Time will tell what we finally get, but here is a peak on how to fund health care reform.
The latest trial balloon includes $600 billion in tax increases and $400 billion in Medicare cuts. That’s a cool way to find $1 trillion . . .
The tax increases have been expected. Taxing anything from soda pop to “the rich”. Let’s look at some of these twists on generating new revenue.
Senate Finance Committee Chairman Max Baucus, a Montana Democrat, is considering a proposal to apply income taxes to health-care plans if they are significantly more expensive than the basic health plan for federal employees — $13,000 for a family of four.
Buy “too much” insurance and pay a penalty.
First they tell us what kind of toilet we can buy. If it uses too much water, we pay a penalty. Now if we buy too much insurance (according to THEIR guideline), we pay a penalty.
Obama said this week he plans in the coming days to disclose more proposals for raising “additional sources of revenue.” In a letter last week to Senate Democrats drafting legislation he said he will be proposing between $200 billion and $300 billion in further Medicare and Medicaid cuts.
Medicare & Medicaid cuts.
In other words, pay for fewer services, and/or pay the providers less for their services.
Nothing to this health care reform. This isn’t rocket surgery.
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