Monday, January 07, 2013

Surprise--the govt wants all your money

Remember how Obamacare was supposed to cut waste, regularize things, help us? 

Not so fast, bunky!

This morning it was reported that premiums are going up double-digit.

High earners (over $250K for a couple) will pay more for Medicare.

High earners will also pay more on investment income.

Next fall, it gets REALLY serious. October 2013 will mean people will start shopping for insurance in the so-called exchanges--many companies will drop what they have and send people over there. You will have your own IRS agent. You will be on a first-name basis.

Flexible spending accts will be capped at $2500--starting now.

Medical devices will be slapped with a tax--you know, things like pacemakers you need to live.

Also on the chopping block--over time anyway--retiree drug or even all health benefits for retirees.

Good news--the doughnut hole closes a little.

Hand me a doughnut! And be quick about it!

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