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Samuel Adams

American Patriot & Politician

1722 - 1803

If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.

Ronald Reagan's 11th Commandment: "Thou shalt not speak ill of a fellow Republican."
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Hot Issues From Linn County Iowa
Saturday, 9 January 2010
Just Make It Cost More

I just ran into one of the most Byzantine, Convoluted and Backwards ways of lowering costs on something that I have ever encountered.

Cross Posted at Committees of Correspondence

Obama to Meet Union Leaders Over Their Opposition to Cadillac Tax

 

Union officials told The Associated Press that they view the meeting Monday as a chance to forcefully make their case that the tax is bad policy and bad politics. Unions contend that the tax would be passed along to workers.

 

House Democrats prefer to raise income taxes on individuals making more than $500,000 and couples over $1 million and are reluctant to abandon that approach, saying the insurance tax would violate the president's campaign pledge not to tax the middle class. But they realize they likely will have to bend on that and other issues so that Senate Majority Leader Harry Reid, D-Nev., can maintain his fragile 60-vote majority support for the bill.

The Senate wants to tax insurance companies on plans valued at over $8,500 for individuals and $23,000 for couples. Most analysts say the insurance tax would be passed on to consumers.

But Obama has defended the tax as a way to drive down health costs.

"I'm on record as saying that taxing Cadillac plans that don't make people healthier but just take more money out of their pockets because they're paying more for insurance than they need to, that's actually a good idea, and that helps bend the cost curve,"

Obama said in an interview with National Public Radio just before Christmas. "That helps to reduce the cost of health care over the long term. I think that's a smart thing to do."

Fox News' Major Garrett contributed to this report.

Let me see if I have this correctly.  Obama thinks we spend more than we need to on insurance via our employee based Health Care Plans

SO His Solution is to TAX them make them cost MORE so we will not be able to afford what we have and will therefore settle for a cheaper Health Care Plan?

And THAT is his idea of LOWERING Costs???


Posted by ky/kentuckydan at 5:39 PM CST
Updated: Saturday, 9 January 2010 6:11 PM CST
Post Comment | View Comments (1) | Permalink | Share This Post

Wednesday, 27 January 2010 - 5:11 PM CST

Name: "MandyK"

That's too funny....

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