It's the most wonderful time of the year

Well, for a certain value of "wonderful," one supposes:

"The Obama administration quietly finalized the Health Insurance Tax (HIT) over the Thanksgiving holiday weekend, a provision in Obamacare that will cost nearly $60 billion over the next five years and raise health care premiums by 3 percent.

Gotta love that acronym - talk about truth in advertising. I find this a bit disingenuous, though:

"The annual tax is levied for “United States health risks,” and is hidden from consumers since it is directly assessed on health insurance companies."

Um, no: why can't these rocket scientists in the media understand the most basic, fundamental economic principles? In this case, they should know that insurers never pay taxes, hidden or otherwise.

And this part is interesting, as well:

"Most large corporations self-insure ... small companies actually buy health insurance and it’s only the actual health insurance that is subject to the tax, self-insured plans are not"



The tax is also hidden from consumers. “They won’t see it,” Burton said. “It’s in effect hidden because it’s imposed on the insurance companies, but it’s a cost to them that they have to recover by raising premiums.” ( And there is is folks RAISING PREMIUMS! ) 
 
Burton said estimates for premium increases range from 2.5 to 3 percent. The health insurance tax joins the list of Obamacare tax increases, including the medical device tax, payroll taxes, an excise tax on “Cadillac plans,” and others. ( We are being TAXED into oblivion add this to a failing jobs market and soon to be out of control inflation and its a recipe for disaster, but thats the plan isn't it.


 Bottom line folks these Democrats ( The Party of the People ) have sold you up the river, prepare to learn how to Dumpster dive for food, by the time this Administration is finished you'll be living in a tent on the side of a river.