Wednesday, December 12, 2012

Excise tax on healthcare part of Obamacare

As part of legislature to pay for giving workers of Walmart access to healthcare, hospitals are going to have to fork over an extra 2.3 percent as part of an excise tax.  The tax is acually supposed to be for manufacturers to pay, but manufacturers are going to pass the tax along to consumers.

And since CMS only pays a flat fee per diagnosis, the cost will be eaten and swallowed by hospitals.  This is yet another method of making it so small, independend hospitals will have to merge with larger hospitals or hospital groups

This is part of the long term plan for progressives to create socialized medicine in America.  The more regional hospitals wrapped under the umbrella of large groups, the easier it will be for the government to one day take over the healthcare system. 

Of course the 2.3 percent tax will also be part of the package that increases the cost of healthcare instead of decreases as Obama promised to pass the legislature. 

The tax is slated to take effect January 1, and it has already resulted in the loss of a significant number of jobs.  In Indiana, according to, a manufacturer of hip replacement implants has already "laid off 450 workers in anticipation of the $60 million in taxes in 2013.  Michigan-based Stryker Corp., which also produces hip implants, laid off 5 percnet of its workers in a bid to compensate for the $100 million it will pay in taxes next year.workers in a bid to compensate for the $100 million it will pay in taxes next year."

I think the we have seen nothing yet.  The "Law of Unintended Consequences" is already showing that it's nothing to be tinkered with.  Lawmakers are better to do nothing than to do something stupid. 

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