(Closed) it passed!!

posted 10 years ago in Wellness
Post # 122
Member
3563 posts
Sugar bee
  • Wedding: August 2010

@monita: you’re right, I exaggerated 🙂 It’s not 50%; I think it’s probably closer to 40-45%. And in addition to the increased investment tax, there will also be an additional Medicare tax that kicks in starting in 2018 on earners over 250k (please correct me if I’m wrong about this?).

I definitely respect your feelings on paying higher taxes, and personally, I’m inclined to agree that money needs to come from somewhere, and obviously people with more money are going to have to give more of it. It’s just that I don’t see the sense in taking money and feeding it into a failing institution. I agree with @torybrian’s statement that the foundation of the healthcare system is poor, and is not likely to get better by putting more and more weight on top (aka making it bigger and bigger with more government control). I definitely don’t have any answers or solutions, I’m just wary that things will actually improve from here on out.

Post # 123
Member
3124 posts
Sugar bee
  • Wedding: December 2009

@theren – either society pays in taxes or insurance holders pay very high deductibles and premiums every  month to cover the uninsured. The taxes way combined with the fee for being uninsured seems to make more sense. my SIL is a surgeon and remarked about her days in residency – she’d see people from low income places with no insurance take an ambulance to the hospital for a yeast infection. in good conscience we can’t DENY people care if they don’t have money, but we can take steps to make the system in general more fair. If those people could now have a better chance to have health care, we wouldn’t be over-burdening the hospitals who must charge more to make up for the people that don’t pay. that gets passed on to us NO MATTER WHAT. I know that sometimes the laws don’t benefit you or your family personally, but when we make laws we have to think of the greater good – the country. Like Monitajb described in her post – there is a social contract. We enjoy the benefits of regulation in this country in other areas, and i think that soon more people will be in favor of these new healthcare laws.

Post # 124
Member
2206 posts
Buzzing bee
  • Wedding: July 2010

@ hilsy: I do think that is a legitimate worry, and personally, I would also prefer a revolution in health care, not reform. My preference would be a system where we all got vouchers for our preventative care, and had catastrophic care, but were responsible for a donut hole in the middle. But revolutions are also painful. My suggestion, for example, would basically render the current insurance industry, and all of its jobs, obsolete. I would leave the door open for a new industry of supplemental care (want coverage to pay for a nice clinic, better hospital room, cover the donut?), but it would still be painful. That isn’t an argument for this bill, but that I understand your point. I’m at the place where I think the costs of doing nothing are greater than the costs of this bill, so I’m willing to roll the dice.

Post # 125
Member
7052 posts
Busy Beekeeper
  • Wedding: July 2010

I’m in the majority.  No.  Imho, this bill is 100 percent one sided.  Can there not be an approach that is good for all?  Not just one party?  No one side has the answer.  Also, we’re in economic shambles right now.  How is this going to help our economy by taxing those already being taxed to death?

Post # 126
Member
2090 posts
Buzzing bee
  • Wedding: August 2010

We watched the live coverage on CSPAN last night (well, all day and all night – yeah for nerdy and politics-junkie fiance’s!! lol), and I have to say, I never thought CSPAN would have the most exciting television lineup of a Sunday night!! 😉

Post # 127
Member
2394 posts
Buzzing bee
  • Wedding: April 2010

@bellenga – There are lots of ways that this bill can benefit the economy.

Right now, those who want to start small businesses either have to pay through the nose for private insurance or do without.  These kinds fo companies – locally owned and operated – can do a lot to shore up our economy, but the cost of healthcare is a big disincentive for those interested in making the leap.

People who are sick, can’t afford care and have to stop working or earn less as a result are lost dollars.  It costs less, in the long run, to pay to treat someone effectively for something like rheumatoid arthiritis so that he can return to the workforce than it does to shell out for disability for the rest of his life.

The same idea applies to people who have to pay a lot for healthcare now.  They spend money on crappy insurance that they could spend buyign consumer goods, starting a business, etc. 

Something to consider – almost two thirds of the people who file tax returns receive refunds, and the majority of those aren’t eligible for the Earned Income Tax Credit. 

Post # 128
Member
4122 posts
Honey bee
  • Wedding: October 2010

I don’t get refunds. I’m a small business and I pay for private insurance. As such, I’ve been paying close attention and NO, this will NOT benefit me. Would I like it to? Yes, but it won’t. Also, the cost will hinder small businesses from hiring.  Not only that, but Only those who have been uninsured for more than six months will qualify for the high risk pool. Only 0.7% of those without insurance now will get coverage, and the CMS report estimates it will run out of funding by 2011 or 2012. Not only all that… but the IRS will fine you 2% or jail you for not having insurance, which isn’t even going to be available to everyone… 

Per the CBO: Total uninsured in 2019 with no bill: 54 million

Total uninsured in 2019 with Senate bill: 24 million (44%)

 

Here are the annual premium estimates

Annual premiums in 2016, status quo / with bill:

Small group market, single: $7,800 / $7,800

Small group market, family: $19,300 / $19,200

Large Group market, single: $7,400 / $7,300

Large group market, family: $21,100 / $21,300

Individual market, single: $5,500 / $5,800* I

ndividual market, family: $13,100 / $15,200*

 

 

Post # 129
Member
5669 posts
Bee Keeper
  • Wedding: August 2010

I understand that this is a great thing about people who are in school or can’t afford health care coverage but I’m really worried about the people that receive employee sponsored health care coverage. I am anxious to see how high the employers will be taxed for offering health care coverge and in turn will not be able to contribute as much and may have to offer a lowere plan with a high deductible. Where does the middle class stand in all of this? And for everyone who is so excited because this will help them when they are in school, what are they going to face when they get out? When they make too much money to be supported by the government but to little to pay for their own escalating health care costs?

I am sitting by and hope we can see soon what it is the final bill and how it will affect all of us. I agree that the price of healthcare was out of control, lets just hope that the right changes were made.

Post # 130
Member
2206 posts
Buzzing bee
  • Wedding: July 2010

@ KLP2010: Are you and your company ineligible for the tax credits? I don’t want to make you reveal finances, I’m just curious, because it is my understanding that those with individual plans may be eligible for tax credits, and the same is true for very small businesses that offer employees insurance. This is one area I don’t understand super well, though, and you seem well researched. To the extent you are comfortable, I would appreciate an explanation of why you won’t benefit.

Post # 131
Member
2394 posts
Buzzing bee
  • Wedding: April 2010

@KLP – That’s interesting.  Would you mind linking to the premium estimates site?  It would be nice to see more that sort of “hard numbers” information.

Without asking you to go into terrible detail, are you not eligible for the tax credit?  Will you not qualify for the SHOP Exchanges, once they’re set up?

Post # 132
Member
213 posts
Helper bee
  • Wedding: January 2009

Oh wow, definitely not talking about kidney stones here…

The topic ‘it passed!!’ is closed to new replies.

Find Amazing Vendors