Profile image
By Democurmudgeon (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Republicans will cut Health Insurance Deduction for Employers to pay for Reform, leading to skimpy benefits or no coverage at all.

Friday, March 3, 2017 13:11
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Republicans do have a plan to pay for health care reform, but it starts by weakening the old mainstay; it poison pills employer provided health insurance by cutting their deduction. A similar but bigger reduction was a part of Sen. John McCain’s presidential campaign. Modern Health:

Employer and business groups are shifting their lobbying efforts to fighting GOP proposals to chip away at the tax break on employer-provided health insurance to pay for the replacement healthcare law. Capping the tax break, they say, would cause employers to offer skimpier benefits, and some would stop offering coverage altogether. That would erode the employer-sponsored health insurance market.

If employers drop health benefits, the employer-sponsored market that provides coverage to 178 million Americans could lose its stability, opponents of the cap say. Today, employer-provided insurance receives the single largest federal tax break, estimated at more than $250 billion in 2016, according to the Congressional Budget Office.

The dumbest reasons for cutting the employer tax deduction was the same reason the GOP loves high deductible plans:

As it stands, the unlimited subsidy gives consumers less reason to care about the cost of healthcare.

Because Americans don’t already know how expensive health care is? At least now we’ll all get bigger pay checks?  

House Speaker Paul Ryan argued the unlimited tax break holds down workers’ wages and unfairly benefits the wealthy … (it) limits the tax break to the 90th percentile of current group health insurance premiums. Benefits above that threshold would be taxed. Employers aren’t about to trade the Cadillac tax for a cap on the tax break. 

A former liberal radio talk host who likes to ask the “follow-up question” at Democurmudgeon.blogspot.com



Source: http://democurmudgeon.blogspot.com/2017/03/republicans-will-cut-health-insurance.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.