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The more likely scenario: Company drops company-subsidized health insurance, leaving everyone to the joys of the open market. $5000 tax credit goes to inusrance company to provide crappy insurance shown in my previous post. $200 in HSA, gone in one dr. visit for sports physical, immunizations, eye exam, whatever.
McCain should just do away with the taxing of the health insurance and just give a FLAT tax credit to those with employer-provided healthcare.
TAX CREDIT
single = $250
family = $500
Anything helps from the government.
Because his current plan gives an average of $500 gain on the family anyhow. His plan is a complex web of taxation that ends up giving the family an extra $500. Just make it a flat tax credit.
I e-mailed the McCain/Palin site on this.
I am sure he will consider what the American people wants - no tax on healthcare insurance.
Last edited by ShoppingCartLaw; 10-13-2008 at 10:46 AM..
Note that the benefits are going to be TAXABLE INCOME under McCain's plan. That means that my wife's back surgery several years ago would have increased my taxable income by almost $150,000.00 and the leaving me owing 10's of thousands to the IRS. And we know that owing the IRS is as bad as owing the Mafia, your life becomes a living hell.
It doesn't go by cost of surgery/visits/etc paid by the insurance. It goes by premium paid by the employer which is an average of $9,000 annually per family.
It doesn't go by cost of surgery/visits/etc paid by the insurance. It goes by premium paid by the employer which is an average of $9,000 annually per family.
So if the average the employer pays is $9000/family, and the employee pays $3000 (your example), how is anyone going to benefit from a $5000 tax credit if the employer drops their coverage due to this mess? You'll have to pay out $7000 of your own, post-tax money for a plan that costs the same! However, it won't BE the same, because group insurance is cheaper. You will have fewer benefits for more money. I don't think that's what anyone calls health care reform.
I don't see how McCain can address the fundamental problem behind our health care issues when he doesn't understand what the driving problem is. I have found nothing in all I have read on his plan that indicates he understands, much less, has any initiative proposed to attack the real problem. Obama states his plan will EMPHASIZE wellness and nutrition. So he, at least, he understands that the real problem begins with you and I.
I don't see how McCain can address the fundamental problem behind our health care issues when he doesn't understand what the driving problem is. I have found nothing in all I have read on his plan that indicates he understands, much less, has any initiative proposed to attack the real problem. Obama states his plan will EMPHASIZE wellness and nutrition. So he, at least, he understands that the real problem begins with you and I.
You have to read McCain's ENTIRE plan because it is there!!!!!!!
By emphasizing prevention, early intervention, healthy habits, new treatment models, new public health infrastructure and the use of information technology, we can reduce health care costs.
So if the average the employer pays is $9000/family, and the employee pays $3000 (your example), how is anyone going to benefit from a $5000 tax credit if the employer drops their coverage due to this mess? You'll have to pay out $7000 of your own, post-tax money for a plan that costs the same! However, it won't BE the same, because group insurance is cheaper. You will have fewer benefits for more money. I don't think that's what anyone calls health care reform.
McCain said at JohnMcCain.com - McCain-Palin 2008 (http://www.johnmccain.com/Informing/Issues/19ba2f1c-c03f-4ac2-8cd5-5cf2edb527cf.htm - broken link)
John McCain Believes The Key To Health Care Reform Is To Restore Control To The Patients Themselves. We want a system of health care in which everyone can afford and acquire the treatment and preventative care they need. Health care should be available to all and not limited by where you work or how much you make. Families should be in charge of their health care dollars and have more control over care.
John McCain believes we can and must provide access to health care for every American. ....
Americans Are Worried About Health Care Costs. The problems with health care are well known: it is too expensive and 47 million people living in the United States lack health insurance.
McCain said he will lower the costs through the following---- In a nutshell, the healthier the people, the lower the costs of health insurance!!!!!!
A Specific Plan of Action: Lowering Health Care Costs
John McCain Proposes A Number Of Initiatives That Can Lower Health Care Costs. If we act today, we can lower health care costs for families through common-sense initiatives.
CHEAPER DRUGS: Lowering Drug Prices.
CHRONIC DISEASE: By emphasizing prevention, early intervention, healthy habits, new treatment models, new public health infrastructure and the use of information technology, we can reduce health care costs.
COORDINATED CARE: Promoting Coordinated Care.
GREATER ACCESS AND CONVENIENCE: Government should promote greater access through walk-in clinics in retail outlets.
INFORMATION TECHNOLOGY: Greater Use Of Information Technology To Reduce Costs.
MEDICAID AND MEDICARE: Reforming The Payment System To Cut Costs.
SMOKING: Promoting The Availability Of Smoking Cessation Programs.
STATE FLEXIBILITY: Encouraging States To Lower Costs.
TORT REFORM: Passing Medical Liability Reform.
TRANSPARENCY: Bringing Transparency To Health Care Costs.
I have some oceanfront property in Colorado to sell you.
You can tell McCain doesn't know beans about health care when he uses the word "preventative". It is "preventive".
Also "new treatment models". He doesn't say what they are. He doesn't say HOW he will "lower drug prices", or "reform" Medicare and Medicaid. Such "reforms" usually mean lowering reimbursement to a level that doctors won't take the patients.
Health Department - The Promotion of Preventative Health Care Practices (http://www.co.burlington.nj.us/departments/health/services/mapp/PreventativeHealthcarePractices.htm - broken link)
Also "new treatment models". He doesn't say what they are. He doesn't say HOW he will "lower drug prices", or "reform" Medicare and Medicaid. Such "reforms" usually mean lowering reimbursement to a level that doctors won't take the patients.
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