationing of services is now the rule, not the exception, which means a "panel of experts," not your personal physician, can now decide to give you "comfort care" instead of treatment. Your age counts against you even though you might otherwise have an excellent chance of recovery from a major surgery.

FactCheck states that the Medicare Advantage plan Obama is planning to eliminate would actually have been 9 percent cheaper than the new Medicare. Obama had planned to hide this information from seniors until after the election by taking $8 billion in HHS funds to be used for government studies, but the GAO objected.

In 2013, the top tax rate on dividends rises from 15 percent to 39 percent, plus Obamacare imposes a dividend "surtax of 3.8 percent on families making more than $250,000 yearly." That triples today's tax rate. This October, readmission to the hospital within 30 days will cause a penalty to be levied on many hospitals. Beginning in 2018, Obamacare imposes a 40 percent excise tax on high-cost health insurance plans. What is "high cost"?

The Daily Caller Opinion says that of the 20 new higher taxes on Obamacare, the ones that most effect seniors are the coverage gap between retirement and Medicare eligibility. In 2014, the excise tax penalty for non-compliance with the purchase of "qualifying health insurance" will rise to 2.5 percent of adjusted gross income for a couple making less than $55,600.

Everyone, including seniors, really needs to familiarize themselves with this horrible, back-breaking, economy-busting plan, and vote this man out of office and elect someone else before we all pay the penalty for letting the Democrats continue to tax and spend us into our graves.

This is only the tip of the iceberg. There are many other hidden costs that haven't even been revealed.

Sonia Glick

Lodi

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Welcome to the discussion.

12 comments:

  • dave howard posted at 3:52 pm on Sun, Nov 4, 2012.

    dave howard Posts: 25

    My wife has already been notified by her insurance co. that her cost
    will be going up and that medicare will no longer pay up to 80% it will
    drop way down so she will have to pay for any other cost.
    We had someone check this out and they said it was because there
    going to take over 700 billion dollars from medicare to start obamacare.
    We already knew that, what she wanted to know are the courts going to
    stop the democratics from taking this money from seniors ?

     
  • Darrell Baumbach posted at 11:50 pm on Sat, Nov 3, 2012.

    Darrell Baumbach Posts: 9405

    Yes, and look at all the wonderful programs that taxes generated by Staples and their employees pays for. Capitalism generates revenue that helps pay for liberal programs.

    Obama on the other hand could care less about these programs. If he did, he would have accepted Trumps offer of 5 million just to reveal his college transcripts. Either Obama does not care or he is hiding something.

     
  • Darrell Baumbach posted at 11:44 pm on Sat, Nov 3, 2012.

    Darrell Baumbach Posts: 9405

    Yes Mr Lucas, it is interesting. The costs are so high thanks to all that 500+ mandates and reguations that democrats have inflicted upon the market driving up costs. Then the democrats blocking all tort reform measures guaranteed dramactic increases of health care as the democrats key donors (trial lawyers) got very very rich.

    The averages you posted coud easily be dramatically lower if insurance companies had their way.

     
  • Darrell Baumbach posted at 3:39 pm on Sat, Nov 3, 2012.

    Darrell Baumbach Posts: 9405


    Ms Bobin stated...That's funny....according to Glick, my husband should be dead by now since he has had at least 5 life-saving surgeries since the ACA has been in effect...

    but Ms. Glick was talking about a provision in Obama"not"care that does not legally begin until 2014... unless Ms Bobin traveled in a time machine with her husband and had these surgeries in some time warp in twilight zone, I think Ms Bobin is very confused...AGAIN...

     
  • Darrell Baumbach posted at 3:33 pm on Sat, Nov 3, 2012.

    Darrell Baumbach Posts: 9405

    Full time is 32 hours per week - has been for a long time.Ms Bobin stated...

    Sorry Ms Bobin..wrong...AGAIN...

    PPACA is Complicated: It takes 18-pages of regulations to define “full-time."


