About 'total health home care'|Where Do We Draw the Line on Paying for Home Health Care
The Health Care Reform Bill has been signed into law, and American taxpayers will inevitably pay the nearly $1 trillion dollar tab. The health care reform will provide insurance coverage to 32 million Americans who are currently uninsured. After the huge $1 trillion banking bailout in 2008/2009, Americans now expect the government to provide reasonable solutions for paying off these enormous budget deficits. In order to pay the bill, the government plans to raise taxes on wealthy people, slap fees on the health care industry, and cut Medicare expenditures. The government continues to favor Democratic measures, and the wealthy continue to be taxed heavily. Rich Baby Boomers will pay about 20% of the total cost of the package through higher taxes on Medicare and a new tax on sources of passive income. This is yet another true example of taking money from the wealthy and giving it to the poor people. New Fees for the Health Care Industry The health care industry will be slapped with new fees in the coming years. Drug manufacturers and health insurers will see new fees while medical device manufacturers will have to pay a 2.9% excise tax on goods sold. It will still only account for 10% of the total cost of the nearly $1 trillion health care package. Considering how much the industry stands to gain from obtaining 32 million new customers, this seems incredibly advantageous to the industry as a whole. The big question is how much of these fees will be passed on to American consumers? Government to Cut Medicare Expenditures The third way the government plans to pay for the bulk of the Health Care Reform Bill is by cutting Medicare expenditures. Medicare recipients will be forced to pay more for their coverage and many Baby Boomers are still unsure how they will have enough money to retire. To make matters worse, the government will make a $40 billion cut to home health care expenditures over the next 10 years. Rich Baby Boomers are going to be hit twofold through higher taxes and Medicare cuts, but at least they shouldn't have to worry about having enough money to retire. Who Will Benefit from Health Care Reform? Upon closer examination, the health care industry and uninsured people stand to benefit greatly, while American taxpayers will be stuck paying for those who cannot afford medical coverage. Rich American taxpayers will be taxed outright, the health care industry will likely pass on their new fees through higher prices to consumers, and those people seeking Medicare coverage will inevitably pay more for their coverage. Who will pay for the $940 billion Health Care Reform Bill? The simple and inescapable answer is the American working class. Source: Health Care Reform Bill 101 |
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