How much more are you willing to pay for Health Care

[SLP]

Unless I'm reading this wrong it sure sounds like the tax credits are intended to help offset the cost of buying your own insurance. I certainly hope this ends up being the case.

Here is a portion of an article in Forbes. (emphasis mine)

https://www.forbes.com/sites/kellyph.../#3c82d8cd6b7f

It's Fix The Tax Code Friday!




As the Republican-crafted proposal to repeal and replace Obamacare makes it way through the House, one of the key pieces that has tongues wagging is a new, refundable tax credit. The tax credit is intended to replace the current premium tax credit.
Here's how it would work. Those folks who do not receive health care insurance from an employer or from the government (think Medicaid) would be eligible for the credit. The purpose of the refundable credit, of course, is to offset the cost of buying health care insurance on your own.

The amount of credit you might qualify for under the proposal varies by age as follows:
Younger than 30: $2,000
Age 30 to 39: $2,500
Age 40 to 49: $3,000
Age 50 to 59: $3,500
Older than 60: $4,000
The credit is capped per family (not per person) at $14,000. Phaseouts apply when income exceeds $75,000 for individuals ($150,000 for married couples). Under the proposal, you would lose $100 in credit for each $1,000 in income higher than those thresholds.

[GeoFisher]

Unless I'm reading this wrong it sure sounds like the tax credits are intended to help offset the cost of buying your own insurance. I certainly hope this ends up being the case.

Here is a portion of an article in Forbes. (emphasis mine)

https://www.forbes.com/sites/kellyph.../#3c82d8cd6b7f

hey, I'd LOVE that crap too

[SLP]

There is one thing I stumbled on that concerns me about the proposed plan. Apparently under the current law insurance companies can't charge older customers more than three times that of younger people on the same insurance plan. Evidently they are proposing to loosen that to a 5-1 ratio with the new plan.

Maybe they are hoping for lower prices for younger people in order to get more young people paying into the pool and as a result it will lower overall costs. I just don't know if I trust the insurance companies to not just look for it as an opportunity for a money grab by dramatically raising rates on older Americans.

[GeoFisher]

There is one thing I stumbled on that concerns me about the proposed plan. Apparently under the current law insurance companies can't charge older customers more than three times that of younger people on the same insurance plan. Evidently they are proposing to loosen that to a 5-1 ratio with the new plan.

Maybe they are hoping for lower prices for younger people in order to get more young people paying into the pool and as a result it will lower overall costs. I just don't know if I trust the insurance companies to not just look for it as an opportunity for a money grab by dramatically raising rates on older Americans.

That is a gigantic issue................

BUT to be honest, older folks cost more and the CLAIMS experience bears that out. Unless you front load any plan with significant funds to cover the shortfalls for senior..............you're going to have funding issues. the problem is we're living too **** long. The actuarial tables for this are 30-40 years old, and we're supposed to be dead by 60 or so.......if we'd just keel over and DIE all would be good .

Getting back to reality......we need to re evaluate how the calculate these costs,and assumptions. Hell the SSI tables are based on similar formularies.........

We better get it right.

Later,

Geo