Obamacare’s chickens coming home to roast, err…Roost.

Obama’s Electronic Medical Records Scam

Here’s more evidence that government “cures” are inevitably worse than the “diseases” they seek to wipe out. Buried in the trillion-dollar stimulus law of 2009 was an electronic medical records “incentive” program. Like most of President Obama’s health care rules, this top-down electronic record-sharing scheme is a big fat bust.

You know who is benefiting from the initiative? Put on your shocked faces: Obama donors and cronies. 

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“We’ve literally put all of our new product development on hold … so we can afford to pay the stupid tax.” [Darleen Click]

That would be the ObamaCare tax on medical devices – everything from tongue depressors to insulin pumps.

[O]ver at Uresil, LLC, in Skokie, Ill., the layoffs have already started. The company laid off six people from its 52-person workforce this year, “primarily related” to the tax, President Lev Melinyshyn said.

“We had never laid off anybody,” he told FoxNews.com. “We bought the company in 2004, never had a layoff. In fact, even during the recession, we added jobs. … It wasn’t until this tax hit us that we had to do it.” [...]

The Affordable Care Act imposed the 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade. Manufacturers say the impact of the tax is far greater than meets the eye — the 2.3 percent tax is on gross sales, meaning it’s a much greater percentage of net income.

Melinyshyn, for instance, said his total tax burden on profits will rise from 43 percent to 65 percent next year.

BigGovernment

 

Health care costs rise far faster than wages; squeezing middle-class families

Health insurance costs for the average family have risen more than five times faster than incomes in the last decade, according to a new study from Commonwealth Fund.

Obamacare: You get less than half the value at more than twice the price!

I think Democrats call that “fairness”.

tn

 

 

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About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. Tea Party supporter. Do like to kayak, cook, take photos, bike, watch old movies and read.
This entry was posted in All the News not fit to print., Blogbits, When Progressives Attack and tagged . Bookmark the permalink.

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