Also, a provision that raises the threshold at which medical expenses become tax deductible, from 7.5 percent of income to 10 percent of income, would reportedly yield the government $15.2 billion in new revenue from sick and disabled Americans with high out-of-pocket medical costs.I guess all those horror stories being promoted about how people are losing everything due to high out of pocket costs will not go away with the government running things, but will now increase the amount people are paying out of pocket. At least their suffering will end sooner, they will be bankrupt sooner.
In addition to this complete fallacy of cost savings, we can also look forward to these additional taxes, which may reduce the cost to the government, but does nothing to help the people.
-- $201 billion in new taxes on high-premium health care plans.The more information that comes out about this thing, the more disgusting it gets. There is absolutely nothing in here that reduces the cost of medical care. Nothing. NOT ONE THING. They are simply penalizing all Americans-then taking that money and spreading it around. I hope even the people who are in favor of the government running healthcare see the fallacy in this proposal. People will still be without insurance, costs will continue to rise and the government will just pound the people-ALL PEOPLE-for all the money they are worth to pay for it.
-- $83 billion in new taxes paid by workers who will receive less employer-sponsored coverage or lose that coverage altogether but will be compensated with higher
wages or monetary benefits, which are taxable.
-- $23 billion in penalty fees paid by employers who do not comply with the federal insurance mandate.
-- $4 billion in penalty fees paid by individuals who don’t have health insurance.
-- $16 billion in new income and Medicare payroll tax revenue due to changes in Medicare.
-- $180 billion in other tax revenues items calculated by the non-partisan Joint Committee on Taxation (JCT).
Talk about false information.....