It is a bit short on details. . . .
Healthcare Reform
Thank you , I read most of it but will give my opinion on a few areas:
No person should be required to buy insurance unless he or she wants to.
People need to be covered, keeps those with assets from declaring bankruptcy and those without health ins, us tax payers will foot the whole bill. Everyone is covered now when they walk into a ER.
Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system. Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions?
True businesses can, but for those with low incomes the savings is min, as it only covers what one would pay in taxes without the deduction, so it lowers your AGI,
Which is a great savings for the upper middle class but not for the middle income class.
Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate. These accounts would become part of the estate of the individual and could be passed on to heirs without fear of any death penalty.
Great for those not living paycheck to paycheck, lets have an avenue to cover the high deductibles, most people can't afford a HSA in the average middle income in US. Also there needs to be a limit on the amount which should be the OOP max of said persons plan and not allowed to go over.
Why not just create another Trad IRA, and call it a HSA' to be passed on tax free, great for wealthy and upper middle class people,
Everything is a plus for the wealthy, not for the average US family income of 50-60,000 a year.
I guess if one does not have money, one can go on a lesser plan and be on Medicaid, which now is for the poor and many Rep states, 17, did not extend Medicaid. I guess the wealthier, upper middle class can have great plans and tax deductions and screw the poorer people or average middle class families.
