Limits on Flexible Spending Account - the amount you can contribute to an FSA is limited to $2,500 per year, with an annual cost of living increase. (raises $13 billion)
Reduced Ability to Deduct Medical Expenses - threshold for deducting unreimbursed medical expenses raised from $7.5% to 10%. ($15.2 billion)
Medicare Payroll Tax Increase - If you earn > $200,000 (individual) or > $250,000 (couple), your payroll tax will be 0.9% higher. ($86.8 billion)
Investment Tax Assessment - A new 3.8% tax on unearned income for higher-income taxpayers. ($123 billion)
Employer Retiree Coverage Subsidy Eliminated - Medicare Part D retiree drug subsidy payments to employers are eliminated. ( $4.5 billion)
Tax on Medical Devices - A new 2.3% excise tax is imposed on the sale of any taxable medical device. ($20 billion) I count 13 "gifts" in 41 days. The President started his "12 days of Christmas" too early, ends it too late, his count is off, and they aren't even gifts.
Stats of the Week: 3.5% - NEW proposed tax on premiums (user fee) to pay for Federal Exchange
2,217 - hospitals penalized by Medicare for too many readmissions.
$2 million - Barnes-Jewish Hospital losses from readmissions penalty (payment cuts.)
49 - states with prescription drug monitoring programs (Missouri has none).
38 - percent of large companies asking employees to take health risk assessment.
6,500 - staff and contractors for the Centers for Medicare and Medicaid Services.
“38 - percent of large companies asking employees to take health risk assessment.”
“Tax on Medical Devices - A new 2.3% excise tax is imposed on the sale of any taxable medical device.”