The Dismantling of ObamaCare - Ongoing Updates.
- Thread starter AllenChicago
- Start date
I see it this way. The poor don't always remain poor. They aspire for higher income and half will reach it some day, and will want tax breaks and savings vehicles as they escalate. And if it's a good for 80% of tax paying America now, why not vote yes?
The bill allows for premiums to be paid from the HSA. If they pay any premium, they probably pay some taxes.
It also equals out the tax code for ifp people vs employer plan deductions.
And, The bill does NOT require a HDHP plan.
And who says the state govt won't or can't fund the HSA for the low income, and put them in charge of allocating assets.
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This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) to:
increase the maximum contribution amounts,
permit the use of HSAs to pay health insurance premiums and direct primary care expenses,
repeal the restriction on using HSAs for over-the-counter medications,
eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and
decrease the additional tax for HSA distributions not used for qualified medical expenses.
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People may not be using them as savings accounts for the future, but a little education goes a long way, just like the 401k education cycle. HSA's have only been around for 10 years, and this is one hell of a graph in the right direction.
Not Much Saving Going on in Health Savings Accounts | Investing News | US News
The bill allows for premiums to be paid from the HSA. If they pay any premium, they probably pay some taxes.
It also equals out the tax code for ifp people vs employer plan deductions.
And, The bill does NOT require a HDHP plan.
And who says the state govt won't or can't fund the HSA for the low income, and put them in charge of allocating assets.
----------------------
This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) to:
increase the maximum contribution amounts,
permit the use of HSAs to pay health insurance premiums and direct primary care expenses,
repeal the restriction on using HSAs for over-the-counter medications,
eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and
decrease the additional tax for HSA distributions not used for qualified medical expenses.
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People may not be using them as savings accounts for the future, but a little education goes a long way, just like the 401k education cycle. HSA's have only been around for 10 years, and this is one hell of a graph in the right direction.
Not Much Saving Going on in Health Savings Accounts | Investing News | US News
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From this formal point of view, appears it isn't, and it is. Why? How you can be Free (freedom right), if you should go to work somewhere only because you can't afford to protect your health? You can't start your own business, because of it. Are you really Free?
Also we are at a point where the entire world wonders about healthcare price rates here, and someone commented that because we have the best service with 250,000 dead every year because of medical mistakes?
We will be sitting on our problem until it becomes unsustainable. This is what it is, this is how things come to a change.
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Yagents, HSA is not a magic pill! From the above, it sounds to me like healing with aspirin all sicknesses. I would like to be so simple, but it isn't. I've been a big proponent of HSA from the time it came on this market, but it doesn't work for everybody. It means savings for people who know how to navigate it, and it means barrier for insolvency for low income people, but still expensive, and people do not understand it. If I am offered $100/month with 10,000 deductible, basic preventive care free, I'll be happy. Is there something like this?
You are preaching to the choir, Bill. But I do have a different opinion about the poor. Most of them will remain poor because they have poor money management skills and don't care to learn them.
Then there are those who like being on the govt dole which is the way Democrats like it. More govt handouts = more people who vote D.
Almost everyone of the social programs designed to help the poor have led to more govt dependence, not less. LBJ's Great Society has created more poor people than almost any other movement. His "war on poverty" was as successful as the "war on drugs".
Both campaigns have been a complete flop and a rat hole where our tax dollars go.
If you know anything at all about Habitat for Humanity you know that it is almost impossible to qualify for a below market house financed at 0%. The ones that do qualify have to meet specific criteria, attend money management classes and put in community service hours on other homes as well as their own.
Habitat should be the model for helping the poor. Even better, it is done without taxpayer dollars.
If there are Habitat homes in your area you should compare the way they look to Section 8 housing.
Actually, there is no comparison.
One works, the other doesn't (except for the slumlords).
There would be under the new laws. If good for you and me, then good for millions of others. Stop searching for magic pill, it's a number of smaller changes nibbling around the edges to get to the core.
Sounds optimistic but where the numbers' proofs are? I see different configuration. You are talking like a politician Yagents. Should I trust you?
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"Those people" are all fat, stupid, lazy, and ignorant, right? Yes, that's right. It is so good to finally hear someone speak the truth.
All those people in Kentucky, West Virginia, Tennessee, Western Pennsylvania, Western Maryland, and South Western Virginia are all Democrats? Who knew? I surely didn't. Lesson learned. Thank you for that.
Yeah, we really should abolish Medicare and Medicaid and food stamps... and college funding... because we who have the money don't want to pay for it. Honestly, why on earth should we to do anything for anyone who is less affluent than we are. Greed is good, right? That's what I've been told.
Absolutely. Let 'em eat cake, right? Better yet just let 'em starve to death... or bleed out... and, as Dickens wrote "and decrease the surplus population." Right on, brother!
Thank you for talking 'straight' about all those poor (and often sick) people. You did a great service for all of us here. As they say in your part of the country, "Bless your little heart."
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Spoken like a true Wacko Lib Shakespeare. When will you begin donating your salary and all of your worldly goods to charity?
Dim Dems still don't get it. I'm tired of being accused of not having a heart for the less fortunate. When you tear down the middle class, there's nothing left to lend a helping hand. I want the poor and sick to have insurance, but when you take away my health plan and tell me my new price is $1500/mo for a 7k HMO non HSA plan, you can take my bitterness and 70% of my clients in the same situation, and you come to the conclusion I can't take care of other people until I can take care of my own family.
The lower income trump voters want jobs, not free health insurance.
The middle class needs help too to pay these crazy premiums, and the only reason why these new tax credits seem paltry, is because you blew up the market.
ARUS, sometimes you got to read the tea leaves, read between the lines, or spend the hours reading each day on the topic. It's all there. Tearing down the EHB's, reducing actuarial values, increasing HSA contributions, etc.
The lower income trump voters want jobs, not free health insurance.
The middle class needs help too to pay these crazy premiums, and the only reason why these new tax credits seem paltry, is because you blew up the market.
ARUS, sometimes you got to read the tea leaves, read between the lines, or spend the hours reading each day on the topic. It's all there. Tearing down the EHB's, reducing actuarial values, increasing HSA contributions, etc.
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Spoken like a true Wacko Lib Shakespeare. When will you begin donating your salary and all of your worldly goods to charity?
When you are old and sick and go on welfare and are receiving food coupons and Medicaid.
I got your back, Curious George, I got your back!
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