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How many new taxes in ObamaCare?
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Obamacare is the term used to describe the Affordable Care Act that was signed into law by President Obama in March of 2010. The Affordable Care Act, also known as the Patient… Protection and Affordable Care Act or PPACA, expands the government's role in the provision of healthcare by expanding coverage through new entities (State Exchanges) and existing government programs (Medicaid, Community Health Centers), restructuring how coverage is provided (Medicare) and delivered (Accountable Care Organizations, Medical Homes), all with the intent of creating a healthcare system that dramatically reduces the size of the uninsured population in the United States.
We don't need Obamacare. Obamacare is a bill that is over 2,000 pages long, but the main idea of it is that everyone is FORCED to buy health insurance. Of course, in those 2…,000 pages, it doesn't just say that everyone must buy health insurance. It also indirectly said that the U.S. government is in control over all things health related. That's not a good thing because everything the government has control over fails. . This is just one opinion. Just as you need car insurance to drive a car, you will need health insurance.
If it is over 6 pages (the size of the Constitution) it is too big... 2000 The number of pages depends on how the law is formatted. When it was a bill, it was over 2,000 pag…es long. Formatting led to it being 961 pages as a law. The law contains 2,163,744 words. According to Wolfram|Alpha, that is about a 24 pound book.
According to studies and polls which have been conducted, NOsenators fully read the bill.... Which is no different than any large bill passed by Congress.Congress members wor…k on specific sections, and rely on othermembers (and their leadership) to explain the other provisions theydidn't work on. The hitch here is that it appears that theleadership was never able to provide a full summary of the PPACA tomembers, so members voted on it based on a bit more faith and trustthan normal. But it's hardly uncommon for this to happen.
As Obamacare (the PPACA law) is not some sort of coverage plan, butrather a healthcare regulatory framework law, no one will bedirectly covered by Obamacare. Roughly 11 milli…on people who do not currently have medicalcoverage are expected to be covered under some method provided bythe PPACA. The majority (about 60%) of these folks will be throughexpanded Medicaid coverage. The remainder will mostly be peoplebuying coverage through a state or federal Exchange, with subsidiespossible from their employer and/or the federal government. A large unknown is the number of people who qualify forexchange-based coverage (and possibly some level of subsidy), butchoose not to purchase that coverage. Note that we will NOT know actual numbers until most likely 2016 atthe earliest, as there are considerable kinks to work out in thenew law, and actual coverage numbers will be unknown until allreporting is finished, which typically lags at least a fullcalendar year behind reality.
It is not unconstitutional. The Supreme Court ruled that it isconstitutional.
No. Just a rumor going around.
2000 pages are in the ACA.
Does the new ObamaCare Law have a provision in it that taxes the future sale of your house another 3.8 percent?
No, this is another of the many internet myths about the Affordable Care Act, called "Obamacare" by many people. There is no such tax on the future sale of homes. Snopes.com a…nd other fact-checking sites have debunked this claim.
Yes. Only about 50% of Americans pay any federal income tax. Obama saying that this is not a tax is a lie because the money has to come from some where and where is that mo…ney going to come from? Taxes. It's only logic.
No, that is an internet myth, and there is no truth to it. The National Association of Realtors has also noted that this is a myth; the vast majority of home sales are in no w…ay affected by the Affordable Care Act. On the other hand, there is a small tax increase (3.8%) on investment income. It is not a sales tax, and only applies to certain people with the highest incomes, and certain transactions over $500,000. I enclose a link to a good explanation of it; most objective estimates say it will have no effect on 98% of Americans.
What are the upper level ObamaCare taxes prepared to whack usa medical device hospital furniture revenues and why doesnt md ObamaCare taxation solely hit profits instead of punishing viability?
This is actually a good (if not complicated) question. Much of the rhetoric around the health-care law has in fact been exaggerated and mythic, put forward by opponents of the… law. But in this case, there is an actual, not an exaggerated, controversy about a tax on medical devices and certain medical supplies. A number of lobbyists and special interest groups, as well as hospital administrators, are understandably upset that this tax is part of the new health care law. It should be noted that any new law will often need to be tweaked or modified, and this particular provision is on the radar of many in the administration, including some members of congress who have a number of hospitals in their district. I don't know when it will be addressed, but I will be very surprised if it doesn't get fixed in the near future. I would advise that you call your representative and reiterate your eagerness to see it addressed sooner rather than later.
Yes and no. There is a tremendous amount of misinformation around this subject, and fortunately, Snopes.com did a good job of cutting through the myths. Short answer, there is… a 2.3% excise tax ONLY on the sale of medical devices, and it mainly applies to the manufacturers of these machines, which must be for the purpose of diagnosing or treating diseases. The excise tax does not apply to such items as eye-glasses or hearing aids, and internet stories of people seeing the tax applied at such non-medical places as clothing stores are false. (It should also be noted that health industry lobbyists are trying to get the tax removed or scaled back.) I enclose the link to Snopes.com, which explains in detail what is and is not taxed.
How much money a person has to pay in taxes if they don't have insurance depends on how much money they make and how big their family is. Obama Care will decide the amounts.
The online version has about 900 pages. This probably looks like a large number, but it is actually typical-- many pieces of major congressional legislation contain hundreds o…f pages, along with footnotes and references.