Wednesday, April 07, 2010

The Cost of Obama Health Care

The cost facts of Obama care is beginning to seep out.

My goal here is not to be partisan but fiducially responsible. Good feelings aside, our nation cannot afford to cover another "30 million' (dubious number) uninsured Americans.

We don't have the shekels. Our kids and their kids will curse us one day for the debt burden we are placing on their shoulders.

My good friend Brad Hawkins from Integrity Financial here in Denver has assembled this fact sheet on the cost and impact of Obama care.

You can get the full report here at

Here are some highlights:

-The cost of insurance will skyrocket. Some premiums in the individual market would triple under these new burdens.

-This legislation imposes a new 3.8 percent tax on investment income.

- A series of of new taxes and fees to pay for expanded health care coverage will push up costs for employers resulting in fewer new jobs and lesser benefits.

-Businesses will have to surrender 8 percent of their payroll to the government if they do not offer insurance or pay at least 72.5 percent for their workers' premium. There is no such mandate like this in place right now for American businesses.

These facts are outrageous.

Our Federal government is out of control. Irregardless of your political perspective, the bottom line is that we cannot afford this new entitlement!

Your thoughts?

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