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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Politics & Policy

Former House Speaker Dennis Hastert indicted on bank charges Watch

Image of Dennis Hastert reportedly agreed to pay this individual, who authorities did not identify, a total of $3.5 million.

By Catholic Online (NEWS CONSORTIUM)

Many questions continue to swirl about the indictments faced by former U.S. House Speaker Dennis Hastert. The 73-year-old Hastert is facing bank charges brought against by federal prosecutors. LOS ANGELES, CA (Catholic Online) - Hastert is accused of illegally ... continue reading


Has Christianity become public enemy number one? Christianity faces 'real and present danger' Watch

Image of Christians continue to fight for the traditional values that built the country.

By Matt Waterson (NEWS CONSORTIUM)

Republican Presidential hopeful Senator Marco Rubio has claimed that in the United States, Christianity is facing a "real and present danger" because of the constant shifting of American values. LOS ANGELES, CA (Catholic Online) - The growing acceptance of gay ... continue reading


Thirteen cases that will dramatically change the American way of life stand before Supreme Court Watch

Image of Heading into the final month of its annual term, the Supreme Court will need to render decisions on 13 very important cases that will dramatically affect the American way of life.

By Catholic Online (NEWS CONSORTIUM)

Heading into the final month of its annual term, the Supreme Court will need to render decisions on 13 very important cases that will dramatically affect the American way of life. The high court will decide whether same-sex couples have a right to marry ... continue reading


Mysterious company without assets plays role in Clinton's fortunes Watch

Image of In the meantime, the identities of several U.S. and foreign-based companies that Bill Clinton worked for have been disclosed in Hillary Clinton's recent financial report.

By Catholic Online (NEWS CONSORTIUM)

A mysterious company called WJC, LLC without assets or employees has been discovered in the financial files of Bill and Hillary Rodham Clinton. The former president has legally used the company to provide consulting and other services. This fact demonstrates ... continue reading


Obama's use of social media points to cozy relationship between White House, Silicon Valley Watch

Image of Recognized as the first American president of the social media age, Obama has already established a standard for how politicians connect with a digitally savvy electorate.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama was swept to victory in an age of tweets, Facebook, texting and social media. While this has gotten the vote out to younger members of the electorate, there are concerns that the instant gratification of the electronic age is trivializing ... continue reading


President Obama's domestic policies under heavy legal scrutiny Watch

Image of Many of President Obama's social policies may not stand up to scrutiny in a court of law.

By Catholic Online (NEWS CONSORTIUM)

United States President, Barack Obama will be leaving office in January of 2017. When we consider his legacy he leaves to the nation, we must take into account that many of his domestic policies - such as those on same-sex marriage, Obamacare and immigration ... continue reading


Obama radically reformed an important American system -- and you didn't even realize it! Watch

Image of

By Abigail James (NEWS CONSORTIUM)

While President Obama's constantly "reforms" areas of our legislation and laws, the traditional patent law has taken a hit. Although most Americans know very little and don't care very much about patent laws, the effect these changes will have on innovative America can ... continue reading


Democrats break ranks with Obama over secret trade bill Watch

Image of Senator Elizabeth, the Senior Democratic Senator from Massachusetts, is leading a bill which would force President Obama to be transparent in regards to his secret trade bill which only Congressional members may review.

By Matt Waterson (NEWS CONSORTIUM)

President Obama's secretive trade bill is coming under fire from some unlikely sources, namely Democratic Senators Joe Manchin (WV) and Elizabeth Warren (MA), who are both leading the charge for immediate consideration of a bill that would require the contents of ... continue reading


ISIS, IRAN, OBAMACARE: President Obama's legacy - very slim indeed! Watch

Image of A very nonplussed looking president, indeed.

By Catholic Online (NEWS CONSORTIUM)

United States President Barack Obama will be out of office shortly. How will historians judge him? Not too well, according to New York Post columnist John Podhoretz. "After the failure of the Arab Spring, the collapse of Libya, the failure to act on his ... continue reading


CREDIT WHERE IT'S DUE? Hillary Clinton had 'Leadership, Ownership, Stewardship' of Libyan policy 'from start to finish' Watch

Image of State Department Director of Policy and Planning Jake Sullivan and Secretary of State Hillary Clinton and President Barack Obama at the U.S.-ASEAN meeting in Cambodia on Nov. 20, 2012.

By Catholic Online (NEWS CONSORTIUM)

According to one of her top aides, former Secretary of State Hillary Clinton had "leadership/ownership/stewardship of this country's Libya policy from start to finish." That claim came in an email written by one of Clinton's top aides. The message was forwarded ... 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, Sirach 44:1, 9-13
1 Next let us praise illustrious men, our ancestors ... Read More

Psalm, Psalms 149:1-2, 3-4, 5-6, 9
1 Alleluia! Sing a new song to Yahweh: his praise in ... Read More

Gospel, Mark 11:11-26
11 He entered Jerusalem and went into the Temple; and ... Read More

Saint of the Day

Saint of the Day for May 29th, 2015 Image

St. Maximinus of Trier
May 29: Bishop of Trier, Germany, from 332, and a miracle worker. He was ... 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