More good news concerning the “affordable care act”

From Facebook:
cabelasThis is an image of a sales receipt from Cabela’s, a popular sporting goods store with almost 50 locations throughout the US.

The 2.3% Medical Excise Tax that began on January 1st is supposed to be “hidden” from the consumer, but it’s been brought to the public’s attention by hunting and fishing store Cabela’s who have refused to hide it and are showing it as a separate line item tax on their receipts, the email states.

I did some research and found directly from the IRS’s website information that PROVES this to be true and an accurate portrayal of something hidden in Obamacare that I was not aware of! Now being skeptical of this I went to the IRS website and found this!

Q1. What is the medical device excise tax?
A1. Section 4191 of the Internal Revenue Code imposes an excise tax on the sale of certain medical devices by the manufacturer or importer of the device.
Q2. When does the tax go into effect?
A2. The tax applies to sales of taxable medical devices after Dec. 31, 2012.
Q3. How much is the tax?
A3. The tax is 2.3 percent of the sale price of the taxable medical device. See Chapter 5 of IRS Publication 510, Excise Taxes, and Notice 2012-77 for additional information on the determination of sale price.

IRS.gov Chapter Fivehttp://www.irs.gov/publications/p510/ch05.html

So being more curious I clicked on “Chapter 5 Of IRS Publication 510.”

And what do I find under “MEDICAL DEVICES” under “MANUFACTURERS TAXES”?

The following discussion of manufacturers taxes

Applies to the tax on:

  • Sport fishing equipment;
  • Fishing rods and fishing poles;
  • Electric outboard motors;
  • Fishing tackle boxes;
  • Bows, quivers, broadheads, and points;
  • Arrow shafts;
  • Coal;
  • Taxable tires;
  • Gas guzzler automobiles; and
  • Vaccines.

I NEVER KNEW THAT A TIRE IS A MEDICAL DEVICE.

IRS.gov I think we have definitely been fooled, if we believe that the Affordable Care Act is all about health care. It Truly does appear to be nothing more than a bill laden with a whole lot of taxes that we the people have yet to be aware of.

Please pass this on. I am still incredulous that this can go on. Where is our press? I guess it’s just like Nancy Pelosi said…

We have to pass it to see what is in it. What is next What else is there we do not know about? I am sick to death about our government..!!!!!!

God help us bring this nation back to a land of freedom, and to have the courage and commitment to do so.

Tip of the iceberg!! Also don’t forget the 3.8% tax on unearned income which includes profit from sale of homes, condos …

Obamacare too costly for rich Coloradans, Democrat congressman says

By Tori Richards | Watchdog.org

One of President Obama’s most ardent liberal supporters has defected from Obamacare.

AP Photo

Rep. Jared Polis, D-Boulder, told a Colorado health policy think tank that Obamacare premiums will be too expensive for some of the wealthiest addresses in America – ski resorts like Breckenridge and Keystone. He says he’s asking the feds to let them sit out the president’s national health system.

“We will be encouraging a waiver,” Polis told Health Policy Solutions in a story that ran today. “It will be difficult for Summit County residents to become insured. For the vast majority, it’s too high a price to pay.”

The resorts are in Summit County and Aspen is in a neighboring county, which Polis also represents. He has consistently voted in favor of Obamacare.

Read more at Colorado Watchdog.org

 

To Sidestep Obamacare, Wendy’s Reduces Hours for Hundreds in Nebraska

Employees at various Wendy’s restaurant locations in Nebraska will work fewer hours this year, reportedly due to costs associated with Obamacare.

Under the new healthcare law, businesses with 50 or more “full-time” employees must offer health benefits to their staffers working between 32 and 38 hours. Non-managerial workers at Omaha-area Wendy’s will see their hours cut to 28 hours a week, according to local NBC affiliate WOWT.

Gary Burdette, vice president of operations for the Wendy’s franchise, acknowledged the cuts are an attempt by the franchise owner to reduce the number of full-time employees at his Wendy’s locations to avoid offering health care benefits to his staff, according to WOWT.

Wendy’s spokesman Denny Lynch stressed in a Huffington Post interview that the decision of franchise owner Scott King was his alone and not “a company decision.”

“Our franchisees are independent businesspeople, and they make the decisions regarding their restaurant teams. As small-business employers, our franchisees are facing rising food and operating costs and many new government regulations,” Lynch said.

Read more at Newsmax.com

Health insurance CEOs nervous over prospect of Romney victory, repeal of Obamacare

WASHINGTON — You’d think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney’s improved election prospects, but instead they’re in a quandary.

Although the industry hates parts of President Barack Obama’s health care law, major outfits such as UnitedHealth Group and BlueCross Blue Shield also stand to rake in billions of dollars from new customers who’ll get health insurance under the law. The companies already have invested tens of millions to carry it out.

Were Romney elected, insurers would be in for months of uncertainty as his administration gets used to Washington and tries to make good on his promise repeal Obama’s law. Simultaneously, federal and state bureaucrats and the health care industry would face a rush of legal deadlines for putting into place the major pieces of what Republicans deride as “Obamacare.”

Would they follow the law on the books or the one in the works? What would federal courts tell them to do?

The answers probably would hinge on an always unwieldy Congress.

Read more at Lubbock Avalanche-Journal
Mitt Romney web site
Read the Health Care Law. Nancy Pelosi didn’t.

Rationing Begins: States Limiting Drug Prescriptions for Medicaid Patients

(CNSNews.com) – Sixteen states have set a limit on the number of prescription drugs they will cover for Medicaid patients, according to Kaiser Health News.

Seven of those states, according to Kaiser Health News, have enacted or tightened those limits in just the last two years.

Medicaid is a federal program that is carried out in partnership with state governments. It forms an important element of President Barack Obama’s health-care plan because under the Patient Protection and Affordable Care Act–AKA Obamcare–a larger number of people will be covered by Medicaid, as the income cap is raised for the program.

With both the expanded Medicaid program and the federal subsidy for health-care premiums that will be available to people earning up to 400 percent of the poverty level, a larger percentage of the population will be wholly or partially dependent on the government for their health care under Obamacare than are now.

Read more at CNS News