What The [Immediate] Future Holds
The New York Post published a very insightful column by Betsy McCaughey yesterday that is a must-read if you want to know the impact of Obamacare on you and your loved ones in the near future.
If you’re a senior or a baby boomer, expect less care than in the past. Cuts to future Medicare funding pay for more than half the Obama health law. Hospitals, for example, will have $247 billion less to care for same number of seniors than if the law had not passed. Hospitals will spread nurses thinner. California nurses already are striking over the increased workloads.
When Medicare cuts led hospitals to reduce nursing care in the past, elderly patients had a lower chance of surviving their stay and death rates from heart attacks rose, according to a report last year by the National Bureau of Economic Research.
For the first time in history, the federal government will control how doctors treat privately insured patients. Section 1311 of the law empowers the Secretary of Health and Human Services to standardize what doctors do. Even if you have a private plan from Cigna or Aetna and you paid for it yourself, the federal government will have some say over your doctors’ decisions, with an eye toward reducing health-care consumption.
In A Related Matter: from the same paper, same date, John Crudele informs us:
The most immediate concern on Wall Street is the rise in capital-gains taxes next year.
Right now you have to pay a 15 percent tax on stock-market profits. But at the beginning of next year, that tax will rise to 20 percent; 18 percent if the gains meet certain long-term criteria.
The tax on dividends paid by companies will go up even more — from nothing to as high as 40 percent.
So anyone who has had stock-market gains this year, or buys stocks for the dividends, will be thinking of selling by the end of December. You are probably thinking that you don’t have to worry if there’s still a month to go.
Well, you have permission to start worrying right now. What I just told you is known to everyone on Wall Street. And the pros aren’t going to wait for the last minute to take their profits, especially if the stock market continues to be weak.
Everywhere you turn there is Tyranny.
We may have to think about this…
Why is it that the left are the only people in this country who can resist, who can obstruct, who can sabotage?
I say we resist and where we can obstruct and where we can sabotage tyranny.
What do you say?