Big Companies Going To Have Tremendous Layoffs With New Health Plan

[jjgold]

Why???

They will be required to pay health insurance to all employees with new Health Care Bill. The unemployment rate is going to sore the next 4 years like you have never seen. Most Small business has no shot under this New Bill.

[MartinBlank]

Good thing you don't work for a living JJ.

Otherwise you may have to worry about losing a job.

[BatemanPatrickl]

JJ guys like Marty are concerned about getting coverage for his domestic partner no matter what the cost.

[MartinBlank]

JJ guys like Marty are concerned about getting coverage for his domestic partner no matter what the cost.

And right on cue.

Bateman running to JJ's defense.

JJ do you wipe your ass clean before Bateman takes to licking it?

[jjgold]

JJ guys like Marty are concerned about getting coverage for his domestic partner no matter what the cost.

Patrick we got him, we know the Country and the politics behind it

[BatemanPatrickl]

JJ Marty is not a challenge. Kind of link dunking on an 8 foot rim. You know you are going to do it but you want to make sure it looks spectacular.

[statnerds]

the guy is in constant campaign mode. can i take a shit without seeing obama's face? fukkin guy wants to be lenin or some shit. he must not want a second term. if the reps don't win the house and senate, who will he run against in 2012? he needs an enemy. when unemployment is still 10% or higher and our tax rates will be 30% or higher, who the fukk do you blame? hillary cunton is going to take a run at him in 2012, i can just feel it.

[Brock Landers]

they already offer insurance, no impact

[Scorpion]

Why???

They will be required to pay health insurance to all employees with new Health Care Bill. The unemployment rate is going to sore the next 4 years like you have never seen. Most Small business has no shot under this New Bill.

I agree

[Cougar Bait]

they already offer insurance, no impact

You do realize all those plans will now be taxed, right Brock?

This bill includes:
Middle-class tax increases . There are at least a dozen direct and indirect tax increases that would break President Obama’s pledge not to raise taxes on those making less than $200,000 for singles and $250,000 for couples. These include:

• a $32 billion “Cadillac tax” on high-cost plans,
• an individual mandate tax on Americans who do not purchase government-approved health insurance,
• an increase in the 7.5% AGI floor for medical expense deductions to 10%,
• limits on Flexible Spending Accounts in cafeteria plans,
• increased penalties for nonqualified HSA distributions,
• other restrictions on Health Savings Accounts, Health Reimbursement Accounts, and Flexible Spending Accounts,
• a tax on tanning services,
• an employer mandate tax,
• a sales tax on medical devices,
• a tax on health insurance premiums,
• a tax on prescription drugs, and
• a tax on insured and self-insured health plans.

But more to the point...

I am glad I am not old right now, have no responsibilities whatsoever (including children). Hospitals are going to be an absolute disaster.

Can you imagine doctors having to take orders from government beurocrats? You people bitch and moan about waiting in line at the DMV for your photo. Imagine what that will be like with a fukkin needle in your arm.

[jjgold]

they already offer insurance, no impact

Brock re read it

Go do searches about how health plan affects big business

Tremendous layoffs

[pavyracer]

Quit spreading lies and fear amongst people JJ. Your tactics are fruitless. We are not all hicks from Mississippi.

[Cougar Bait]

Here are other things that (as long as you are able to read) should explain why there are some things to worry about here:

A special deal for union members. Starting in 2018, a single union worker in a multiemployer health plan would be completely exempt from the “Cadillac tax” (a 40% tax on high-cost plans) unless the price of that plan exceeds $27,500. In contrast, a single, non-union worker living right next door would start paying that Cadillac tax as soon as the value of her health plan exceeds $10,200.


Medicare surtaxes. Under the Senate version, the Medicare surtaxes on both earned income (imposed at a rate of 0.9%) and investment income (imposed at a higher rate of 3.8%) have lower thresholds now of $200,000 for singles and $250,000 for couples.


Higher taxes on real estate investments. The 3.8% Medicare surtax would hit average, middle-class investors in real estate. A middle-class taxpayer who happens to sell real estate for a significant gain in a particular year would be liable for this new tax, regardless of how low her income might be in other, more typical years.


Broad new IRS powers. This health care bill vastly expands the responsibilities of the Internal Revenue Service and would strengthen the IRS’s heavy hand in dealing with ordinary taxpayers who play by the rules. If this bill becomes law, the IRS may have to hire up to 16,500 additional auditors, agents, and other employees just to enforce all the new taxes and penalties. The bill would empower the IRS to: (1) verify that Americans have “acceptable” health care coverage; (2) fine Americans up to $2,085 or 2 percent of income (whichever is greater) for the failure to purchase “minimum essential coverage”; (3) confiscate tax refunds; and (4) increase audits.


New marriage penalties. Because the Democrats’ subsidies for health insurance are solely based on the federal poverty level, if two people make $32,000 per year, they would pay between $6,000 and $10,000 more for health insurance than before they said “I do.” This is because as singles they were poor enough to receive health care subsidies, but as a married couple, these Americans are too rich for federal assistance.


A Cadillac tax. The Cadillac tax in the Democrats’ health care bill would not keep pace with medical inflation after it comes into effect in 2018, meaning a larger and larger tax hit over time. Beginning in 2020, this tax would be indexed by only the consumer price index. Given that health insurance premiums will likely increase faster than CPI, the Cadillac tax would hit more and more plans each year and take a bigger bite from those already covered.


Non-indexed surtaxes. Instead of learning the lesson of the Alternative Minimum Tax, which hits more and more Americans every year because the exemption level is not indexed for inflation, the Democrats’ bill repeats this mistake by failing to index the exemption threshold for the Medicare surtaxes on both earned and unearned income.


Higher catastrophic costs. Current law provides important tax relief to Americans who suffer catastrophic out-of-pocket medical expenses, permitting a deduction for costs above 7.5% of income. The Democrats’ bill would raise that threshold to 10% of income in 2012 (2016 for seniors and the disabled). This is a particularly hard hit on those with the highest medical costs who can least afford to pay more taxes. And, according to the non-partisan Joint Committee on Taxation, more than 95% of the revenue generated from this tax increase would come from taxpayers earning less than $200,000.


Higher taxes on investments. Under the Democrats’ bill, the Medicare tax would, for the very first time, apply to capital gains, dividends, interest, rents, royalties, and other investment income of singles earning over $200,000 and couples earning over $250,000. Currently, capital gains and dividends are taxed at a top rate of 15%, but those rates are already scheduled to rise in 2011 to 20% and 39.6%, respectively. When the expansion of the Medicare tax is coupled with the already scheduled rate increase, capital gains rates on these types of investment income, long-term capital gains rates would rise by almost 60% next year – from 15% to 23.8% – and the top tax rate on dividends would nearly triple – from 15% to 43.4%.

[Holtgetsback]

Wal-Mart supported this bill. If that doesn't scare the hell out of you then you must be loaded. I advise everyone to get their savings switched to a currency other than the dollar. Cheers

[pavyracer]

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[MartinBlank]

Pavy, I object.

Fishhead's dad was killed by a 6 fingered man?

and I just can't see JJ being the brains of the operation.

[Grandmaster B]

Good thing you don't work for a living JJ.

Otherwise you may have to worry about losing a job.