It’s hard to exaggerate the potential economic disaster that awaits us when Obama’s PPACA (Patient Protection and Affordable Care Act) legislation is fully implemented. One thing that’s becoming clear. The Obama administration routinely misled the American people in their desperate attempt to pass the Health Care legislation
Now that the Supremes have decreed Obamacare legal, Nancy Pelosi’s words are never more relevant – “Pass the [2,900-page] bill so you can find out what’s in it.” So, what IS in it?…the largest tax increase in history – 21 separate tax increases and new taxes, 75 percent of which hit the middle class. $500 billion in total tax hikes
This exchange is nothing more than a hidden tax increase on Montana residents and businesses. Starting in 2015, the exchange must be self-funding though no one knows the cost to operate the exchange. The cost is expected to be financed through user fees and taxes on insurance premiums further hurting families in Montana. More importantly, if Montana decides to create a state-based exchange, a glitch in the original law will subject Montana businesses to a new tax of up to $3,000 per employee enrolled through the exchange.