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You guys have probably already seen this, but I was doing some reading and saw this on wikipedia:
Summary of funding
The Act's provisions are intended to be funded by a variety of taxes and offsets. Major sources of new revenue include a much-broadened Medicare tax on incomes over $200,000 and $250,000, for individual and joint filers respectively, an annual fee on insurance providers, and a 40% tax on "Cadillac" insurance policies. There are also taxes on pharmaceuticals, high-cost diagnostic equipment, and a 10% federal sales tax on indoor tanning services. Offsets are from intended cost savings such as improved fairness in the Medicare Advantage program relative to traditional Medicare.[39]
Summary of tax increases:
I mean, there is blatantly $107 billion of this that is a complete farce, the rest is suspect to anybody who has a clue.
Summary of funding
The Act's provisions are intended to be funded by a variety of taxes and offsets. Major sources of new revenue include a much-broadened Medicare tax on incomes over $200,000 and $250,000, for individual and joint filers respectively, an annual fee on insurance providers, and a 40% tax on "Cadillac" insurance policies. There are also taxes on pharmaceuticals, high-cost diagnostic equipment, and a 10% federal sales tax on indoor tanning services. Offsets are from intended cost savings such as improved fairness in the Medicare Advantage program relative to traditional Medicare.[39]
Summary of tax increases:
- Broaden Medicare tax base for high-income taxpayers: $210.2 billion
- Annual fee on health insurance providers: $60 billion
- 40% excise tax on health coverage in excess of $10,200/$27,500: $32 billion
- Impose annual fee on manufacturers and importers of branded drugs: $27 billion
- Impose 2.3% excise tax on manufacturers and importers of certain medical devices: $20 billion
- Raise 7.5% Adjusted Gross Income floor on medical expenses deduction to 10%: $15.2 billion
- Limit contributions to flexible spending arrangements in cafeteria plans to $2,500: $13 billion
- All other revenue sources: $14.9 billion
- Original budget estimates included a provision to require information reporting on payments to corporations, which had been projected to raise $17 billion, but the provision was repealed.[40]
I mean, there is blatantly $107 billion of this that is a complete farce, the rest is suspect to anybody who has a clue.
