1 April 2012
An AP News article today incorrectly states that the individual mandate at the heart of the Patient Protection and Affordable Care Act (aka ObamaCare) is not the first mandate of its kind. The author incorrectly says Medicare was the first mandate. Was the author’s intent to pull an “April Fool’s joke” on us? Allow me to be first: April fool!
How do they differ?
Medicare is a national insurance program designed to assist seniors 65 years of age and older. It also provides medical assistance for younger Americans with specific disabilities. You can learn more about Medicare from its government website Medicare.gov and from other resources like Wikipedia: Medicare (United States).
FICA and self-employment taxes fund Medicare.
While the taxes affect all earned income, no one is required to use Medicare. It is simply a nationwide risk pool that encompasses the entire nation.
ObamaCare, on the other hand, goes far beyond Medicare. If one elects to never use Medicare, so be it: you don’t have to use it and you can do whatever you wish with respect to medical insurance, treatment options, etc. There is no penalty for not using Medicare.
On the other hand, ObamaCare is a federal mandate that penalizes persons who do not wish to participate. Those who decline to participate must pay fines, hefty fines. This fine is the least objection I have.
As a senior, I do not want unelected bureaucrats making life or death choices for me. Am I worth the money? What course of treatment should I receive? Do you want a “death panel” to make life and death decisions about your grandparents? Sarah Palin aptly described these unelected decision makers as ‘Death Panels’. I refer you to an excellent treatise on this subject at American Thinker: Sarah Palin was right about death panels. You will also find ObamaCareWatch.org an up to date resource.
As a parting shot, you should know that the nonpartisan Congressional Budget Office (CBO) projects ObamaCare to cost $1.76 trillion over ten years. Congress projected a cost of about half, $940 billion, when ObamaCare became law. So, I ask, how do you equate dramatic increases in personal costs with the word “affordable”? Affordable for whom?
Looking Under the Hood – Hidden Taxes
ObamaCare requires reporting of ALL purchases of gold to the federal government. What, you ask, is the significance of gold in this bill? The only reason is to allow the federal government to confiscate gold at a value assigned by the federal government and pay you for your gold with fiat currency of a value assigned by the federal government. If you fail to report the gold, you will face prison time. My word to all you “gold bugs” – liquidate, if the law stands, and buy real commodities.
If the law stands, starting January 1, 2013 – just months from now – every real estate closing will include a 3.8% federal sales tax. But, that’s not all.
Investors who earn $200,000 or more will also pay a 3.8% tax on annual capital gains (gains from investments).
How about this for “affordable” – amputees, users of hearing aids and the like will pay a 2.9% tax on those purchases, as well.
How about it, you who love the golden tan, how do you like the
ObamaCare is simply stated a colossal tax increase on ALL Americans and the singular greatest expansion of control of citizens by the federal government in the history of this country.
- Loss of liberty
- Increased taxation
- Lower quality medical care
- Confiscation of gold
- You name it