Trump expected to announce 'framework' to cut health costs

[odanny]

"Everyone has a plan, until you get punched in the mouth" - Mike Tyson

 

[1srelluc]

This isnt a plan. All he is proposing is instead of giving the subsidies he'll give the same dollars to the people to give to the insurance companies. Its literally the same thing to keep ACA affordable. Hilarious that you think this is some kind of plan.

When it's "their" dollars it makes a huge difference. I just doubt the intelligence of the average American is there to make it work for them as most people (dems in particular) want to be spoon fed everything instead of taking charge of their own HC spending.

 

[Winston]

And without health insurance, that money can be wiped out with one brief hospitalization.

That is why you incorporate that HSA with a high-deductible plan.

 

[pknopp]

That is why you incorporate that HSA with a high-deductible plan.

Which millions will be unable to afford.

 

[1srelluc]

That is why you incorporate that HSA with a high-deductible plan.

You seem to have a good bead on things.

 

[Hafar1014]

Pretty silly to tout giving $30B to people to give to insurance companies vs $30B to insurance companies on people's behalf. The market place ACA negotiates lower overall prices due to insuring people with pre-existing conditions who will see the largest increases.

Trump is trying to save face now that he caused the premiums to spike... just like the Democrats said.

The ACA was created by democrats. Its flaws are their creation. Premiums increase because its poorly constructed. Their solution cover up the flaws and throw money at it. Pay off insurance companies that make donations to democrat campaigns.

 

[1srelluc]

LOL.....The dems here (for the most part) are panning it before they even read it.....It never fails.

 

[Winston]

Fall and break your wrist at 32 and need surgery to fix and you are back to zero if not actually in the hole.

How is that? You have a high deductible catastrophic health insurance plan, it has an out of pocket maximum and you have that amount in the HSA. Besides, I would never run an active 32 year old within a catastrophic high-deductible plan without an accidental Indemnity policy.

 

[pknopp]

How is that? You have a high deductible catastrophic health insurance plan, it has an out of pocket maximum and you have that amount in the HSA. Besides, I would never run an active 32 year old within a catastrophic high-deductible plan without an accidental Indemnity policy.

All unaffordable to millions.

 

[1srelluc]

All unaffordable to millions.

The cost of a high deductible catastrophic health insurance plan can vary based on several factors, including location, plan type, and individual health needs. For example, a 50-year-old in Orlando, Florida, can get a catastrophic plan for as little as $462 per month. This is significantly lower than the cheapest Bronze plan, which costs around $700 per month. It's important to note that the exact cost will depend on where you live and the specific plans available to you.

-Healthcare .gov.

 

[citygator]

Well, there had to be at least one good idea in that ACA mess.

Thing is a HSA requires savvy people to avail themselves of it and most people as dumb as rocks.

HSA is a rich person tax shelter. I max it out every year. Its tax free going in and tax free coming out. Easy way to save a few thousand in taxes. $8,750 is max which saves you $3,000 in taxes. Once I get to 55 then it goes up $1,000. In 10 years it will be a $20,000 amount and the growth is tax free saving me another $2,000 in taxes for capital gains. So I save $5,000 in taxes on a one time investment of $9,000. whoo hoo.

 

[odanny]

This Republican "plan" is the best kept political secret I've ever heard discussed.

 

[Marener]

That is why you incorporate that HSA with a high-deductible plan.

A $13k deductible will wipe out that savings account in a year or two.

You also have to be able to afford the premium of that high deductible plan.

 

[pknopp]

The cost of a high deductible catastrophic health insurance plan can vary based on several factors, including location, plan type, and individual health needs. For example, a 50-year-old in Orlando, Florida, can get a catastrophic plan for as little as $462 per month. This is significantly lower than the cheapest Bronze plan, which costs around $700 per month. It's important to note that the exact cost will depend on where you live and the specific plans available to you.

-Healthcare .gov.

So your plan is at least near $600 a month. Unaffordable to millions.

 

[candycorn]

Sure, if you start when you are in your twenties. By the time you are fifty you have tens of thousands of dollars, invested even, that you have never paid taxes on either the initial investment or the realized gains, and you can spend that money, tax free, for health care costs. It is like having a personal debit card just for health care costs, because you do.

You can start in your early teens and not be able to afford most surgeries. HSAs are great. I have one. But as a replacement for health insurance...its a non-starter.

What we need to do is...gasp...grow up and admit to ourselves that capitalism is not compatible with every sector of the economy. Healthcare is one of them. News media is another. Of course blob supporters will read this and think I want complete socialism which isn’t the case either. You do something unheard of today...find a third way forward!!!! A mix of private insurance for preventative healthcare, an understanding of what wellness truly means (the blob campaigned on paid time off but, of course, hasn’t mentioned it since), free lunches for school kids who are required, by law, to be at school, and an understanding that in a lot of cases the state just “eats it” is the way to go.

 

[candycorn]

HSA is a rich person tax shelter. I max it out every year. Its tax free going in and tax free coming out. Easy way to save a few thousand in taxes. $8,750 is max which saves you $3,000 in taxes. Once I get to 55 then it goes up $1,000. In 10 years it will be a $20,000 amount and the growth is tax free saving me another $2,000 in taxes for capital gains. So I save $5,000 in taxes on a one time investment of $9,000. whoo hoo.

I disagree. I have one and I’m certainly not rich.

And I use it to buy specific supplies each year. Its one of the best ideas we’ve come up with. One of the worst ideas the OP came up with is that you can use it to pay for heart surgery. Of course he admits to shoppign for dinner at a flea market and pretends he has an AO to patrol so it’s little shock that he thinks he can save his way to paying for a quadruple bypass.

 

[1srelluc]

HSA is a rich person tax shelter. I max it out every year. Its tax free going in and tax free coming out. Easy way to save a few thousand in taxes. $8,750 is max which saves you $3,000 in taxes. Once I get to 55 then it goes up $1,000. In 10 years it will be a $20,000 amount and the growth is tax free saving me another $2,000 in taxes for capital gains.

Yep, I used it for vision and dental care instead of a dental/vision plan rider on my congress-critter insurance.

I bet most folks don't even know a HSA can be used for that.

 

[1srelluc]

So your plan is at least near $600 a month. Unaffordable to millions.

Sucks to be them then. It's not my job to pay for my insurance and someone else's too.

 

[SweetTea]

HSA is a rich person tax shelter. I max it out every year. Its tax free going in and tax free coming out. Easy way to save a few thousand in taxes. $8,750 is max which saves you $3,000 in taxes. Once I get to 55 then it goes up $1,000. In 10 years it will be a $20,000 amount and the growth is tax free saving me another $2,000 in taxes for capital gains. So I save $5,000 in taxes on a one time investment of $9,000. whoo hoo.

It isn't just a tax shelter. It allows for people to take responsibility and pay for their own healthcare expenses, minus taxes. I max my out as well and it comes in handy for large medical bills. It seems as though you would rather people not save and then look to the government for a handout when they have a medical bill.

 

[pknopp]

Sucks to be them then. It's not my job to pay for my insurance and someone else's too.

The "greatest" nation in the world just letting people die in the streets.

Bravo.