Higher Taxes, Higher Premiums – Is That Health Reform?

Despite Promises, “Taxpayers Earning Less Than $200,000 A Year Will Pay Roughly $3.9 Billion More In Taxes”; “Already Moving To Boost Premiums”
SEN. BARACK OBAMA (D-IL): “And If You're A Family Making Less Than $250,000 A Year, My Plan Won't Raise Your Taxes One Penny -- not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes.” (Barack Obama, Remarks, Orlando, FL, 8/3/08)

HIGHER TAXES FOR MIDDLE CLASS AMERICANS
“Taxpayers Earning Less Than $200,000 A Year Will Pay Roughly $3.9 Billion More In Taxes -- In 2019 Alone -- Because Of Healthcare Reform, According To The Joint Committee On Taxation, Congress' Official Scorekeeper For Legislation.” (“Healthcare Law Socks Middle Class With A $3.9 Billion Tax Increase,” The Hill, 4/12/10)

“Once The Law Is Fully Implemented In 2019, The JCT Estimates The Deduction Limitation Will Affect 14.8 Million Taxpayers -- 14.7 Million Of Them Will Earn Less Than $200,000 A Year. These taxpayers are single and joint filers, as well as heads of households.” (“Healthcare Law Socks Middle Class With A $3.9 Billion Tax Increase,” The Hill, 4/12/10)

PRESIDENT OBAMA: “No Longer Would They Be Able To Arbitrarily And Massively Raise Premiums Like Anthem Blue Cross Recently Tried To Do In California -- Up To 39 Percent Increases In One Year In The Individual Market.  Those Practices Would End.” (President Obama, Remarks On Health Care Reform, 3/3/10)

HIGHER PREMIUMS
“Public Outrage Over Double-Digit Rate Hikes For Health Insurance May Have Helped Push President Obama's Healthcare Overhaul Across The Finish Line, But The New Law Does Not Give Regulators The Power To Block Similar Increases In The Future.” “Healthcare Overhaul Won't Stop Premium Increases,” Los Angeles Times, 4/13/10)

“And Now, With Some Major Companies Already Moving To Boost Premiums And Others Poised To Follow Suit, Millions Of Americans May Feel An Unexpected Jolt In The Pocketbook.” (“Healthcare Overhaul Won't Stop Premium Increases,” Los Angeles Times, 4/13/10)

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Tags: higher taxes, higer premiums, government health care, Obamacare
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