Medicare Advantage and the Affordable Care Actby Representative Michael C. Burgess
Posted on 2013-03-04
BURGESS asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. BURGESS. Mr. Speaker, the Affordable Care Act was passed now
almost 3 years ago, and the Affordable Care Act was going to lower
costs. And why wouldn't you like it? You get free stuff.
Well, how do you pay for that free stuff? It turns out five new taxes were started on January of this year. What are they, and who do they affect? Well, there's a big tax on medical devices. Now everyone talks about wanting to encourage American investment, encourage American manufacturing. But with this tax we're encouraging manufacturers to go offshore.
Flexible spending accounts are now limited. Who's affected by flexible spending accounts? Well, people with predictable recurrent medical expenses who might want to set some of those dollars aside and pay for them with pretax dollars. Those amounts are now limited, so people with chronic illnesses, families with special needs children are going to be affected.
There's a surtax on investment income. The economy's trying to recover. Why would we tax investment income? Itemized deductions are now going to be limited for people who itemize their deductions. So who is affected by that? People with the highest medical expenses.
And then finally, the Medicare payroll tax hike. Might sound like a good idea. Medicare might need more money, but this money doesn't go to Medicare. This money goes to fund new programs.
Look, 3 years ago we were all told, if you like what you have, you can keep it. If you like your insurance, you can keep it. If you like your doctor, you can keep him or her.
Turns out, what we should have been hearing is, you're going to pay a lot more to get a lot less.