- Aug 27, 2008
- Reaction score
Campaign For Liberty — Introducing the Private Option Health Care ActThe Private Option Health Care Act gives control of health care back into the hands of individuals through tax credits and tax deductions, improving Health Savings Accounts and Flexible Savings Accounts. Specifically, the bill:
A. Provides all Americans with a tax credit for 100% of health care expenses. The tax credit is fully refundable against both income and payroll taxes;
B. Allows individuals to roll over unused amounts in cafeteria plans and Flexible Savings Accounts (FSA);
C. Provides a tax credit for premiums for high-deductible insurance policies connected with a Health Savings Accounts (HSAs) and allows seniors to use funds in HSAs to pay for medigap policies;
D. Repeals the 7.5% threshold for the deduction of medical expenses, thus making all medical expenses tax deductible.
This legislation would also repeal Obamacare.
H.R. 5444: To amend the Internal Revenue Code of 1986 to repeal the Patient Protection and Affordable Care... (GovTrack.us)