C
Cackalacky
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I have not seen anything specific. I do know some companies looking to hire more people this year may not hire as many due to benefits they provide which includes health insurance.
State of the Union 2014
- Thread starter Ndaccountant
- Start date
I assume you read the article and I suspect that you understand the logic behind the CBO's estimate, but just in case. The CBO is assuming that individuals who are entitled to subsidies will understand that by working more hours, and therefore making more money, they will lose a portion or all of their subsidy when their income starts to exceed the thresholds established in the ACA. Understanding that there are diminishing returns to their working more hours, they will forgo the additional income for leisure time and the great subsidy. Regardless if this assumption and the CBOs' estimate is valid or not, the provision really does make sense. Let's assume for example that an individual cannot find a job in their chosen field but takes a job paying $15,000 per year, and at this level of income they are entitled to a 50% subsidy (this percentage is only for use in this example and may or may not be accurate per the ACA) when they purchase insurance on an exchange. After a couple of years they land a job that is in line with their educational background (and experience) and their income jumps to $80,000 per year. Don't you think that this individual's subsidy should be reduced or eliminated? Now I know this is an extreme example but I think that this was the logic behind the provision.
My guess is that this provision was not written by the insurance companies. It was probably inserted to get the vote of Ben Nelson and/or some other Democratic senator from a red state.
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chicago51
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We can fix healthcare in like 5 minutes.
Repeal ACA mandates, insurance minimum standards on what to cover, insurance bailouts/tax (which is actually expected to reduce the deficit).
Just pass a simple bill it could be just a be a few lines like when Medicare was expanded to include disabled people, no thousand pages of regulations.
The add on to Medicare would be simple: Any American citizen below the eligibly age can buy into the program at rates set by the Centers for Medicare and Medicaid Services and Health and Human Services that reflects the actual cost of the their insurance.
In other words people can buy into Medicare at rates that are revenue neutral.
So what would this mean?
Citizens can purchase cheep health insurance
Nobody has to purchase it. If you hate socialized insurance and are happy giving a portion of your paycheck away so United Healhcare pay its CEO $744 million in stock options that is your right.
If you want to buy an insurance policy that doesn't cover squat, has a 10k deductable that is your right. The government should not be able to tell you that you can't.
Getting rid of the employer mandate may potentially help the economy and having affordable public insurance available would actually increase entrepreneurship because people wouldn't have to worry about healthcare if they decided to start there own business.
Some say this will kill private insurance because they can't compete with Medicare's lower administrative cost and price negotiation power over healthcare providers. However Medicare doesn't cover everything so most of the midde class will likely buy supplemental coverage. 2nd some people don't like Medicare and will still chose private insurance. So it is not like allowing citizens to buy into Medicare is going to wipe private insurers completely off the map.
Repeal ACA mandates, insurance minimum standards on what to cover, insurance bailouts/tax (which is actually expected to reduce the deficit).
Just pass a simple bill it could be just a be a few lines like when Medicare was expanded to include disabled people, no thousand pages of regulations.
The add on to Medicare would be simple: Any American citizen below the eligibly age can buy into the program at rates set by the Centers for Medicare and Medicaid Services and Health and Human Services that reflects the actual cost of the their insurance.
In other words people can buy into Medicare at rates that are revenue neutral.
So what would this mean?
Citizens can purchase cheep health insurance
Nobody has to purchase it. If you hate socialized insurance and are happy giving a portion of your paycheck away so United Healhcare pay its CEO $744 million in stock options that is your right.
If you want to buy an insurance policy that doesn't cover squat, has a 10k deductable that is your right. The government should not be able to tell you that you can't.
Getting rid of the employer mandate may potentially help the economy and having affordable public insurance available would actually increase entrepreneurship because people wouldn't have to worry about healthcare if they decided to start there own business.
Some say this will kill private insurance because they can't compete with Medicare's lower administrative cost and price negotiation power over healthcare providers. However Medicare doesn't cover everything so most of the midde class will likely buy supplemental coverage. 2nd some people don't like Medicare and will still chose private insurance. So it is not like allowing citizens to buy into Medicare is going to wipe private insurers completely off the map.
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