The days are counting down until SCOTUS releases its decision on Obamacare………..Obamacare has been in the news since it was enacted….Repubs hate…..Tea Party hates it…..Health companies hate it…..everybody wants to repeal it. Why?
We hear about the mandate……we have heard so much about it that the whole act has been sent to SCOTUS for their opinion…..an opinion that has already been given….just not published yet……let us say that the whole law is repealed…..will that satisfy all nay sayers?
I hate to be the one to let all know things (okay that is a lie…I love it!)……..but there are those that will benefit the most if it is repealed……but who are these masked men?
Investopedia has narrowed it down for easy understanding…….
Small BusinessesWhen you look at the front lines of this battle, special interests representing the small business community are making their presence known. The National Federation of Independent Business (NFIB) believes that Obamacare will be detrimental to the growth of small businesses. Representatives from the lobby group report healthcare costs skyrocketing between 20% and 40% since the passage of the law and many worry that the premiums will continue to rise.If this bill is repealed, small business owners hope to see decreases in premiums, but just as important is the removal of the uncertainty that has kept their growth plans shelved.Doctors
If you still believe the old model where doctors are among the richest people in America, some doctors want you to rethink that idea. There are still some physicians with lucrative positions who live the a lavish life, but most are finding their practices struggling to survive, with health insurance companies only paying a fraction of what they once did. Because of this environment, America is facing a critical shortage of doctors by 2020.
A recent study conducted by The Doctor’s Company in February, found that 60% of doctors believe that Obamacare will hurt patient care and further put their practice under financial pressure. Moreover, if Obamacare is repealed, some believe that doctors will stop leaving the profession, and more will believe that the large debt load they take on to become a doctor will result in a lucrative career allowing them to pay off the debt in a timely way.
The WealthyThose making more than $250,000 per year will pay a 3.8% surtax on their investment income to help pay for Obamacare. That, along with other tax hikes, would bring capital gains taxes up to 23.8% and dividend taxes could rise from the current rate of 15% to as high as 43.4%. If Obamacare is repealed, that wouldn’t bring tax rates down to Bush-era tax cut levels, but it would remove the 3.8% surtax.Big Companies
When the healthcare bill was passed, companies immediately took charge-offs and raised concerns that this legislation could drastically cut employees’ healthcare benefits or even cause layoffs. AT&T took a $1 billion charge-off to account for a rise in healthcare costs, while Caterpillar, John Deere and many others took smaller, yet substantial charge-offs, soon after passage.
If the bill is ruled unconstitutional and later repealed, companies who took this charge-off could see a bounce in their stock price and the same thing could happen in the broader market. Markets hate uncertainty and since nobody knows the true effect of the bill until it takes effect, many investors would much rather see it repealed.
SCOTUS could make many high dollar donors very happy……….many have ulterior motives for wanting the repeal…….and very little has anything to do with jobs, fairness or anything so noble…….it is about wealth and greed…..period!
BTW….we cannot say that Romney does not have a plan….you wanna see it?
Mitt Romney laid out an alternative … that would apply free-enterprise principles to the nation’s health-care system rather than run it like a ‘government utility,’ letting competition drive down prices and increase quality. He also vowed to divert federal Medicaid dollars and other federal funding to state governments, making them responsible for covering the uninsured.”
And this is the plan if he is elected…..you people are smoking crack! This is the most absurd idea on record!