Here are interesting videos discussing the health care costs and the national debt.
http://www.cnbc.com/id/15840232?video=1337157284&play=1
http://www.cnbc.com/id/15840232?video=1337163453&play=1
Friday, November 20, 2009
Sunday, November 8, 2009
Who Really Pays
Extracted below is a current article on the 3 health care bills currently working their way through the Senate and House. Just do a quick read and look at those fees/taxes/penalties the health care industry will pay? I'd ask anyone to rationalize what happens to those fees etc. once paid by companies. I suggest most will end up being paid by 'we the consumer' of health care in one fashion or another. a. One way we'll pay may be through lower dividends paid out by the companies to retirement fund holders/investors/me/you, b. two higher charges for health services to consumers, c. three fewer services to the consumer, d. four less capital investment that makes the providers more efficient/effective providers, or e. four lower profit which also will contribute to item four. The bottom line is that 'We The Consumer" will pay the fees which should be described as INDIRECT TAXES on US. Give me a break, do we really want to spend more money on health care?
"Quote" House Democratic, House GOP and Senate Democratic health care bills compared
By Erica Werner and Ricardo Alonso-Zaldivar, Associated Press Writers
On 8:25 pm EST, Saturday November 7, 2009
House version:
There are also more than $400 billion in cuts to Medicare and Medicaid; a new $20 billion fee on medical device makers; $13 billion from limiting contributions to flexible spending accounts; sizable penalties paid by individuals and employers who don't obtain coverage; and a mix of other corporate taxes and fees.
REQUIREMENTS FOR EMPLOYERS: Employers must provide insurance to their employees or pay a penalty of 8 percent of payroll.
Senate version:
Fees on insurance companies, drug makers, medical device manufacturers. Tax levied on insurance companies, equal to 40 percent of total premiums paid on insurance plans costing more than $8,000 annually for individuals and $21,000 for families. But that number may rise to $23,000. Retirees over age 55 and people in high-risk professions may be allowed to have somewhat more valuable plans before they're taxed. Cuts to Medicare and Medicaid. A fee on employers whose workers receive government subsidies to help them pay premiums. Fines on people who fail to purchase coverage. "End-Quote"
"Quote" House Democratic, House GOP and Senate Democratic health care bills compared
By Erica Werner and Ricardo Alonso-Zaldivar, Associated Press Writers
On 8:25 pm EST, Saturday November 7, 2009
House version:
There are also more than $400 billion in cuts to Medicare and Medicaid; a new $20 billion fee on medical device makers; $13 billion from limiting contributions to flexible spending accounts; sizable penalties paid by individuals and employers who don't obtain coverage; and a mix of other corporate taxes and fees.
REQUIREMENTS FOR EMPLOYERS: Employers must provide insurance to their employees or pay a penalty of 8 percent of payroll.
Senate version:
Fees on insurance companies, drug makers, medical device manufacturers. Tax levied on insurance companies, equal to 40 percent of total premiums paid on insurance plans costing more than $8,000 annually for individuals and $21,000 for families. But that number may rise to $23,000. Retirees over age 55 and people in high-risk professions may be allowed to have somewhat more valuable plans before they're taxed. Cuts to Medicare and Medicaid. A fee on employers whose workers receive government subsidies to help them pay premiums. Fines on people who fail to purchase coverage. "End-Quote"
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