Bush's new health care tax incentive plan - Page 3

garysher · 03-12-2007, 02:27 PM

Quote:

Originally Posted by highway80west

Thanks. I've add my two cents worth on about three or four topics.

We can hardly wait

Jefferson · 03-12-2007, 02:29 PM

Quote:

Originally Posted by highway80west

Hi Tris: What's happening with you these days?

Gee whiz Wally, what a delight!

Yet ANOTHER of Trista's gay internet forum trolls.

tristanrobin · 03-22-2007, 12:45 PM

I'm confused - what did Jefferson's ad hominem attack have to do with the issue of the thread?

highway80west · 03-22-2007, 01:15 PM

Quote:

Originally Posted by tristanrobin

I'm confused - what did Jefferson's ad hominem attack have to do with the issue of the thread?

That's why they are known as trollers. I am just looking to have a relationship with a lady.

RidinHighSpeeds · 03-23-2007, 12:10 PM

Quote:

Originally Posted by sgtdmski

Currently, health insurances premiums paid by companies are tax exemptions for the companies, this plan would eliminate this tax break for business.....something all our liberal friends should love, eliminating some of that corporate welfare.

Second, the standard deduction would be $7500 for individuals. Basically that means that the premiums you pay up to $7500 are exempted. This will actually make insurance more affordable fro everybody.

Because companies will be losing the exemption, more and more will not provided coverage, this is a trend we are already seeing due to the high costs. As a result, insurance companies will be forced to make their products more accessible to more people. The current system that has business and unions offering insurance give these companies no incentives to attract the individual consumer.

Buzzchick you said that your income would increase by $14,400 a year, yes it would, however, you would be able to deduct the full amount from you tax liability due to the tax exemption, in other words you would see no increase in your taxable income. Furthermore, because this break will make the buting of individual policies more attractive, companies will compete for you business by trying to provide you with more attractive packages at lower costs than competitors, which means the possibility of reducing your cost...In other words more you would have more disposable income.

The most effective way to lower costs is to create a demand for a product. A demand stimulates a supply. A free market stimulates competition which results in lower costs.

People want fix for health care, well this is a great one, one that would not be just a bandaid but rather a long-term solution. However, this will be dead on arrival in congress. The democrats will not support this because it takes money from their largest contributors....the UNIONS.

dmk

Well said!!

caffeinebuzzchick · 03-24-2007, 05:01 PM

Quote:

Originally Posted by sgtdmski

Second, the standard deduction would be $7500 for individuals. Basically that means that the premiums you pay up to $7500 are exempted. This will actually make insurance more affordable fro everybody.

Because companies will be losing the exemption, more and more will not provided coverage, this is a trend we are already seeing due to the high costs. As a result, insurance companies will be forced to make their products more accessible to more people. The current system that has business and unions offering insurance give these companies no incentives to attract the individual consumer.

dmk,
i don't think you understand. $7,500 does NOT cover the cost of health insurance for a family for a year. if it did, i'd be the first to say, "hell yeah! go for it!" even if you got your $7,500 refunded dollar for dollar (which is not exactly how a tax exemption works), if you couldn't afford insurance before, you won't be able to afford it under this plan, like gary said (*grudgingly agreeing with him*) AND you wouldn't be able to deduct the ENTIRE cost of the health insurance (if you read bush's plan carefully)... you would ONLY be able to take a standard deduction.

and this plan may not be corporate welfare for the companies which buy the health insurance coverage, but it certainly benefits the health insurance industry.

winston53660 · 03-24-2007, 05:11 PM

Quote:

Originally Posted by caffeinebuzzchick

dmk,
i don't think you understand. $7,500 does NOT cover the cost of health insurance for a family for a year. if it did, i'd be the first to say, "hell yeah! go for it!" even if you got your $7,500 refunded dollar for dollar (which is not exactly how a tax exemption works), if you couldn't afford insurance before, you won't be able to afford it under this plan, like gary said (*grudgingly agreeing with him*) AND you wouldn't be able to deduct the ENTIRE cost of the health insurance (if you read bush's plan carefully)... you would ONLY be able to take a standard deduction.

and this plan may not be corporate welfare for the companies which buy the health insurance coverage, but it certainly benefits the health insurance industry.

Also basically as you are paying into this system you are giving the insurance co. a free loan.

baloney_detector · 03-25-2007, 01:31 PM

Quote:

Originally Posted by sgtdmski

People want fix for health care, well this is a great one, one that would not be just a bandaid but rather a long-term solution. However, this will be dead on arrival in congress. The democrats will not support this because it takes money from their largest contributors....the UNIONS.

Would you care to explain how unions would lose money with this proposed program?

Thanks, in advance.

garysher · 03-27-2007, 07:20 PM

America's health insurance crisis gets worse month by month........

Health insurance options dwindle for self-employed
Group plans are being dropped or becoming unaffordable to many.
By Lisa Girion, Times Staff Writer
March 27, 2007

A major source of health insurance for people who work for themselves is disappearing, casting thousands of contractors, freelancers and solo practitioners into the ranks of the uninsured with little hope of obtaining new coverage.

Health plans offered by professional associations were once havens for millions of people who couldn't get coverage anywhere else. But as medical costs have soared, groups representing professions as varied as law and golf have been forced to stop offering the benefit or been dropped by insurers.

More than 8,000 people with coverage through the California Assn. of Realtors could be next if Blue Shield of California succeeds with its plan to cancel the group's health coverage.

Health insurance options dwindle for self-employed - Los Angeles Times

Sooner rather than later America will have to confront the problem and try to catch up to the rest of the western world