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How the Affordable Care Act impacts families' finances
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Peter Johnson Jr. weighs in
- Duration 2:50
- Date Jan 3, 2013
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Transcript
This transcript is automatically generated
Very much -- thousand.
I didn't do a new year means new obamacare taxes -- door of the thirty million Americans contributing to your flexible spending accounts.
Your wallet is about to be hit again.
Here to explain Fox's legal analyst Peter Johnson junior forward Brian -- used a lot of times -- deductible correct and this is the mean vicious side.
The mean vicious underbelly of Obama care.
This is -- -- administration saying the middle class America.
You can't have those pretax.
Dollars anymore to use for special needs kids.
To use for maintenance medications to -- for organ transplant patients to use for people.
-- of dental expenses to buy a new branch I was talking to someone this morning who put away 4000 dollars to buy new dental bridge which you need.
To exist.
Can't do that and more government says 2500 dollars is the maximum.
Used to be some companies like -- 678000.
Dollars you could tuck away in pretax dollars not pay tax on those.
But use those dollars to pay for it necessary medical expenses feeling your -- and -- if he didn't use them.
You'd lose them but you haven't you could just amazing too because this is all to insure the uninsured every once -- -- the -- So to do that they're -- dividend they're attacking dividends with a three point 8%.
Health care devices we talk about those devices medical devices and now we find hidden in the flexible spending accounts it's -- well it's it's immoral.
You were talking this morning on the show is listening about how people -- a thousand dollars maybe.
In savings.
So you talking about taking away 2500.
Dollars.
In pretax dollars for people to use for themselves and their family on medical expenses.
That is a horrendous.
A punishing.
Expense that were opposing on the American people at the same time as you point out that we're trumpeting this new area.
Of a free health care for people.
And so people are saying well how -- going to pay for this.
How my going to be paying for the ambulance he get an ambulance Brian very often it's not covered 600 dollars.
800 dollars people get that bill in the mail -- -- how my get a paid a flexible my head that hey this overtime.
I'd put 4000 dollars away.
Now -- can't put 4000 dollars a way you can only put 2500.
Dollars away so no one is telling the American people that this is a new -- Tax hit this is a new tax expense -- America it is -- said there's no coincidence with the timing.
We'll have all this happen after the last election hit the -- somebody.
It's hypocritical.
If it's nonsensical.
And it's punishing and it's hurtful.
And congress really need to step in a lot of pieces but this is -- to get help the American people today -- Peter Jensen junior thanks so much good to see Bryant all right.
