It’s official: Obamacare is Obamatax. The Supreme Court saved Obamacare but at the expense of exposing it as simply a massive collection of taxes – 20 taxes at least. Obamacare was supposed to reduce the cost of health insurance but it has six taxes on Americans who already have health insurance. Your insurance will cost more to pay Mr. Obama’s tax hikes.
Obamacare was supposed to “bend the cost curve down” but it has a tax on medical devices. What medical devices? Braces for your kids. A stent for your heart. A wheelchair. All the cool stuff you see in hospitals will now cost more in order to pay Mr. Obama’s tax on medical devices.
Obamacare has a tax on lifesaving drugs. Great – now our drugs will cost more. Obamacare raises taxes on making new drugs by $2.3 billion a year. And you will pay it.
Obamacare promised that you would be able to keep your insurance. Not if you have a Health Savings Account – that is hit with new tax penalties. Just try and buy over-the-counter nonprescription drugs pre-tax with your HSA – not anymore. Your Flexible Spending Account is now going to be taxed so that parents who use these insurance accounts to take care of special-needs children will find part of their own life savings taxed away to Washington. And if you have insurance that Washington bureaucrats have decided on your behalf is too good, then you pay part of the $32 billion Mr. Obama is adding in new taxes on those with “too much, too good” health insurance.
Obamacare even has a tax on charitable hospitals.