Since doctors aren't accepting exchange based insurance, should they be punished? (economy, national debt)

[middle-aged mom]

I am not aware of a medical practice that ever accepted all insurance plans.

Those who bought the cheapest plans had/have substantially fewer choices than those who buy more costly plans.

This was true before and after ACA.

[middle-aged mom]

Originally Posted by aneftp

Invest in healthcare companies for the next couple of years. The ACA is a cash cow for them. Hardly any cost control. More customers. Yet they will cook the books (especially the insurers) to stay within the ACA guidelines of expenses.

That's exactly what the Speaker of the House did, even though he kept voting to repeal ACA.

Congressional hedge, anyone?

[lorrysda]

Originally Posted by Driller1

Many now have Medicaid.

Yep and some working person pays for it.

[Hoonose]

Originally Posted by lorrysda

Yep and some working person pays for it.

Not all. If your state participates, some Federal monies are new money created via deficit spending.

[swbtoo]

Originally Posted by lorrysda

Yep and some working person pays for it.

People should be reminded of that continually.

[aneftp]

Originally Posted by Driller1

IMO...the self-employed has always had a pretty good deal.....they can write 100% of medical off.

I know the money has to come in the pay the policy.....and that is not always easy.

It's not as rosy as it sounds.

You deduct from business side (S corp). But re add back on W2 wages you pay yourself.

It comes out to essentially around 10-15% off after re adding health premiums to W2 wages.
S Corporation Compensation and Medical Insurance Issues

The IRS is going to be going after S corp tax returns even harder with mandatory health insurance.

It will be the easiest audit in the world if someone deducts the health premiums from business side and doesn't add it back to W2 wages.

[summers73]

Originally Posted by theroc5156

Why should they quit medicine?

Actually, I don't believe they should have to. I'm just saying it's easier for many of these doctors to enter research or other areas related to medicine, much to the anger and disappointment to the idiots who believe doctors are one dimensional automatons who are locked into only practicing medicine. We have folks in our division who used to practice medicine now doing software engineering, partially because our system performs intelligent treatment prediction based on natural language and data mining, and their experience is extremely valuable in performing that function within the medical domain. Plus, they're wicked smart and some have even picked up coding to help out in other area.

[Driller1]

Originally Posted by Hoonose

Not all. If your state participates, some Federal monies are new money created via deficit spending.

New money?????

That is future tax money and the cause of inflation.

[Driller1]

Originally Posted by aneftp

It's not as rosy as it sounds.

You deduct from business side (S corp). But re add back on W2 wages you pay yourself.

It comes out to essentially around 10-15% off after re adding health premiums to W2 wages.
S Corporation Compensation and Medical Insurance Issues

The IRS is going to be going after S corp tax returns even harder with mandatory health insurance.

It will be the easiest audit in the world if someone deducts the health premiums from business side and doesn't add it back to W2 wages.

Not on a schedule "C".....100%...no adding back.

http://www.irs.gov/pub/irs-pdf/f1040sc.pdf

[Hoonose]

Originally Posted by Driller1

New money?????

That is future tax money and the cause of inflation.

Not all future tax money. We will never pay down our National Debt, and our National Debt always rises. Thus there is some new money created almost constantly. New money never countered by increased taxes. And sure it might cause inflation. But inflation has never directly tracked new money creation. Otherwise we would have seen massive inflation since the 2008 crash. There are of course many other factors involved, some of which are more forceful than simple money creation.