How we all will PAY for ObamaCare (Affordable Care Act) IT AIN'T FREE, GOAT BREAKS IT DOWN FOR YA

It's not FREE HEALTH CARE.


Data from [link to en.wikipedia.org]



Summary of tax increases: (ten-year projection)

Increase Medicare tax rate by 0.9% and impose added tax of 3.8% on unearned income for high-income taxpayers (over $200,000 and $250,000, ): $210.2 billion

Charge an annual fee on health insurance providers: $60 billion

Impose a 40% excise tax on health insurance annual premiums in excess of $10,200 for an individual or $27,500 for a family: $32 billion

(The above is a tax on Cadillac Health Care Plans, Criticisms of these plans generally center on the small or nonexistent co-pays, deductibles, or caps that encourage the overuse of medical care, driving the cost up for the uninsured or those on other plans, which some say necessitates a Cadillac tax.)
[link to en.wikipedia.org]

Impose an annual fee on manufacturers and importers of branded drugs: $27 billion

Impose a 2.3% excise tax on manufacturers and importers of certain medical devices:$20 billion

Raise the 7.5% adjusted gross income floor on medical expenses deduction to 10%: $15.2 billion

Limit annual contributions to flexible spending arrangements in cafeteria plans to $2,500: $13 billion

All other revenue sources: $14.9 billion

Summary of spending offsets: (ten-year projection)

Reduce funding for Medicare Advantage policies: $132 billion
Reduce Medicare home health care payments: $40 billion
Reduce certain Medicare hospital payments: $22 billion

There are also taxes on pharmaceuticals, high-cost diagnostic equipment, and a 10% federal sales tax on indoor tanning services.


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Will all this money be enough to cover everyone's health care over the next 10 years?



HINT: The total taxes raised to pay for the program over 10 years turns out to be about $586 billion