Friday, May 25, 2012

Will Raising Taxes On Health Care Providers, Doctors, And My Bosses Salary Make My Medical Bills Lower?

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Sunday, October 4, 2009, 18:44
This news item was posted in Medical Information category and has 3 Comments so far.

And when I get sued, will the lawyers charge me more since they will be taxed more?

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3 Responses to “Will Raising Taxes On Health Care Providers, Doctors, And My Bosses Salary Make My Medical Bills Lower?”

  1. doreen k said on Sunday, October 4, 2009, 19:17

    Did it make your medical bills lower when they had their taxes cut?
    I didn’t think so.
    I doubt one has anything to do with the other. Medical costs keep rising for a variety of reasons, and these costs are quickly approaching an unsustainable level. Among the reasons – advances in medicine and technology that increase costs, malpractice insurance rates (those premiums are all invested in the stock market, dontcha know), redistribution of medical costs from the uninsured to the insured, administrative costs, etc.
    That darn trickle-down theory has been largely discredited.

  2. John W said on Sunday, October 4, 2009, 20:17

    No, it will actually make your medical bills higher. Companies pass the cost of taxes on to their customers. The “middle class” ends up paying for the tax hikes on “the rich” in the long run in more ways than one. Not only do companies (which are all owned by the so-called wealthy as no poor person could afford to even start let alone run a business) pass on costs, including taxes, on to their customers, they also cut back on other costs they can control when “fixed costs” which includes taxes that they cant control go up. One of the cost they can control is their payroll. When they get hit by higher taxes, they look at cutting back raises, hire fewer new workers, fire underperforming workers, cut back on investing in improvements, close stores that aren’t performing well (in the case of chain stores) etc etc. Raising taxes on health care providers and other businesses in general is always a bad idea. It just winds up hurting those who work for the companies and their customers in the long run.
    Also, I would not be surprised if your lawyers don’t start charging more too.

  3. Jerry said on Sunday, October 4, 2009, 20:21

    By raising taxes it costs your employer more so it would make sense for you boss to RAISE your cost.

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