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That $950/mo is still untaxed earnings which is a huge financial benefit to those who receive employer based insurance. That favorable tax treatment results in $248 billion in forgone tax revenues each year. Employer sponsored health insurance is the single largest tax subsidy in the federal budget
Yes, it is. But those of us who don't get to take advantage of that huge federal subsidy are the "leeches."
Again, high risk pools. Again, you had 63 days to move over to a new insurance policy with a new job and not have "pre-existing conditions" hinder you one whit. As for cost, why shouldn't they be? They cost more money. If you can tell a 25 year old that their insurance will cost less than a 64 year old's insurance policy, then there's nothing wrong with someone who has a pre-existing condition paying more SINCE THEY USE MORE.
You all acting like the ACA is going to help more people than it hurts is astounding. You want to bleat on endlessly about "pre existing conditions" which is 4% of the people...what about the other 96%? Eh, who cares, as long as you promise more "freebies" to buy the votes of the uneducated.
Anyone can become one of the 4% at any time. Many cannot afford the COBRA cost after losing a job, and end up losing the HIPPA benefit. High risk pools were no answer, people were put on long waiting lists to even enter the program, then another 6-12 month wait before the pre existing would be covered. Premiums were exorbitant, up to doubled, and out of reach for many.
The individual market was a cash cow for insurance companies, the list of conditions for denial was huge, I knew people who were denied for having acne in the past, depression usually meant a denial because the meds are expensive. Only the young, and most healthy could even buy affordable policies. Also, if one developed an illness/injury and needed to use the insurance, the policy would be cancelled as soon as the term was up leaving people SOL.
Few are happy with the ACA, but health insurance absolutely needed to be reformed. It still needs reform. A first step would be to remove the health insurance through employer aspect, so people will truly understand the cost of health insurance. Put everyone into the individual market and the outrage would cause dramatic change in health insurance, and health care. That would be the first step in truly reducing health care costs, the ACA could never do it because it only affects the individual market. As this thread illustrates most people simply don't care, and hate any change because they have theirs, F anyone else.
That $950/mo is still untaxed earnings which is a huge financial benefit to those who receive employer based insurance. That favorable tax treatment results in $248 billion in forgone tax revenues each year. Employer sponsored health insurance is the single largest tax subsidy in the federal budget
NO ITS NOT.. In order for it to be classified as a subsidy, you'd have to start with the asinine position that all money belongs to the government.
NO ITS NOT.. In order for it to be classified as a subsidy, you'd have to start with the asinine position that all money belongs to the government.
A tax deduction is NOT the same as a tax CREDIT..
All money does not belong to the government, but like it or not, a percentage of every workers income is required to be paid to the government as tax. Generally, all income is taxed, but income that is earned as paid health insurance is not taxed because the government promotes, and so subsidizes health insurance. That tax break is indeed a subsidy!
The federal and state tax exclusions for employer paid health insurance provides many families with a subsidy worth several thousands of dollars a year.
My sister-in-law's company was bought out a few months ago, and she was let go the week before Thanksgiving after 22 years in the job, and a few years short of retirement, because they could replace her with someone younger and cheaper. She was offered COBRA for herself and my brother, which was close to $2,000 a month (note that, all of you who continue to claim that if you receive your healthcare through your employer you are "paying your own way." Your healthcare is just as subsidized as anyone buying it through the exchanges. COBRA is the REAL cost of your insurance, you leeches. )
My brother is disabled and needs back surgery in the next month. Pre-ACA, he would be out of luck, as his pre-existing condition would ensure that the loss of his wife's insurance meant he would never get coverage again, and would probably end up in a wheel-chair for the rest of his life. Instead, they have qualified for insurance through the exchanges and he will be able to have his surgery.
So yes, the ACA does help many people. Too bad your politics doesn't allow you to see that truth.
ACA has helped them in this case. In all honesty, it's unlikely that he would have "been without coverage for life". He would and still does qualify for SSDI, then Medicare after 24 mos on SSDI.
So just how is Obamacare working out in California?
Go to www.yelp.com, type in "Covered California" located in "Sacramento, California," and see how people using the state's Obamacare exchange are doing.
The mainstream media say Obamacare is working out great in California.
Wonder what the retired Roman soldiers did after the fall
Who is to pay for their pensions & all ?
25 years of service they gave
But nothing more than the Emperor's slaves
All money does not belong to the government, but like it or not, a percentage of every workers income is required to be paid to the government as tax. Generally, all income is taxed, but income that is earned as paid health insurance is not taxed because the government promotes, and so subsidizes health insurance. That tax break is indeed a subsidy!
The federal and state tax exclusions for employer paid health insurance provides many families with a subsidy worth several thousands of dollars a year.
no, not a percentage of every workers income is required to be paid to the government.
There are lots of americans who have jobs, and dont pay a DIME in federal income taxes. About 1/2 of the country falls into this category..
All money does not belong to the government, but like it or not, a percentage of every workers income is required to be paid to the government as tax. Generally, all income is taxed, but income that is earned as paid health insurance is not taxed because the government promotes, and so subsidizes health insurance. That tax break is indeed a subsidy!
The federal and state tax exclusions for employer paid health insurance provides many families with a subsidy worth several thousands of dollars a year.
My health insurance premiums while I worked incurred income tax.
Tax came out BEFORE my premium got deducted from my check.
The only income that didn't get taxed was my contribution to my 401K.
Where did you work that your paycheck deduction for health insurance wasn't taxed ?
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