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The Obamacare Health Insurance Tax: End it - Don’t Again Extend It
Over and Over and Over and…
Ex-President Bill Clinton is famous for at least three things. His terrific treatment of women, his difficulty with the definition of very simple words - and his otherwise fluidity with the language when making up things…or pushing his pedestrian Leftism.
Clinton is of course a huge fan of racism - oops, I mean affirmative action. Leftists LOVE it. And he in the 1990s took to rhyme in its defense.
Of course, when something is truly awful, the only way to mend it - IS to end it.
You don’t mend a cancerous tumor (which any program based on race is) - you end it.
Speaking of cancerous tumors - we now turn our attention to Obamacare.
Obamacare - is an abomination. It is on the brink of finally destroying our health insurance market - the coup de grace of a system already long crippled by government medicine programs Medicare, Medicaid and CHIP.
President Donald Trump has done about as much as he unilaterally can to carve out the cancerous Obamacare tumor. The Republican Congress recently got to the brink of “skinny” repeal - but fell one Senate vote short.
As a result of Trump’s proaction, years and years of massive annual Obamacare insurance premium increases - has finally been ever-so-slightly reversed:
“The average premium for the benchmark silver plan will decline by 1.5%, the Centers for Medicare & Medicaid Services said Thursday.
“It's the first time average premiums have fallen since the Affordable Care Act exchanges opened in 2014….”
But our ever-so-slight progress - faces a quick and ignominious reversal.
Looming over us is the imposition of yet another Obamacare tax:
“Under the Affordable Care Act (ACA), all insurers that offer fully insured health insurance must pay an annual fee – the so-called health insurance tax (HIT).
“The fees are based on insurance premiums and insurers’ tax is roughly proportional to their market share….In 2018, Congress approved a one-year moratorium on collecting insurer taxes for 2019.
“The moratorium is set to lapse in 2020 and insurers now face an estimated $16 billion fee in 2020. To recoup the cost of the tax, insurers are expected to increase premiums.”
Of COURSE prices go up when taxes are imposed. Because…duh.
And did you get who with the HIT Obamacare taxes - and why? Evil corporations - who offer full insurance to people.
Obamacare allegedly exists to allegedly fully insure people - but it taxes companies that are already doing so. Resulting in…many less companies being able to fully insure people. How stupid is that?
The Obamacare HIT tax stay of execution - ends in 2020. Which…isn’t great news. Because insurance companies craft their 2020 plans and prices - in 2018. As in - even as I type and you read.
Insurance companies will have in 2020 a whole new $16 billion (and probably larger) Obamacare tax dropped on their heads. So of COURSE they have to price 2020 premiums higher. Because…duh. WAY overwhelming and reversing the slight premium decrease we just for the first time experienced.
And this 2020 massive Obamacare tax increase will hit us all…just in time for President Trump’s re-election effort. Helpful.
President Trump and Congress - absolutely must address this. And not with another delay of the HIT imposition. They need to kill this ridiculous, obnoxious, very stupid tax.
The sooner - the better. But we must be realistic.
We are less than three weeks away from most of Congress looking to be re-elected. They are otherwise occupied between then and now.
So we need lame duck session action. After the election - and before the next Congress takes the oath of office.
At which point - DC should kill once and for all the ridiculous, obnoxious, very stupid Obamacare Health Insurance Tax.
End it - don’t again extend it.
This first appeared in Red State.