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Who knows? Employees could pay, employers, friends and relatives. It is all TBA as the GOP really doesn't have a clue. HSAs are just savings accounts that get preferential tax treatment (no tax on deposits to them or on interest earned). One would guess that interest will be in line with other tax favored savings, basically near zero at this point. The one thing we know about HSAs is that they are used mostly by the more well to do. People who can't afford an insurance premium, even heavily subsidized in Obamacare, can't (or won't) afford to make deposits to an HSA. We already have numerous retirement products that work similarly and the poor do not put money in them.
Those darn poor people and their reluctance to put money in HSAs.
Also entrepreneurs who decide that putting money into their businesses is a higher priority than putting it into tax-exempt savings accounts so that they later can submit receipts for their eyeglasses and Aleeve.
HSA work for higher income people to avoid paying taxes on some of their earnings. Later, they can spend it on their medically necessary therapy dressage horse, Rafalca.
However, I don't see many unemployed coal miners settings up HSAs.
Industry analysts say this year was probably the last of the big price adjustments. They were due to expectations of enrollments not being met, bad gambles by insurers etc. The landscape is pretty familiar right now. The premiums were not that big a deal for about 80% who get subsidies, but the huge deductibles were.
The bottom line here is that health care costs X dollars and no matter how you approach the problem you don't change that. There is no plan that is within the financial reach of at least 80% of the country without massive subsidies be they from government or employment. The GOP plans put forth so far are all much, much worse for working people than Obamacare though they would benefit, perhaps, small business owners who could drop employee coverage.
Obamacare could be fixed pretty easily, actually. The problem was young healthy people did not enroll (there are others but this is the main money one). A stiffer mandate and very generous subsidies for young people would solve most of the problems. I have proposed, not that it matters, letting people with student loans offset that debt by purchasing health insurance as an example.
Everyone knew the costs would be high to start out with as people with chronic illness got insurance for the first time.
Everyone seems to forget that health insurance costs were spiraling out of control before Obamacare and health insurance was simply unobtainable for many.
Just so you know, seniors on Medicare will not be left out of the effects of repeal. The ACA had been cutting away at the size of the donut hole in prescription coverage year by year since 2010. It was to go away completely by 2020. When ACA is repealed, the donut hole will go back to pre 2010 levels and seniors with chronic conditions will get socked with much higher costs for their meds.
Obamacare is collapsing and having huge price increases.
Do Democrats have a plan to fix this disaster or do they just want to watch it fall apart over the next 2 years?
The GOP didn't want to fix the ACA they only wanted to repeal and start over, generate lawsuits and fight at every turn. Did you ever hear one suggestion to modify since it's inception, even today they could address the problems with the current system rather than start over.
If they have a plan what is the point in repealing the original law, what does that accomplish other than generate additional costs.
He said there'd be a replacement we'll be waiting for it.
I'm going to guess HSAs which I just know his supporters will love.
HSA just means you pay for your healthcare with your own money they you saved in a special savings account. It's not even health insurance. It's just a tax free savings account.
Not sure how a 20 something couple is going to save up enough money to pay for the healthcare for the birth of 2 babies, plus all the pretests. This could cost $30,000 for 2 babies. This could be $10,000/year over a 3 year period that the young couple has to save and this is assuming healthy babies and no other health costs.
How does a young couple save up $30,000 for healthcare when they are just starting their careers and aren't earning high income yet? What if there is an issue with the baby and it costs $10,000 for care/tests shortly after the birth? Now the young couple has to pay $40,000 out of their pocket.
Last edited by sware2cod; 01-12-2017 at 09:04 AM..
You can keep your doctor, you can keep your plan, you will save $2500 per year.
Yeah, let's keep that...... Oh wait, it was all A LIE that all you "winners" bought hook,line and sinker. Oh wait, none of that affected YOU so Obamacare MUST be great, I mean it gave a few million insurance that they paid nothing for on the backs of others who's policies then became unaffordable/unavailable forcing THEM into being uninsured.
So, some of the "poor" got insured (for no cost to them) but millions of the lower middle class/middle class became uninsured.
Yep, just freekin' great ain't it?
Yep, that "You can read it AFTER it's passed" worked out so well...
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