Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/27/2013 (1 year ago)

Catholic Online (www.catholic.org)

It's no joke, your rent will actually go up. Here's why.

Americans hate hidden fees and taxes, but they're ubiquitous. Almost every purchase you make costs more than the price you see because of these fees and taxes. Your latest government-mandated purchase is no different. Obamacare comes with a whole list of fees and taxes that build atop already sky-high premiums.

Your rent will be among the increases you will face in 2014 thanks to Obamacare.

Your rent will be among the increases you will face in 2014 thanks to Obamacare.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

12/27/2013 (1 year ago)

Published in Politics & Policy

Keywords: Obamacare, rent, costs, socialized, Obama, prices, single payer


LOS ANGELES, CA (Catholic Online) - Obamacare comes with added fees and taxes. Those prices you saw when you picked your plan and signed up, aren't what you'll pay because those prices are too low. Instead, you're be adding several percent to them as part of Obama's plan to squeeze you for taxes so the non-working class can get their insurance for free.

It's another way to spread the wealth from the already-strapped middle class down to everyone else.

Your taxes are as follows:

Two percent for every health plan per month. That tax is expected to generate $8 billion for the government and will balloon to $14 billion over the next four years.

There's a $2 fee for every policy to fund the "Patient Centered Outcomes Research Institute." It's unclear just what this organization will actually do with its millions, despite its benevolent name.

Insurers will pass along a 3.5 percent "user fee" just for having listed their plan on the HealthCare.gov website.

You will pay a 2.3 percent "medical device tax" which will increase the cost of many medical devices some people need for daily use. Think pacemakers, prosthetic limbs and such. 

If you have high out-of-pocket medical expenses, you can deduct those from y our taxes. Except that allowance is going down as Obama takes away some of that money for his plan.

If you're doing okay out there, and you have $200,000 in income, you're going to get walloped by the new Medicare payroll tax that adds nearly 1 percent to your Medicare payroll deductions. You will also pay an additional 3.8 percent on what the government claims is "unearned" income, such as rents.

Of course, most of these increases will simply be passed on to the people who pay rent.

Yes, Obamacare will cause your rent to rise. It's not a joke or an exaggeration.

Likewise, premiums will rise as will the cost of everything. Obamacare is doing well now that it has been fixed, if by doing well we mean the sick and poor are signing up in droves. The healthy and uninsured, known as the "young invincibles" in the research data, and upon whom the entire scheme reply upon to pay premiums, aren't participating, at least not pas paying customers.

The people who are getting squeezed out of their insurance are the working, lower-middle class who are employed, but may not have employer-provided insurance, and who may qualify for federal subsidies, but still don't make enough to afford a steep monthly insurance premium.

Ultimately, there's growing suspicion that this plan is designed to fail because doctors are being squeezed for pay, insurance companies can't cover only the sick and make a profit, and government will scapegoat those same companies as they raise their rates to cover all the people the law makes them cover. Meanwhile, the young working citizens without insurance will simply find doctors who are willing to treat them for cash or will settle for non-qualifying plans. Most people will pay the penalties, which will be cheaper.

Next October, employers are expected to drop millions of Americans off their plans and accept government penalties for doing so. This will create a new crisis for the middle class.

Meanwhile, Obamacare will take literally billions of dollars out of the American economy and funnel it towards insurance companies and the government. As Americans pay hundreds of dollars per month extra for health insurance, they will have less to spend at restaurants, on shopping, on home improvement, children's activities, and more. There will be less consumer demand as insurance eats up family surpluses.

This will put pressure on employers to increase wages, especially among small businesses, who have barely survived the Great Recession and are not enjoying the banner years that Wall Street is reporting.

So what's next? In a year or so, this will become extraordinarily painful for Americans. Those in power know this, which is why they have done all they can to postpone full implementation for as long as possible. In particular, you will notice that full implementation will occur after the 2014 mid-term elections. That's deliberate.

As the lower middle class is crushed and pressure is put on small businesses, the people will cry for relief from Obamacare, and who will be there to provide it-but Obama himself?

Then, as he prepares to exit the White House in his last year, he can bestow his true legacy: a single payer, socialized healthcare system that will handle everything for everyone by eliminating choice and making everybody pay via tax increases. The system will take years to implement, but the downhill slide into it has already begun. Obama has already won; the great general first seeks victory, then seeks battle.

Now take your medicine.



---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for January 2015
General Intention:
That those from diverse religious traditions and all people of good will may work together for peace.
Missionary Intention: That in this year dedicated to consecrated life, religious men and women may rediscover the joy of following Christ and strive to serve the poor with zeal.



Comments


More Politics & Policy

Keith A Fournier: Why I Will Not Give Up On Politics Watch

Image of

By Keith A Fournier

Like many in the United States, I am trying to make sense out of what is happening to this Nation which we love. The temptation, so clearly present in our circles, is to fall into two separate approaches, both of which can lead to error. One is to completely ... continue reading


TIME TO PAY: Uninsured in 2014 will have to pay tax penalty Watch

Image of Take a married couple with $100,000 in income - their bill comes to $797, according to the Tax Policy Center ACA penalty calculator.

