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Old 03-20-2017, 01:33 PM
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Thumbs up The Obamacare Replacement Act (S. 222)

Sounds better to me, looks like it would cost a lot less than AHCA:

The Obamacare Replacement Act (S. 222), would repeal the individual and employer mandate; allow "individuals who receive health insurance through an employer" to "exclude the premium amount from their taxable income"; and incentivize insurance purchasing outside of employment by "providing a universal deduction on both income and payroll taxes regardless of how an individual obtains their health insurance."

The legislation would promote Health Savings Accounts (HSA) by giving "individuals the option of a tax credit of up to $5,000 per taxpayer for contributions to an HSA."

http://www.dailywire.com/news/14561/...te-frank-camp#
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Old 03-20-2017, 02:21 PM
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How is this bill better the the AHCA?

I only read the summary but it sounds like there would be no mandate or penalty for not obtaining insurance?
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Old 03-20-2017, 05:01 PM
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There is something wrong with removing the (already very weak) mandate.
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Old 03-20-2017, 10:14 PM
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allow "individuals who receive health insurance through an employer" to "exclude the premium amount from their taxable income"
lol
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Old 03-20-2017, 10:16 PM
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Oh, this is Rand Paul's bill. it's terrible

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Paul's plan would eliminate the cap on contributions to HSAs; it would also eliminate the requirement that "HSA participants be enrolled in a high deductible health care plan." The legislation would tear down restrictions on insurance sales across state lines; it would establish "Independent Health Pools (IHP) in order to allow individuals to pool together for the purposes of purchasing insurance." This way, churches, associations, and other entities could form collectives in order to bargain for insurance.

The bill would loosen Labor Department regulations, thus allowing more "small businesses to pool together across state lines ... to purchase health coverage for their employees and their families." These are known as Association Health Plans (AHP).
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Old 03-21-2017, 02:44 PM
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Cool SCOTUS' Roberts defied logic on ACA

If the next Supreme Court says the mandate is unconstitutional, what is the next best idea?
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Old 03-21-2017, 02:45 PM
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If the next Supreme Court says the mandate is unconstitutional, what is the next best idea?
More health insurance companies drop out of the marketplace. More poor people lose their insurance coverage. More rich people will laugh all the way to the bank.

Sorry, I got carried away.
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  #8  
Old 03-21-2017, 03:41 PM
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Quote:
Originally Posted by Take 2 View Post
Sounds better to me, looks like it would cost a lot less than AHCA:

The Obamacare Replacement Act (S. 222), would repeal the individual and employer mandate; allow "individuals who receive health insurance through an employer" to "exclude the premium amount from their taxable income"; and incentivize insurance purchasing outside of employment by "providing a universal deduction on both income and payroll taxes regardless of how an individual obtains their health insurance."

The legislation would promote Health Savings Accounts (HSA) by giving "individuals the option of a tax credit of up to $5,000 per taxpayer for contributions to an HSA."

http://www.dailywire.com/news/14561/...te-frank-camp#
"Costs less"?!

WRT to the bold, here's the line in the bill:

Quote:
In the case of an individual, there shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to so much of the qualified HSA contributions of the individual as does not exceed $5,000
Put $5000 into an HSA and the government will give you a $5000 tax cut? Sweet. Is there any reason why every single taxpayer wouldn't do this? With 200M+ people doing this, that's well over $1T in higher deficits. Add in the fact that you can now use your HSA as an unlimited tax shelter, I bet taxes go down even more.

My back-of-the-envelope calc says that we'd lose between 1/3 and 1/2 of all federal revenue due to this bill. I don't think $2T+ annual systemic deficits are cheap, but that's just me.
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Last edited by pete5383; 03-21-2017 at 03:47 PM..
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Old 03-23-2017, 01:04 PM
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Yeah, my spidey sense got triggered by that $5000 tax credit thing.
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