Wednesday, March 24, 2010

Obamacare to Drive Health Care Cost Upward

If you believed that Barack Hussein Obama was going to make your health insurance more affordable, then you deserve this.

[P]remiums will continue to rise. How much? No one's certain. To pay for this sweeping reform, here's what will change: Those tax-free flexible spending accounts will be cut in half. They reimburse some medical bills not covered by insurance. The new cap: $2,500....

Starting in 2013, individuals earning more than $200,000 a year - and families earning more than $250,000 - will pay almost one percent more on their Medicare payroll tax. For a family earning $500,000 it means an extra $2,250 a year.

Those same high-earners will face an extra 3.8 percent Medicare tax on their net investment income....

"Somebody will have to pay for it - for the uninsured to be insured," Teresa said. "I just don't want it to be the middle class."

David Griffin knows he'll pay more. His family built DH Griffin. But his higher income faces higher taxes.

"We've been successful and we don't feel like we should be penalized the more successful we are," Griffin said. "It's not the American way."


Nope. It's not. It's the Chicago Way.

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