A Pamphlet from Don Stuart, Preserve Our Nation, LLC
Pamphlet #40 - 11/18/2013
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Affordable Care Act
Taxes and More Deficits
The Patient Protection and Affordable Care Act, aka ObamaCare, is a new tax on the American people to eventually institutionalize Single-Payer Health Care and you know it. What price are we willing to pay to retain our Liberties and Religious Freedom? This is the price we will pay to lose our Liberties. Is it worth it?
As taken from the Congressional Budget Office (CBO) update on July 30, 2013, ObamaCare will cost taxpayers $1,375 Billion (2014-2023) above the new ObamaCare taxes/penalties listed below. This $1.375 Trillion over budget will be added to the Federal deficit, Fiscal Years 2014 to 2023. ObamaCare again ask the young to pay high premiums now for insurance and also to pay the 10 year deficits as we pass ObamaCare debt to our children. What's another Trillion added to the federal deficit for our children and their children to pay? ObamaCare is projected to cost $2,766 Billion over the next 10 years but will generate only $1,391 Billion in Taxes during the same period and that is, if fully implemented. If the targeted implementation is not achieved, then the cost will increase, the defict will grow and premiums will increase. There is also $25 Billion set aside to bailout the insurance companies.
This total amount of taxes collected is over $500 Billion by the end of 2023. Who is going to actually pay these taxes? Yes, you are! That is those who do not qualify for full subsidies.
In addition to taxes and other revenues, policy premiums will be rising as insurance companies adjust their premiums for the lopsided effects of ObamaCare sign up. As more young individuals opt out, the financial analysis of premium pricing will change and must be revised. So look for premiums to rise in September and October 2014 for year 2015. This will repeat again in 2015 for year 2016. ObamaCare anticipated the adjustment in policy prices and that is why the $25 Billion bailout fund was setup. The fund is cover for insurance companies before they can adjust their prices during annual renewal. In essance, the insurance policy prices will be running a year behind the implementation prices where participation rates were promised by ObamaCare. Our only way out of this is for ObamaCare be repealed. But what will protect us in the future from this happening again: another program to force us to buy a health care product we don’t want? The only answer is an Amendment to the U.S. Constitution. We can only change the rules in the Constitution via Amendments. Our mission at Preserve Our Nation is to change the rules under which Washington operates, The United States Constitution.
Getting the elite Washington establishment, Congress, to pass Amendments and send them to the States for ratification is not going to happen. Why would Congress allow us to put restrictions on them? The solution is to solicit the States to convene a “Convention of the States” to propose Amendments that would then be sent by Congress to all States for Ratification. Congress would have no choice but to send the Amendments to the States. It’s in the Constitution. The cost to accomplish this is large and could take up to seven years for ¾ of the States to ratify the Amendments. We need to build resources today to fund a 50 State campaign to call for a Convention and then to campaign for passage in each State. Help us. Consider contributing to our cause. Review our proposed Amendments and issues. |
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