Page 94—Section 202(c) prohibits the sale of private individual health insurance policies, beginning in 2013, forcing individuals to purchase coverage through the federal government
Page 110—Section 222(e) requires the use of federal dollars to fund abortions through the government-run health plan—and, if the Hyde Amendment were ever not renewed, would require the plan to fund elective abortions
Page 111—Section 223 establishes a new board of federal bureaucrats (the “Health Benefits Advisory Committee”) to dictate the health plans that all individuals must purchase—and would likely require all Americans to subsidize and purchase plans that cover any abortion
Page 211—Section 321 establishes a new government-run health plan that, according to non-partisan actuaries at the Lewin Group, would cause as many as 114 million Americans to lose their existing coverage Page 225—Section 330 permits—but does not require—Members of Congress to enroll in government-run health care
Page 255—Section 345 includes language requiring verification of income for individuals wishing to receive federal health care subsidies under the bill—while the bill includes a requirement for applicants to verify their citizenship, it does not include a similar requirement to verify applicants’ identity, thus encouraging identity fraud for undocumented immigrants and others wishing to receive taxpayer-subsidized health benefits
Page 297—Section 501 imposes a 2.5 percent tax on all individuals who do not purchase “bureaucrat-approved” health insurance—the tax would apply on individuals with incomes under $250,000, thus breaking a central promise of then-Senator Obama’s presidential campaign
Page 313—Section 512 imposes an 8 percent “tax on jobs” for firms that cannot afford to purchase “bureaucrat-approved” health coverage; according to an analysis by Harvard Professor Kate Baicker, such a tax would place millions “at substantial risk of unemployment”—Uwith minority workers losing their jobs at twice the rate of their white counterparts
Page 336—Section 551 imposes additional job-killing taxes, in the form of a half-trillion dollar “surcharge,” more than half of which will hit small businesses; according to a model developed by President Obama’s senior economic advisor, such taxes could cost up to 5.5 million jobs
Page 520—Section 1161 cuts more than $150 billion from Medicare Advantage plans, potentially jeopardizing millions of seniors’ existing coverage
Page 733—Section 1401 establishes a new Center for Comparative Effectiveness Research; the bill includes no provisions preventing the government-run health plan from using such research to deny access to life-saving treatments on cost grounds, similar to Britain’s National Health Service, which denies patient treatments costing more than £35,000
Page 1174—Section 1802(b) includes provisions entitled “TAXES ON CERTAIN INSURANCE POLICIES” to fund comparative effectiveness research, breaking Speaker Pelosi’s promise that “UWe will not be taxing [health] benefits in any bill that passes the HouseU,” and the President’s promise not to raise taxes on families with incomes under $250,000
Top Ten Tax Increases Included In H.R. 3962
| 1. Small Business SURTAX (Sec.551, p. 336) | $460.5 Billion |
| 2. Employment Mandate TAX* (Secs 511-512, p.308) | $135.0 Billion |
| 3. Individual Mandate TAX* (Sec. 501, p.296) | $ 33.0 Billion |
| 4. Medical Device TAX* (Sec.552, p. 339) | $ 20.0 Billion |
| 5. $2,500 Annual Cap on FSAs* (Sec. 532, p. 325) | $ 13.3 Billion |
| 6 Prohibition on Pre-Tax Purchases of Over-the-Counter Drugs through HSAs, FSAs, and HRAs* (Sec. 531, p.324) | $ 5.00 Billion |
| 7. Tax on Health Insurance Policies to fund Comparative Effectiveness Research Trust Fund* (Sec. 1802, p.1162) | $ 2.00 Billion |
| 8. 20% Penalty on certain HSA Distributions* (Sec. 533, p.326) | $ 1.30 Billion |
| 9. Other Tax Hikes and Increase Compliance on U.S. Job Creators | $ 56.4 Billion |
| > IRS reporting on payments to certain businesses (Sec. 553, p.344) | $ 17.1 Billion |
| > Delay implementation of worldwide interest allocation rules (Sec. 554, p. 345) | $ 26.1 Billion |
| > Override U.S. treaties on certain payments by "insourcing" business (Sec. 561. p. 346) | $ 7.50 Billion |
| > Codify economic substance doctrine and impose penalties (Sec.562, p.349) | $ 5.7o Billion |
| 10. Other Revenue-Raising Provisions | $ 3.00 Billion |
*[Violates President Obama's pledge to avoid tax increases on Americas earning less than $250,000]
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