Worries mount over health care law taxes, fees in 2013
Reaction from athenahealth CEO
- Duration 4:50
- Date Oct 13, 2012
Reaction from athenahealth CEO
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Our our nation's capital where your capital is at stake and we are here I know everyone's fixated on.
The race for president the guy who already lives in that building and the guy who wants to that's -- would take -- place in that building.
But we are facing.
A combination a confluence of events a perfect storm but if you want to call it.
At the end of the year and that could -- the nation's attentions.
Within seconds after that election is settled whether Barack Obama is reelected.
Or Mitt Romney becomes president elect -- told to battle the tax rates that expire overspending.
Cuts to kick in simultaneously.
But I feel like that guy it would with the old Rocco commercials -- here -- old -- -- -- but wait there's more there is -- on the health care thing alone this is interest thanks.
The Medicare payroll tax hike.
Goes to three point 8% from two point 9% for those earning over 250 -- 2.3 percent excise tax kicks in on cells.
But medical device makers that is that you and generally test on to folks.
You get a a three point 8%.
Investment income tax -- couples making more than two and fifty grant.
At the threshold for medical expense deductions on -- can write off.
For your medical expenses rises to.
And and by the way -- as soon after that Europe -- that the individual mandate -- and and and remember that individual mandate as we so you going -- to 2008 -- Italy other parts of this.
We already now that know that six million are gonna have to pay the penalty for not having covered -- -- -- of -- to get coverage.
Another ticket be a mess and and and Jonathan bush -- at -- health and CEO there knows how big a mess -- we forget about that that help.
Portion of that -- Oh god yeah yeah good morning -- how is the last thing coziness by the way that was one of my favorite lines from the -- He's -- gate was locks the gate was lots you know they don't know.
I love well and Hannity I from a distance I look like candidates so they that he I don't know but we're -- -- go -- Yeah earlier you know that part of the cliff of course is today is the twenty unity they got the -- 25% of the federal government back and that is health care.
Approximately forty to 45%.
Of that depending on who you read is pretty much -- it does not.
Get us the health security that we think of it's part of health care.
And so this pull -- off.
You know that -- the good news is there's room to spend a lot -- and still.
The you know safe.
That it is it a little like we're gonna do that it by the end of the year or anytime soon huge obstacles to that.
And most of what we're seeing kicking at the end of the year not actually -- -- -- the obstacles makes them tougher and and and more fierce.
And -- you're.
You're in you're industry has been getting under fire it up because -- -- well.
We don't care if there -- shades in between those who who provide insurance or or or a back up finance -- -- system.
We we see our premiums we going up -- we see these guys jumping the gun in using the health care law as an excuse and it -- it confirms our.
Our suspicions about.
You -- your your your your other culprits and crime that's the wrap -- here what do you think of that.
Honestly I feel like the idea that all of you know that covered lives in the United States are these.
Helpless infant -- people is annoying and that employers and people who provide insurance.
-- -- The humanity that thing that's missing from health -- and it's not.
Missing from most of the economy.
Is the one thing we're really great that as a society -- that shopping.
People don't shop for health care.
Here in Boston we have easily seven times as many MRI machines as we actually use no -- using them at 2 AM.
The cost of wood marginal cost of an MRI -- -- and therefore is the eleven bucks to change the paper you notes that covers on that on the bed.
But anyway -- the starters and relax a bipartisan -- right now your regular -- to our President Bush is what first cousin right.
Yeah and there's nothing wrong that that's fine he's an absolutely wonderful human being but that -- again like I -- -- But the rap against the last President Bush was that he had this prescription data that wasn't paid for and that that another -- Republicans.
And Democrats and created a mess and we're not solving it real quickly you think weekend.
Absolutely we need a company like that they now need to get.
More company getting information liquid so that we can shop if we can shop we can spend a war all of a lot less and still get great health care.
John and it always a pleasure thank you very very much.