Senate Bill Contains "Facelift Tax"
The Wall St. Journal reports the new Senate health care bill imposes a 5% tax on receipients of elective plastic surgery.
The tax would fall on the individuals who undergo the procedures. If they don’t pay it when they’re billed for their surgery, then it falls to the provider who performed the procedure.
Who gets the most plastic surgery? It's not the young.
Then there's the tax on "Cadillac health plans" defined as health care plans with premiums over $8,500 a year. The insurer pays it, but to recoup it, won't they just reduce benefits the plan provides? Anthem already sent out a letter that when renewed, my plan will no longer cover 100% of prescriptions. I bet this tax on Cadillac plans results in the plans becoming Chevys. [More...]
Then there's the increase in medicare payroll tax for individuals earning more than $200k a year. The House proposal taxed income over $500k. I don't think we should have both a tax on cadillac plans and a medicare payroll tax increase for those earning $200k.
One way or another, I think all these taxes are going to be passed on by the companies to the consumer. Not only the wealthy will be affected. I think those between ages 50 and 60 will be disproportionately and adversely affected. We're already paying sky-high premiums and we have years to go before Medicare kicks in. Maybe we should lower Medicare eligibility to age 60. I think that would be fair.
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