Wednesday, March 24, 2010

Get Your Hands Off My (Health Care) Tax Credit!

I don't have much time to blog this week, but I had to take a moment to defend my own economic best interests. I only have time to say one thing about all of this talk by extreme right wingers (and those that pander to them), about "opting-out" of health care reform.

Get your hands off my (health care) tax credit!

Unlike pandering politicians, many of whom have been on taxpayer financed healthcare for a very long time, I struggled through almost all of 2009 trying to find health care coverage that I could afford. I had to settle for something that cost too much and did too little. The historic new heath care package that became law yesterday has a ton of benefits, but one that stands out to me are the small business tax credits. That includes tax credits of up to 35% of premiums that are available right now and 50% beginning in 2014. Oh my goodness, I must be a socialist for wanting to take advantage of tax credits!

The benefits don't end with sizable tax credits for small business. There is something to help nearly everyone that has been genuinely struggling to afford decent quality health care. So get your hands off their health care benefits!

  • Seniors get rebates to begin closing the Medicare Part D "donut hole" and no more co-payments under Medicare for preventative services.
  • No discrimination against people with pre-existing conditions (first for kids then for adults starting in 2014).
  • No more dropping people that have insurance just because they get sick.
  • Free preventative care under new plans.
  • Health insurance exchanges for individuals seeking insurance.
  • Temporary high risk pools for uninsured with pre-existing conditions.
  • A new investment in both community health centers and in increasing the number of primary care doctors.
  • Allowing young adults to stay on their parents health care plans longer.

Like I said at the outset, I don't have a lot of time to blog this week, so I'll have to stop listing the many benefits of reform. But you get the idea. As long as the public starts realizing some of these benefits of reform, they are going to join the chorus. The quicker that these and other benefits start reaching the people, I think that they will tell grandstanding Republican politicians to, "Get your hands off my healthcare!"


patrick said...

I can understand the position you are in, but here's the thing: you expect others to pay higher taxes to cover your health costs. You're excited because you will get to suck away tax money that others have worked hard to produce. Further, you celebrate the largest government power-grab in memorable history. I wouldn't be so concerned, but I don't have the same faith in government to run programs efficiently as you do. Entitlement programs are always disgustingly inefficient, and that small business will not get that tax credit for long. They will start dumping people into the exchanges as soon as they can. I know you are surely excited about Obama and Sebilius making your healthcare decisions; there are always people willing to surrender their responsibility to make decisions and accept consequences. After all, the fact that your lost coverage most likely ends at the path of your own unambitious choices. But just imagine for a minute how confident you will be when the next Bush appoints a conservative to the HHS. I'm sure you'll look at government power much differently then.

Anonymous said...

Stand back america, clear out of the way for those with their hands out!

Cory Liebmann said...

and here i thought that conservatives would have liked the idea of tax credits to help small biz.

i'm not sure how much of a "handout" it is when you are still paying a private insurance company a premium and co-payments to providers. you are just less likely to go bankrupt now.

one thing that was a giant handout (before hcr)was the subsidies that taxpayers have been giving to big insurance companies. why is that handout ok but a supposed "handout" to small biz and working families is bad?

Anonymous said...

Already, restaurants are starting to add a health care surcharge to their customers. Medical Device manufacturers are thinking of going overseas. And this is just the beginning.
The donut hole rebate of $250 is a joke. And besides, some insurance companies in Wisconsin already give no-pay for generic medications and reduced costs for high pay meds in the donut hole. That was one of the big things the politicians wanted to get into the bill. It's already there. Guess they do not have a handle on what they did or what's out there already. Just more taxes and increased taxes and costs for everyone at every level..

Anonymous said...

"you are just less likely to go bankrupt now."
Another fallacy of the left in the debate over health care. Bankruptcies are caused by loss of income while sick/injured...can't pay the bills if you are not working. Nothing in this great big hand out secures your pay check if you are not working...try again.

Your also delusional if you think it matters who appoints the person to HHS, having the bureaucracy at all is the problem no matter who runs it.

Cory Liebmann said...

do you have a timeline for when the world is going to end? i'd like to know, so I can say "i told you so" when it never happens.

the $250 is only the first phase. the dough nut hole will eventually be completely closed by this legislation.

if you are already using your paycheck to (over) pay a big insurance company...only to have them deny coverage when you need it (or throw you out entirely)... the resulting medical bills could bankrupt the average person as quick as the stroke of a big insurance bureaucrats pen.

this legislation finally helps in keeping big insurance in check.

Anonymous said...

"do you have a timeline for when the world is going to end?" No, why do you? By ignoring points addressed and pontificating with irrelevant phrases shows the weakness of your argument to begin with.

Your conclusion that "you are just less likely to go bankrupt now", would hold water if it was not pure speculation.

A simple look at Canadian bankruptcy rates, where all have social medical programs in place, compared to US rates shows this assumption is false.

I will not take the position that a percentage of bankruptcies are all medical debt and not income based, but the majority of these are going to be retired persons all ready under Medicare coverage, not private insurance...yet putting all people on a Medicare like program will fix everything?

Truly sad the lemmings cannot think for themselves.

Unknown said...

I keep hearing about tax credits for young people to offset the increase of 17 percent in monthly health insurance costs. How much are these tax credits? Will they actually offset it that much?