How much will Obama's new health plan cost us?
**Mr. Obama's proposed income-based health-insurance subsidies, tax credits for tiny businesses, and ...
How much will Obama’s new health plan cost us?
**Mr. Obama’s proposed income-based health-insurance subsidies, tax credits for tiny businesses, and expanded Medicaid eligibility would cost another .63 trillion, according to the TPC. Thus his tax rebates and health insurance subsidies alone would lift the undisclosed bill to future taxpayers by .95 trillion — roughly 5 billion a year by 2012.
The Wall Street Journal did a great article on how much Obama’s plans are going to cost us.
Just wondering if anyone knows how much it truly will cost us all??
How much will his tax plans cost the average American?
**A trillion here, a trillion there, and pretty soon you’re talking about real money. Altogether, Mr. Obama is promising at least .3 trillion of increased spending and reduced tax revenue from 2009 to 2018 — roughly an extra 0 billion a year by 2012-2013.
How is he going to pay for it?
Raising the tax rates on the salaries, dividends and capital gains of those making more than 0,000-0,000, and phasing out their exemptions and deductions, can raise only a small fraction of the amount. Even if we have a strong economy, Mr. Obama’s proposed tax hikes on the dwindling ranks of high earners would be unlikely to raise much more than billion- billion a year by 2012.
http://online.wsj.com/article/SB122480790550265061.html
Funny…I am ignorant but how do you all think he will pay for his so called reformed health plan? With his 600 million in campaign funds? I think not!
I see no backup on where you got the numbers on McCain’s health care.
Tags: campaign funds, capital gains, dividends, earners, health insurance, health plan, mccain, medicaid, medicaid eligibility, new health, real money, subsidies, tax credits, tax rates, tax rebates, tiny businesses, tpc, trillion, wall street journal, wsj
Posted in Tax Deductions Q & A | 8 Comments »
wouldn’t require either individuals or employers to get coverage.
It avoids expanding the federal role in overseeing the health insurance industry.
it would not set up new federally regulated purchasing pools for individuals and small businesses.
it would allow individuals to use the Internet to purchase lower-cost coverage available anywhere in the country.
The plan would offer tax deductions and tax credits to help make the purchase of health insurance more affordable for individuals.
The GOP bill would take on medical malpractice, limiting jury awards for pain and suffering and creating new health courts in which a specially trained judge would hear and decide cases involving medical negligence.
It isn’t a government take over but entitles everyone to get available insurance and pools the coverages on a website so people can compare and should drive prices down through competition
http://www.newsmax.com/headlines/house_GOP_health_bill/2009/07/29/241516.html
EDIT: This is the republican version of reform.
It is NOT a public option. There would be not takeover under this option. It simply seems much better than Hussein Obama’s idea for complete take over.
Edit:
APR: What do we do with an the uninsured? Medicaid is a failure. Ever since Nixon passed that law that enabled the health care to dictate prices they flew up.
Tags: failure, gop, gop bill, headlines, health bill, health care, health insurance, health insurance industry, hussein obama, jury awards, medicaid, medical malpractice, medical negligence, new health, nixon, pools, republican version, small businesses, tax credits, tax deductions
Posted in Tax Deductions Q & A | 13 Comments »