The Finance Committee's top Republican, Chuck Grassley of Iowa, said in a statement: "These taxes will increase insurance premiums and health care costs for individuals and families."
At the same time, they also could mean more revenue to help pay for expanding coverage to the uninsured.
This is one of the biggest problems with the healthcare reform that is about to be forced down our throats !
Not only will the people that do work and support their Families , be slammed with higher taxes and insurance premiums , but our taxes will go to provide insurance coverage for those people who do not work and support their families !
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Foxnews
On the tax issue, the Joint Committee on Taxation said in a memo prepared for Finance Committee Republicans that drug companies, medical device manufacturers and insurers would pay $121 billion over 10 years as a result of fees in the committee's bill. That compares with $92 billion originally calculated.
The tax experts said the reason for the change was that the companies wouldn't be able to deduct the fees.
The Finance Committee's top Republican, Chuck Grassley of Iowa, said in a statement: "These taxes will increase insurance premiums and health care costs for individuals and families."
At the same time, they also could mean more revenue to help pay for expanding coverage to the uninsured.
The industry fees are separate from a proposed new tax on high-value insurance plans that's also in the Finance Committee bill.
The committee, the last one in Congress yet to act on sweeping health care legislation, had planned a final vote for this week but has been waiting for a more complete set of calculations from the Congressional Budget Office.
Tuesday's tax report didn't shed light on the total cost of the bill, which stood at under $900 billion over 10 years going into a two-week drafting session that ended this past Friday. Dozens of amendments were added during the session, some making substantial changes, so senators want to see where that leaves the price tag of the bill before they go to a final vote.
That figure could be available as early as Wednesday, according to Finance Chairman Max Baucus, D-Mont. Baucus has a 13-10 Democratic majority on the panel so the outcome is hardly in question, though the margin may be.
" What about people like me who have a decent job but still can not "Afford" Healthcare for my Family ? I guess I still get screwed , as long as some dead beat reject gets healthcare for free , I guess it will be O.K. !?!?!?"
thanks again Washington !
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