Americans Angry as Obamacare Tax Hits Their Pocketbooks

The Obama Administration is caught in a trap of their own making.

And, it’s name is Obamacare.

From the start, Obama and his minions in his Administration, the Congress, and the sycophantic Main Stream Media, have all lied about Obamacare. ..starting with the preliminary information posted, “back in the day”, on change.gov…

The Obama-Biden plan provides affordable, accessible health care for all Americans, builds on the existing health care system, and uses existing providers, doctors, and plans. Under the Obama-Biden plan, patients will be able to make health care decisions with their doctors, instead of being blocked by insurance company bureaucrats.

Under the plan, if you like your current health insurance, nothing changes, except your costs will go down by as much as $2,500 per year. If you don’t have health insurance, you will have a choice of new, affordable health insurance options.

Make Health Insurance Work for People and Businesses — Not Just Insurance and Drug Companies.

• Require insurance companies to cover pre-existing conditions so all Americans regardless of their health status or history can get comprehensive benefits at fair and stable premiums.
• Create a new Small Business Health Tax Credit to help small businesses provide affordable health insurance to their employees.
• Lower costs for businesses by covering a portion of the catastrophic health costs they pay in return for lower premiums for employees.
• Prevent insurers from overcharging doctors for their malpractice insurance and invest in proven strategies to reduce preventable medical errors.
• Make employer contributions more fair by requiring large employers that do not offer coverage or make a meaningful contribution to the cost of quality health coverage for their employees to contribute a percentage of payroll toward the costs of their employees’ health care.
• Establish a National Health Insurance Exchange with a range of private insurance options as well as a new public plan based on benefits available to members of Congress that will allow individuals and small businesses to buy affordable health coverage.
• Ensure everyone who needs it will receive a tax credit for their premiums.

Reduce Costs and Save a Typical American Family up to $2,500 as reforms phase in:

• Lower drug costs by allowing the importation of safe medicines from other developed countries, increasing the use of generic drugs in public programs, and taking on drug companies that block cheaper generic medicines from the market.
• Require hospitals to collect and report health care cost and quality data.
• Reduce the costs of catastrophic illnesses for employers and their employees.
• Reform the insurance market to increase competition by taking on anticompetitive activity that drives up prices without improving quality of care.
• The Obama-Biden plan will promote public health. It will require coverage of preventive services, including cancer screenings, and increase state and local preparedness for terrorist attacks and natural disasters.

A Commitment to Fiscal Responsibility: Barack Obama will pay for his $50 – $65 billion health care reform effort by rolling back the Bush tax cuts for Americans earning more than $250,000 per year and retaining the estate tax at its 2009 level.

Sounds wonderful, Huh?

Time for a REALITY CHECK!

The New York Times has the story.

Obama administration officials and other supporters of the Affordable Care Act say they worry that the tax-filing season will generate new anger as uninsured consumers learn that they must pay tax penalties and as many people struggle with complex forms needed to justify tax credits they received in 2014 to pay for health insurance.

The White House has already granted some exemptions and is considering more to avoid a political firestorm.

Mark J. Mazur, the assistant Treasury secretary for tax policy, said up to six million taxpayers would have to “pay a fee this year because they made a choice not to obtain health care coverage that they could have afforded.”

But Christine Speidel, a tax lawyer atVermont Legal Aid, said: “A lot of people do not feel that health insurance plans in the marketplace were affordable to them, even with subsidies. Some went without coverage and will therefore be subject to penalties.”

The penalties, approaching 1 percent of income for some households, are supposed to be paid with income taxes due April 15. In addition, officials said, many people with subsidized coverage purchased through the new public insurance exchanges will need to repay some of the subsidies because they received more than they were entitled to.

More than 6.5 million people had insurance through the exchanges at some point last year, and 85 percent of them qualified for financial assistance, in the form of tax credits, to lower their premiums. Most people chose to have the subsidies paid in advance, based on projected income for 2014. If their actual income was higher — because they got a raise or found a new job — they will be entitled to a smaller subsidy and must repay the difference, subject to certain limits.

I am one of those Americans who may be penalized. From April through September of this past year, I was unemployed, due to having been laid off, because my employer did not have the money to pay me.

I attempted to get health insurance, first through my wife’s employer, which would have cost us $350 a month, which we could not afford.

Next, I went to healthcare.gov, and I went through the myriad of pages therein. Seeking and insurance rates. Guess what? Because my wife had a job, I was not eligible for Free Obamacare. Since it was all we could do at that time, to tread water, and to keep a roof over our heads, I could not afford the $450 per month for the policy which was available to me under State-run Healthcare.

Last October, the Good Lord blessed me, and I am now working at a great job,in fact, the best job I have ever had, and that’s saying a lot.

This position has great insurance, which is being activated for me, even as I write this.

Why should I, like millions of other Americans, be punished by this President and his poorly-thought-out national health care plan, passed in the mid of the night, which the majority of Americans did not want in the first place? ?

Now, I realize that Obamacare was the Holy Grail to Brock Hussein Obama and all of his Democratic minions in Congress, who shared his vision turning the shining city on the hill into another socialist nation. However, perhaps they should have actually read the bill before they passed it, Nancy Pelosi notwithstanding.

Obamacare is proving to be just another failed plan, by a president who is in way over his head, and who believes that Marxist Theory has only failed in other countries, because it has never been properly implemented in America.

Anytime someone tries to punish innocent Americans, for fun and / or profit, they pay the price.

As the Democrats found out in November of last year, and we’ll find out in November of 2016…

You don’t bite the hand that feeds you.

Until He Comes.

KJ