The RoanokeSlant

This file is a personal journal of commentary of examples of the Roanoke Times and Liberal Media Slant. lbhagen@roanokeslant.org

Sunday, January 31, 2016

 

ObamaCare Dead Line Today: Tax-Fine-Penalty, Job Killer And Massive Debt!

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ObamaCare – the gift that keeps on giving!  What a joy!
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Roanoke Times, AP, 1-27-2016, Pg 1, 4: Healtlh care fines press millennials
Young adults face painful choices as fines for not having coverage go up sharply in 2016.
“Fines” for being uninsured rise shaply in 2016 averaging nearly $1,000 per household.”
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The “penalty” for not buying insurance is $695 per adult and $347.50 per child — or more
http://www.marketwatch.com/story/obamacare-deadline-to-avoid-695-penalty-is-jan-31-2016-01-29
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Today’s the last day to sign-up for 2016 or else: you may get taxed/fined or not.
Has the federal government ever before levied a tax-fine on Americans for NOT signing-up for private services?  I think not!  Just more hope and change we can believe in!
Many who do not sign-up either don’t file income tax forms and/or don’t have “reportable” income.   Either way, how is Obama going to collect his Tax-Fine?
Many of these folks are on some form of ObamaDependence Payments and in that case it’s just a farce exchange of taxpayers money.
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ObamaCare: It’s Not Just For Your Health Insurance Anymore – it’s for your TAXES
The highlights of the massive tax increases include:
Medicare tax went from 1.45% to 2.35%
Top Income tax bracket went from 35% to 39.6%
Top Income payroll tax went from 37.4% to 52.2%
Capital Gains tax went from 15% to 28%
Dividend tax went from 15% to 39.6%
Estate tax went from 0% to 55%
A 3.5% Real Estate transaction tax was added.

http://roanokeslant.blogspot.com/2016/01/obamacare-its-not-just-for-your-health.html
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Obamacare Enrollment Stalls as Projections Are Slashed by 8 Million
The Congressional Budget Office slashed its estimate of exchange enrollment from 21 million to 13 million by 2026 in its annual Budget and Economic Outlook that was released on Tuesday. 
http://www.thefiscaltimes.com/2016/01/29/Obamacare-Enrollment-Stalls-Projections-Are-Slashed-8-Million
“The survey showed that 11.9 percent of adults were not covered by insurance in the final quarter of 2015, the same level as in the first quarter.”
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12% still not covered!  Wasn’t this whole ObamaCare mess launched under the guise that there were 15% uninsured and that ObamaCare would make a major change in that number?  Has the US government ever lied at this level of malfeasance about any project in our history?  I think NOT!
http://roanokeslant.blogspot.com/2014/04/mr-president-obama-you-lie.html
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Small Businesses Suffering Under Obamacare
http://news.heartland.org/newspaper-article/2016/01/27/small-businesses-suffering-under-obamacare

“Since the Affordable Care Act (ACA) became law in 2010, millions of Americans have been forced to obtain a new, often inferior health insurance plan; health insurance premiums have risen dramatically, especially for young adults; and many health insurance companies operating in the Obamacare exchanges have lost millions of dollars. For instance, UnitedHealth Group, the nation’s largest health insurer, recently announced it is expecting losses totaling more than $500 million on its 2016 Obamacare plans.

Although numerous groups are facing difficulties related to ACA, few are struggling as significantly as U.S. small businesses. According to an online survey produced by LevelFunded Health, a national health insurance agency “with a hyper-focus on Affordable Care Act ‘alternative’ employee benefit programs for the small employer market segment,” 87 percent of those small businesses who offer “group health care” saw health insurance premiums rise by 25 percent since 2014, with 12 percent saw premium increases of 50 percent or more.”
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Feds foresee $30 trillion debt, blame looming tax hikes and Obamacare
http://www.washingtontimes.com/news/2016/jan/25/warning-feds-now-foresee-30-trillion-debt/

“The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending and tax cuts approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past few years.
Analysts said Obamacare will chase more workers out of the labor force over the next five years, adding pressure to an economy still struggling to spring to life more than seven years into the Obama recovery”
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ObamaCare: The Train Wreck Continues Into 2015 And Beyond
http://roanokeslant.blogspot.com/2015/01/obamacare-train-wreck-continues-into.html
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ObamaCare Costs Continue To Rise
http://roanokeslant.blogspot.com/2015/11/obamacare-costs-continue-to-rise.html
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ObamaCare Like A Chain-Reaction Highway Wreck
http://roanokeslant.blogspot.com/2013/07/obamacare-like-chain-reaction-highway.html
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