By Catholic Online (NEWS CONSORTIUM)

It is time to pay the piper. If you disregarded signing up for Obamacare in 2014 or failed to make payments - you are going to have to pay a fine. As Americans sit down in coming weeks to compile their tax returns, they will have to contend with Obamacare's ... continue reading


'You have to know who your enemy is' Downplaying and mislabling Islamic extremism is a dangerous path for the U.S. Watch

Image of Islamic extremism is terrorism, it is not simply criminal conduct.

By Abigail James (NEWS CONSORTIUM)

The Obama administration refuses to acknowledge the terrorism attacks around the world for what it is, Islamic extremism. This blatant disregard of the real problem can be harmful for the country. LOS ANGELES, CA (Catholic Online) - Secretary of State, John Kerry was ... continue reading


Striking back at the Dems! Koch brothers allocate nearly ONE BILLION DOLLARS for 2016 presidential race Watch

Image of David Koch, one of the leaders of a political action network that has the monetary power to spend hundreds of millions on political races.

By Matt Waterson (NEWS CONSORTIUM)

It seems the Koch brothers have no plans to ease their political spending habits in 2015, as top officials in the brothers' political network released a budget of $889 million to be spent on the vast political network ahead of the 2016 presidential race. LOS ... continue reading


Turning off spigot: Obama aims to possessively guard oil-rich Alaskan coastline from development Watch

Image of Alaska's coastal plain has been at the center of a fight between conservationists and advocates of greater energy exploration in the U.S. for a very long time.

By Catholic Online (NEWS CONSORTIUM)

Just because there's been relief at the corner gas pump doesn't mean that the United States won't need any more oil in the near future - far from it. As such, many are infuriated that U.S. President Barack Obama seeks to designate the vast majority of Alaska's ... continue reading


And the field gets thicker! Rubio joins Bush, Romney, Walker and Christie as 2016 presidential hopeful Watch

Image of Marco Rubio, a Senator from Florida may be crafting a campaign team for a potential 2016 bid.

By Matt Waterson (NEWS CONSORTIUM)

A fifth Republican is making noise that could be interpreted as intent to make a 2016 presidential run. LOS ANGELES, CA (Catholic Online) - Florida Senator Marco Rubio is possibly gathering a campaign team, planning out a slew of state visits starting in February, and ... continue reading


Scott Walker enters the 2016 Republican nomination ring with speech attacking Obama's failed policies Watch

Image of Wisconsin Governor Scott Walker gave a speech in Iowa, a move which may put him in the running for the Republican nomination.

By Matt Waterson (NEWS CONSORTIUM)

Former Florida Governor Jeb Bush, New Jersey Governor Chris Christie and former Massachusetts Governor Mitt Romney may have been the first Republicans to make it clear-though still unofficial-that they intend to run for the Republican nomination in 2016, but ... continue reading


Jeb Bush, Mitt Romney hold summit meeting: Are they plotting election strategy? Watch

Image of There have been stories in a number of outlets that Jeb Bush proposed the meeting weeks ago, in order to thank Mitt Romney for his past party leadership.

By Catholic Online (NEWS CONSORTIUM)

Former governors Jeb Bush and Mitt Romney are having a summit meeting. The meeting will be in Utah. Speculation swirls about what the meeting will entail. Some GOP party officials hope "the two former governors will find a way to avoid competing presidential campaigns ... continue reading


An average of 27 late-term abortions happen every day in the United States; the bill to protect the unborn from this cruel pain was dramatically dropped by the GOP Watch

Image of 10,000 babies are killed each year through late-term abortions.

By Abigail James (NEWS CONSORTIUM)

An estimated 10,000 unborn babies are killed each year through late-term abortions. This averages out to 27.4 abortions taking place 20 weeks or later per day or 1.14 per hour, according to the Congressional Budget Office. LOS ANGELES, CA (Catholic Online) - The Pain ... continue reading


Father Frank Pavone on Pope Francis, Politics, and Catholic Social teaching Watch

Image of Fr Frank Pavone - Fidelity to the Gospel requires that we be able to prophetically challenge the positions of all political parties, and that our loyalty to Christ and his teaching supersedes our loyalty to any political party, although such loyalties are not per se incompatible with being a Christian.

By Matt C. Abbott

It remains true that the right to life is the most fundamental right and that the duty to defend it is a more urgent priority than other social justice priorities. But to what extent that fact helps or hurts a political party depends upon the party, and his ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Deuteronomy 18:15-20
15 Yahweh your God will raise up a prophet like me; ... Read More

Psalm, Psalms 95:1-2, 6-7, 7-9
1 Come, let us cry out with joy to Yahweh, acclaim ... Read More

Gospel, Mark 1:21-28
21 They went as far as Capernaum, and at once on the ... Read More

Reading 2, First Corinthians 7:32-35
32 I should like you to have your minds free from all ... Read More

Saint of the Day

Saint of the Day for February 1st, 2015 Image

St. Brigid of Ireland
February 1: Brigid was probably born at Faughart near Dundalk, Louth, ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter