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How Much Would You Pay?

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  • How Much Would You Pay?

    An article appearing on msn.com today discusses a proposal to remove the tax-exempt status from employer-provided health care benefits. In other words, there is talk that the government may decide to treat the portion of your health care coverage that your employer pays for and your family as TAXABLE INCOME. You can read the entire article here:

    Will health insurance ?haves? pay for ?have-nots?? - White House- msnbc.com

    There is a table included in the article that shows how much in tax liability each tax filer currently avoids per year as the way the current law is written. If this exemption is removed, then it is possible that a family with an adjusted gross income of just $30,000 would pay an additional $2,457 in taxes to subsidize the proposed health care reforms.

    FACT FILE Tax benefit of employer-sponsored health insurance

    Adjusted gross income Average savings per tax return
    < $10,000 $635
    $10,000–$29,999 $1,952
    $30,000–$49,999 $2,457
    $50,000–$74,999 $3,095
    $75,000–$99,999 $3,900
    $100,000–$199,999 $4,481
    $200,000–$499,999 $4,728
    >$500,000 $4,467

    SOURCE: Joint Committee on Taxation

    If you view the video embedded in the article you will also see that this is a plan that McCain proposed during the campaign and which Obama strongly criticized. Now it appears that he is considering the same approach.

    Keep in mind that msn.com has been quite favorable in its reporting on the Obama administration. If this were from Fox News I could see some being skeptical.

    So, bottom line...what do you think? Are you willing to pay potentially thousands more to create "health reform?"

    I've worked in the health care industry for nearly 20 years. I was working as a marketing and finance analyst for a multihospital health system in Phoenix back when the Clinton administration tried to reform health care. In our own studies we found other ways to reduce health care costs and improve access. Tort reform and healthcare liability reform is one way. Better managing where technology is placed is another way. (Does there need to be an freestanding CT scan or MRI clinic on every street corner?)

    I'm curious to hear what folks think. I know for some the health care issue was an important factor in deciding who to elect as President. Now that actual dollar signs are being affixed to these plans, what are you willing to pay?
    13
    Heck no!
    76.92%
    10
    Yes, at whatever level it takes to cover the uninsured.
    7.69%
    1
    Yes, with a graduated plan where the rich bear more of the burden.
    15.38%
    2

  • #2
    I didn't like it when McCain proposed it....And I don't like it now.

    Comment


    • #3
      when i was checking "tax-exempt" on my form... i was paying $5 and under

      now that im paying my taxes LoL!... hell!! i get deducted $60 + every pay period... dude that totally sucks

      thats what u get 4 breaking my heart...

      Comment


      • #4
        You know, I have come to terms with the fact that I will never see a penny of the social security I pay, I understand that what I pay goes to comp the people whose ss$ was spent senselessly by the Gov.over the past 50 years.

        But they best keep their dirty mitts off my health coverage money . I get less pay because i have good benefits. They can find money elsewhere like in the lining the pockets of the cigar smokin fat cat social status players.

        What happened to all the money they kept when public school brekfests were cut by our last pressy?

        Ive busted my hump to get coverage i have :(

        Comment


        • #5
          NTM The rich will find ways to get around it and lower middle class will suffer the most as normal.

          I know plenty of people with no health coverage who get county discounts and or get SS$/disability

          Mebe I shood just claim pshychiatric issues and collect disability, that would deter the tax man :p

          Or hey how about put caps on what physicians and pharmacies charge?

          EX: my mother pays $400 for imitrex rx. I pay $10 for same script and we are both with same insurance company.
          People who have insurance pay out the hinney as it it, dont dog us out more for having jobs. Unemployment is hitting all time lows but i shouldnt be punished for that. Or hey heres an idea,tax the income of the pharmecautical companies, they have so much extra money that they shove advertisements in peoples faces daily, in news, pens, paper, commercials.

          Gimme a freakin break.

          Remember when Doctors would tell you if u needed an rx instead of everyone going to their dr. and asking for stuff?

          Comment


          • #6
            Originally posted by Asmajol View Post
            NTM The rich will find ways to get around it and lower middle class will suffer the most as normal.

            I know plenty of people with no health coverage who get county discounts and or get SS$/disability

            Mebe I shood just claim pshychiatric issues and collect disability, that would deter the tax man :p

            Or hey how about put caps on what physicians and pharmacies charge?

            EX: my mother pays $400 for imitrex rx. I pay $10 for same script and we are both with same insurance company.
            People who have insurance pay out the hinney as it it, dont dog us out more for having jobs. Unemployment is hitting all time lows but i shouldnt be punished for that. Or hey heres an idea,tax the income of the pharmecautical companies, they have so much extra money that they shove advertisements in peoples faces daily, in news, pens, paper, commercials.

            Gimme a freakin break.

            Remember when Doctors would tell you if u needed an rx instead of everyone going to their dr. and asking for stuff?
            Those were the good old days, before the Viagra commercials and such. Now people come in and ask for a certain drug by name just cuz they saw an ad for it. A lot of times the tried and true drugs that are cheaper and have fewer side effects work just as well as the new ones that come through the pipeline.

            That's true about the middle class though. What will likely to happen is that we will have less coverage, probably pay a bigger chunk out of pocket (co-pays, deductibles, etc.) and the rich will still be able to go and get whatever care they want when they want it.

            I agree with K-Mom - when McCain proposed the taxing benefits idea I hated it too, thought it was a big mistake on his part.

            I made a point of calling my congressmen and contacting the office of one of the members of the Senate Finance Committee to tell them how bad an idea this is.

            Now I'm hearing all kinds of other tax rumors - a flat tax that gets added to everything that you buy - so you pay it regardless of your income. Or making everybody get a GPS on their car so you can get taxed for the number of miles you drive - like there isn't enough tax built into the cost of the gasoline to begin with.

            And the clincher - taxing regular colas because they're "unhealthy." When they start messing with my Coke it's personal!!!

            Kind of reminds me of a cartoon I saw once with a simplified 1040 tax form.

            Question 1. How much money did you make? _____

            Instructions: Send it in.

            Comment


            • #7
              Originally posted by NorthofAda View Post


              Kind of reminds me of a cartoon I saw once with a simplified 1040 tax form.

              Question 1. How much money did you make? _____

              Instructions: Send it in.

              Comment

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