usmbguest5318
Gold Member
One of the changes the Paul Ryan proposes in his replacement of the ACA is to change the assistance model from direct subsidies to the cost of insurance to refundable tax credits (a receivable) the insured in essence factors to the insurer. What has Ryan outlined in his proposal? Here's what Ryan has said:
Thread/discussion questions:
- Under the Patients’ Choice Ace, if an individual selects a high‐deductible health insurance plan that is cheaper than the value of the credit, they can keep the difference in their Health Savings Account.
- Under the Patients’ Choice Act, all Americans would receive a tax credit – over $5,700 for families – which can only be used to pay for health insurance or medical expenses. Individuals and families will be able to use any overages to pay for preventive care, which can be rolled over at the end of the year.
- Individuals are able to use their tax credit to purchase insurance that is offered outside [their state's] exchange, so long as the plan is licensed in the state.
- Individuals could choose to select a plan and write the check themselves, or, the tax credit can be “automatically” designated [factored] to a high deductible private plan if the covered individual does not opt out. The tax credits cannot be used to purchase anything other than health insurance, or pay for medical and preventative services. Individuals and the market would quickly catch on.
- The tax credit they will receive will cover the premiums for employer-provided health benefits they currently receive, as well as the marginal tax liability on the cost of health insurance provided by the employers which will be counted as wages.
- Every American will have a tax credit to purchase a health insurance policy which meets their needs. Families will have a tax credit worth over $5,700, and individuals will have a tax credit worth about $2,300.
Thread/discussion questions:
Assuming Paul Ryan's health insurance tax credit ideas be what Congress implements:
- Of the following choices, on whom do you prefer to the incidence of the tax credit land? Why?
- Health Insurance Providers
- Health Insurance Buyers
- Do you think the tax credit should be revenue neutral? Why or why not?
- Yes
- No -- Discuss what you want instead of revenue neutrality.
- What will be your opinion of the GOP's replacement for O-care if what you prefer is not how it turns out once O-care's replacement is implemented?