    The Department of Health and Human Services and Internal Revenue Service have issued a recent regulation defining what “full-time” is for employers wondering if they are required under the Affordable Care Act to provide insurance. In just one more indication how complicated the regulations are under the Act as this takes 18-pages to describe. Interestingly, “full-time” is an average of 30-hours a week (not the widely accepted 40-hours per week).
    This is a key rule because companies with more than 50 full-time employees must provide health insurance under the law. Defining the term to include 30-hour per week employees will include several more small businesses that will need to comply with this Act.

     
  • Joanne Bobin posted at 9:35 am on Sat, Nov 3, 2012.

    Joanne Bobin Posts: 4488

    Glick wrote: "rationing of services is now the rule, not the exception, which means a "panel of experts," not your personal physician, can now decide to give you "comfort care" instead of treatment. Your age counts against you even though you might otherwise have an excellent chance of recovery from a major surgery."

    That's funny....according to Glick, my husband should be dead by now since he has had at least 5 life-saving surgeries since the ACA has been in effect. Not a single problem having each one approved and paid for in full between MC and supplemental insurance.

    I guess Grim Reaper Glick needs to reassess her claims.

     
  • Joanne Bobin posted at 9:29 am on Sat, Nov 3, 2012.

    Joanne Bobin Posts: 4488

    Full time is 32 hours per week - has been for a long time.

    Companies have historically kept a majority of part-time workers part-time for a reason - way before the ACA.

    Look at Willard Mitt Romney's signature achievement - Staples. 90,000 employees and 40,000 are part-time, for a reason.

    Way before the ACA.

     
  • Andrew Liebich posted at 8:26 am on Sat, Nov 3, 2012.

    Andrew Liebich Posts: 2999

    http://youtu.be/dlX6wG45JLs

     
  • John Lucas posted at 7:22 am on Sat, Nov 3, 2012.

    John Lucas Posts: 2730

    Family health premiums reached $15,745 annually in 2012, with workers contributing on average $4,316 towards their coverage, revealed a national survey of employers conducted by the Kaiser Family Foundation and the Health Research & Educational Trust.

    Worker-only health coverage rose 3 percent, to $5,615 a year. These workers pay, on average, $951 towards their coverage.

    interesting

     
  • Darrell Baumbach posted at 6:50 am on Sat, Nov 3, 2012.

    Darrell Baumbach Posts: 9405

    Another fact that is hidden is that Obamacare penalties and harsh rules do not apply to companies with less that 50 "FULL TIME" employees. Full time employees defined as working 30 hours per week or more.

    Consequence.. Many employers have stopped hiring full time employees as they know they can avoid penalties and taxes and paying for expensive health care premiums through these changes.

    If college graduates think it is hard to find jobs now, wait until 2014 when Obamacare laws come into play. What is the cost of not having a job?

     
  • Darrell Baumbach posted at 6:44 am on Sat, Nov 3, 2012.

    Darrell Baumbach Posts: 9405

    Excellent letter with accurate information. Yes, many more hidden costs...

    To add to what is coming our way if Obama wins November 6th:

    1. People will have to pay taxes of they decide they do not want insurance. How Much Tax? Good question. Current tax scheduled is $ 695 per adult, $347.00 per child, $2085 per family. But every one knows how often democrats like to increase taxes... the tax above is just the minimum.

    2. Obamacare Insurance exchanges will up and running soon unless Romney is elected. Mandated insurance people will have to buy or pay tax happens in 2014.

    3. Premiums in these exchanges are very expensive. The Congressional Budget Office estimates that the average premium would be $4,500- $5000 for a single person and $13,000 for a family. This assumes the cheapest plan available in the exchange.

     
  • Joanne Bobin posted at 5:58 am on Sat, Nov 3, 2012.

    Joanne Bobin Posts: 4488

    "Other hidden costs that haven't been revealed?"

    If they are hidden, and haven't been revealed, how do we know they exist? Just like most of this letter, these hidden costs are fabrications designed to frighten seniors, not inform them.

    Shame on you, Ms. Glick.

     

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