I'm glad to see someone standing up for We the People instead of the big corporate interests involved in the health care bill! Thank you, Rep. Grayson!
Read the Article at HuffingtonPost
A Robert A Heinlein student's thoughts on life, the world, and anything else that comes to mind...
"Not carrying insurance could result in a steep fine, as much as $3,800 per family, or $950 for an individual. People who can't afford their premiums would be exempted from the fine."However, after further research, I found a WSJ article that linked to a summary of the proposed bill which shared some info about the exemption:
"An exemption from the penalty is permitted if coverage is deemed unaffordable – defined based on a circumstance where the lowest cost premium available exceeds 10% of a person’s income. Exemptions from the penalty are also allowed based on hardship, for Native Americans and for individuals below 100% of poverty. Additionally, in 2013, individuals at or below 133% of poverty will be exempt from the penalty.Now after doing the math, I've determined that I'm definitely paying more than 10% of my income on health insurance premiums... to the tune of 16% of my income and that doesn't even include all the copays for prescriptions and office visits. I'm hoping this means the changes they're proposing will actually work and reduce prices on insurance.
For taxpayers between 100-300% of poverty, the penalty for failing to obtain health coverage is $750 per year with a maximum penalty per family of $1500. For taxpayers with incomes above
300% of poverty, the penalty for failing to obtain coverage is $950 per year with a maximum penalty per family of $3800."
"Employer Responsibility. Employers would not be required to offer health insurance coverage. However, employers with more than 50 full-time employees (30 hours and above) that do not offer health coverage must pay a fee for each employee who receives the tax credit for health insurance through an exchange. The assessment is based on the amount of the tax credit received by the employee(s), but would be capped at an amount equal to $400 multiplied by the total number of employees at the firm (regardless of how many receive a credit in the exchange). Employees participating in a welfare-to-work program, children in foster care and workers with a disability are exempted from this calculation.Why is insurance considered unaffordable for a penalty exemption at 10% of one's income, yet unaffordable is defined at 13% when it comes to employer-provided coverage? And how does this change in employer-provided insurance comply with Obama's campaign promise that those with employer-provided care would be able to keep their insurance unchanged?
As a general matter, if an employee is offered employer-provided health insurance coverage, the individual is ineligible for the tax credit for health insurance purchased through an exchange. An employee who is offered unaffordable coverage by their employer, however, can be eligible for the tax credit. Unaffordable is defined as 13% of the employee’s income. The employee would seek an affordability waiver from the exchange and would have to demonstrate family income and the premium of the lowest cost employer option offered to them. Employees would then present the waiver to the employer. The employer assessment would apply for any employee(s) receiving an affordability waiver. Within five years of implementation, the Secretary must conduct a study to determine if the definition of affordable could be lowered without significantly increasing costs or decreasing employer coverage."
"Nothing in our country is any different than it was a year ago. Saying Obama is a socialist is about as accurate as saying Bush was a nazi. Judge the situation by what happens, or what has happened, not by what you think might happen."So regardless of what side you think you're on... Shouldn't we all be respectful of each other and remember that our country, our world even, needs us to calmly discuss our differences, learn from each other and find the best way forward on whatever issue happens to confront us these days???