“President Obama promised that the brunt of any financial reckoning will fall mostly only on those making more than $250,000 annually. Under his healthcare plan, the economic agony starts at income levels that fall much lower than that.
Middle class families take note. A family of four with an aggregate income of more than $88,000 annually or an individual earning around $44,000 could find themselves badly strained by healthcare costs under the Obama plan.”
“New Jersey Gov. Chris Christie vetoed legislation on Thursday that would have created a statewide health-care exchange, as allowed under the federal Affordable Care Act. In a message accompanying the expected veto, The Republican governor said he had concerns about a pending U.S. Supreme Court Case against the federal health-care law and how its decision would impact funding for New Jersey.”
“In 2008, the average regulation received 56 days of OMB review. In 2009, the average regulation received 27 days of review. In 2010, the average ObamaCare regulation received 5 days of review. “
“The fact that the Administration is pulling back incentives to enroll in its high-risk pool may signify its acceptance that the pre-existing condition problem is nowhere near as big as it was portrayed during the health care debate. This is yet another reminder that Obamacare isn’t just terrible health policy with disastrous consequences; it’s overreaching, taxpayer-funded programs that our country didn’t need.”
“In 2010, however, Congress, ravenous for revenue to fund Obamacare, included in the legislation a 2.3 percent tax on gross revenue — which generally amounts to about a 15 percent tax on most manufacturers’ profits — from U.S. sales of medical devices beginning in 2013. This will be piled on top of the 35 percent federal corporate tax, and state and local taxes. The 2.3 percent tax will be a $20 billion blow to an industry that employs more than 400,000, and $20 billion is almost double the industry’s annual investment in research and development.”
“No doubt Obamacare’s apologists will try to seize on the Fidelity finding from last year and claim the law is actually good for seniors. It won’t work. America’s seniors already understand that cutting Medicare’s reimbursement rates by $450 billion over a decade isn’t going to be good for their health care. No amount of spin is going to change their minds on that.”