$700 Billion in Tax Hikes, Insurers Juggle Expense Classifications, and 9,500 Earmarks in This Year’s “Pig Book”

Republicans have discovered 14 tax hikes totaling more than $316 billion for middle-class families under ObamaCare.

In response to ObamaCare minimum loss ratios, insurers simply reclassify “administrative” expenses as “medical” expenses. Congress is shocked and awed.

With a price of $200,000 a year, these drugs are still in shortage.

“Pig Book” finds “whopping 9,500” earmarks approved this fiscal year. (video)

Comments (6)

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  1. Stephen C. says:

    I’m not surprised at all the tax increases. How else is Congress going to pay for all of the piggish earmarks?

  2. Neil H. says:

    This entire Congress has been one continuous piggish feast at the expense of the American people.

  3. Tom H. says:

    Did anybody notice that the White House is gearing up for a $50 million campaign to go into the fall elections trying to save Democratic seats under the banner of “defending the middle class”?

    That’s actually quite funny.

  4. Ken says:

    All these taxes apparently aren’t putting a dent in the projected debt.

  5. Bart Ingles says:

    The list of tax increases doesn’t appear to include the hidden tax implicit in premiums paid by very healthy, mid-to-high income individuals who purchase insurance through the exchanges.

    Exchange-purchased policies will be considerably more expensive than underwritten policies available to healthy people. To the extent that this additional cost is not offset by the means-tested subsidy, this is a rather large excise tax (actually, the means-testing turns it into a large graduated income tax).

    I haven’t studied the income subsidies enough to know at what income level this becomes a net tax, though. Maybe $60 or $70K?

  6. Virginia says:

    I’m not surprised that there are hidden taxes inside the Obamacare bill. I bet we’ve haven’t seen even a fraction of it.