
Ok, the
full text for the Obamacare plan is now on the internet.
Corporation TAX!!Here is what I am talking about. If you do not offer your employees the Government ran health care, but you offer them another "Exchange-participating health benefits plan" according to
Sec. 311 of the bill, you have to "make a timely contribution to the Health Insurance Exchange with respect to each such employee in accordance with section 313".
Now for what Section 313 says.... "A contribution is made in accordance with this section with respect to an employee if such contribution is equal to an amount equal to 8 percent of the average wages paid by the employer during the period of enrollment". So in other words, if you have to pay 8% into the government ran Health Plan even if you do give your employees another private option. (Sounds like a tax to me). But here is the kicker. It is a progressive tax. The 8% is for companies who pay out more than $400,000 a year in payroll. If you payout under that amount, you get taxed less.
Does not exceed $250,000 0%, Exceeds $250,000, but does not exceed $300,000 2%, Exceeds $300,000, but does not exceed $350,000 4%, Exceeds $350,000, but does not exceed $400,000 6%
So, bottom line, if your company pays out more than 250,000 in payroll (that is money you pay to employees), and you opt not to offer the government ran plan, you will still have to pay 2-8% of their payroll into the fund. So why would you want to build your company's payroll? The higher or more people you employee, the more money you have to shell out to the government. Remember, this is above and beyond the taxes already burdening the company.
They say they are not forcing people to use the Government Ran Health Plan, but making it an option for employers. THAT IS CRAP! If you opt out, you still have to pay up to 8% of your total payroll into the Government Ran System.
INDIVIDUAL TAX!
Now lets read down to Section 401 "Tax on Individuals Without Acceptable Health Care Coverage"
If you DON'T have health insurance, ie you are self employed and decide to self insure, then you are taxed. They even call it a tax in the BILL. "Tax Imposed- In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of--"
How is this not a tax, and how is this not FORCED health care? Bottom line, you loose your right to not participate in a Government Ran Program. If you don't want to participate, then you are FORCED to pay a tax. If you don't want insurance at all, you are FORCED to pay a tax. Either way, you HAVE to either pay for insurance, or pay the tax. How is this going to help in a recession impacted country?
If you have nothing better to do, then read the 1000 page document, you can do so by going to one of these URLS:
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h3200ih.txt.pdfhttp://thomas.loc.gov/cgi-bin/query/z?c111:H.R.3200:
Labels: Obama, Socialism