Our very own Speaker of the House Nancy Pelosi, the one with the permanent deer in the headlights expression, unveiled (privately) the brand new health care takeover bill. Unfortunately, its not any prettier than she is.
There are at least 13 new taxes in the bill. Among the more egregious that you might consider:
Individual Mandate Surtax: If you do not have health insurance or refuse to buy health insurance, your friends in Washington will tax you 2.5% of your modified adjusted gross income!
Medicine Cabinet Tax: Would end your ability to purchase non-prescription medications with your health savings accounts (HSAs) or flexible spending accounts (FSAs), or health reimbursement arrangements (HRAs). The bill would also cap FSAs at $2500.
This would be the beginning of the end for HSAs and FSAs. These are actually the solution to affordable health care, but according to Nancy and her merry band of nitwits, they must be destroyed.
Surtax on Individuals and Small Businesses: Nancy includes a surtax of 5.4 percent on adjusted gross incomes over $500,000 ($1 million married filing jointly). If you thought the Democrat engineered banking crash was bad, wait until you see what this does to small businesses and unemployment after it gets rolling.
The "nonpartisan" CBO claims this will ONLY cost $200 BILLION more annually - we all know from previous experiences with goobermint programs you will need to multiply that number by at least 10 for a more accurate estimate.
But the irony of ironies, this will still leave an estimated 18 million people uninsured. 18 freakin' million? We're wasting $200 BILLION and still can't buy basic coverage for 18 million people!? As you see, this bill has nothing to do with making sure people are insured. Heck, give me that $200 billion and I will personally insure every uninsured citizen out there with plenty leftover to throw a mega party or two!
What makes all of this futile is that reimbursements to doctors and hospitals will be drastically reduced. Doctors will retire early, for-profit hospitals will shut their doors, and as health options decrease and begin to be rationed - as they always have in socialized countries, the cost will skyrocket. Not to mention the end of any private insurance options as the Federal government runs them out of business.
Worst Legislation EVER -- although cap and tax may still be worse.
Hope and Change!!!