Good morning my where did all this snow come from im.
Today's picture post on the blueprint for House Republicans overhauling the Affordable Care Act comes from this article in the Wall Street Journal by Anna Wilde Mathews & Dante Chinni.
Republicans in Congress are looking to change the way Americans pay for their health insurance. The model by the GOP in their A Better Way report will provide tax credits in fixed amounts to individuals based on their age.
I think by A Better Way, conservatives mean a quicker trip to the poor house!
The problem with their train of thought is that they do not understand how many older Americans live on fixed incomes. Often, the benefits of older folks do not go up high enough or fast enough to keep up with their rising health care costs. The difference between fixed tax credits and variable health care costs could leave many older Americans poorer. The WSJ article suggests older folks in rural areas could suffer more than others based on a review of the Republican health plan by consulting firm Oliver Wyman.
Another problem with Congressional Republicans’ health care plan is with health savings accounts or HSA's. HSA's allow people to put money away into a tax-deferred account to pay for medical expenses. There are two problems with HSA's. One, there is a limit to the amount one contributes to an HSA every year. Once you exceed the annual allowed contribution amount, you get penalized for the extra savings you put into the HSA. That is just not fair! Also, older Americans cannot afford to save enough money to fund an HSA because of their fixed incomes. To put the elderly at risk for not having enough money saved to pay for their health care is both immoral and un-American!
The third problem with the Republican health care plan is with portable coverage. Republicans want to allow Americans to buy health care insurance across state lines. Portable health insurance coverage can only work if the pool of insured is broad enough to lower the total costs of health insurance. This line of thinking, however, could strain state budgets. If states with residents in good health do not receive incentives to accept non-resident applicants in poorer health, this could cause significant harm to states’ already taxed health care system.
So, you are probably wondering, why should any of this matter to me as an artist or entrepreneur?
The cost of health care matters because without having the ability to afford access to quality health care, your business and personal needs could suffer. Please take the time to read and understand what Congress proposes to change in your health care coverage. For more information on the proposals at stake, here is a link to the Kaiser Family Foundation that gives a better picture of what’s at stake. The bottom line is that health care coverage is a fundamental right, not a privilege. Everyone deserves access to quality health care coverage at a price people can afford. Make your voice heard and keep our Congressmen honest when it comes to your health care coverage.
Thank you for stopping by @ellofinance today. Stay warm!