BOHICA! Taxes are going to go up and the pass through of fees will be felt by the consumer.
Quote:
The CBO may grab all the headlines in wonky conversations about the costs and effects of big health-care bills. But the Joint Committee on Taxation, another nonpartisan body, also plays a key role: Estimating how much revenue new taxes are likely to generate.
Last night, JCT put out this handy PDF estimating the effects of the new tax rules included in the Senate health-care bill. The document shows how many different sources the Senate bill would draw on to pay for increasing the number of Americans with health insurance.
We won’t repeat the whole list, but here’s how much revenue some of the provisions are estimated to generate over the next decade:
Tax on high-end health insurance plans: $149.1 billion
Capping flexible spending accounts at $2,500: $14.6 billion
Fees for drug makers: $22.2 billion
Fees for medical device makers: $19.3 billion
Fees for health insurance companies: $60.4 billion
Higher floor for deducting medical expenses: $15.2 billion
Higher payroll tax for top earners: $53.8 billion
Tax on cosmetic surgery: $5.8 billion
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Additional 0.5% hospital insurance tax on wages
in excess of $200,000 ($250,000 joint)
40% excise tax on health coverage in excess of
$8,500/$23,000 indexed for inflation by CPI-U
plus 1% and increased thresholds for over age 55
retirees or certain high-risk professions; levied at
insurer level; employer aggregates and issues
information return for insurers indicating amount
subject to the excise tax; nondeductible; high 17
state transition relief
http://www.jct.gov/publications.html...rtdown&id=3635