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2020 Democratic Challengers IV: Culling the Herd

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Re: 2020 Democratic Challengers IV: Culling the Herd

Also lmao:
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Joe Biden: Make Health Insurance 1.36 Percent More Affordable For All</p>— libby watson (@libbycwatson) <a href="https://twitter.com/libbycwatson/status/1150751262494920704?ref_src=twsrc%5Etfw">July 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: 2020 Democratic Challengers IV: Culling the Herd

trixR4kids said:
Also lmao:
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Joe Biden: Make Health Insurance 1.36 Percent More Affordable For All</p>— libby watson (@libbycwatson) <a href="https://twitter.com/libbycwatson/status/1150751262494920704?ref_src=twsrc%5Etfw">July 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Click to expand...

Libby are good at the maths.
 
Re: 2020 Democratic Challengers IV: Culling the Herd

trixR4kids said:
Also lmao:
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Joe Biden: Make Health Insurance 1.36 Percent More Affordable For All</p>— libby watson (@libbycwatson) <a href="https://twitter.com/libbycwatson/status/1150751262494920704?ref_src=twsrc%5Etfw">July 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Click to expand...

Centrism for the win!!!!!!!!!!!!!!!!!!!!
 
Re: 2020 Democratic Challengers IV: Culling the Herd

trixR4kids said:
Also lmao:
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Joe Biden: Make Health Insurance 1.36 Percent More Affordable For All</p>— libby watson (@libbycwatson) <a href="https://twitter.com/libbycwatson/status/1150751262494920704?ref_src=twsrc%5Etfw">July 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Click to expand...

For once you and I are 100% on board here. I’ve always been blown away at how high medical costs need to be before they are tax-deductible.

Anything out-of-pocket should count towards itemization. With no cap. The state should not be forcing you to decide whether to seek medical care or pay taxes.

I don’t understand how this is even centrism. It’s loonball-****-the-poor-and-middle-class-ism

I don’t know many people who could take an 8.5% hit on gross pay and actually afford it. Even for an upper middle class family that makes $150k a year, that might be $12.5k. Even a family like that might not have that kind of cash sitting around. Then get taxed on top of it.

Just make it 100% deductible across the board.

Edit: great comment in the thread:
“Love [to] tithe 8.5% of my income to Aetna”

Edit 2: I had completely misinterpreted the 8.5% figure. It’s even worse. 8.5% of your income is the cap on premiums. Not even including cost of care. Holy hell.

Edit 3: the rest of it seems pretty down the road. But I have a feeling that employers aren’t going to look at that 8.5% and see a way to offload their plans onto the government. Just keep increasing costs annually without any kind of pay raise, and poof, problem solved.
 
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Re: 2020 Democratic Challengers IV: Culling the Herd

dxmnkd316 said:
For once you and I are 100% on board here. I’ve always been blown away at how high medical costs need to be before they are tax-deductible.

Anything out-of-pocket should count towards itemization. With no cap.
Click to expand...

Here we too agree (although I believe the quoted figures from the previous links are in err, unless I am misunderstanding context).

Total more than 7.5% of your AGI (only the amount that exceeds 7.5% is deductible) <-- that's Form 1040 Schedule A

That number, if at all, should be no more than 2% of AGI. And you should be able to include medical, dental, and prescriptive (lens, not frames) vision expenses.
 
Re: 2020 Democratic Challengers IV: Culling the Herd

The Sicatoka said:
Here we too agree (although I believe the quoted figures from the previous links are in err, unless I am misunderstanding context).

Total more than 7.5% of your AGI (only the amount that exceeds 7.5% is deductible) <-- that's Form 1040 Schedule A

That number, if at all, should be no more than 2% of AGI. And you should be able to include medical, dental, and prescriptive (lens, not frames) vision expenses.
Click to expand...

I got tripped up by the same thing, I believe. If I am understanding Biden’s plan correctly...

What Biden is wanting is that premiums are capped at 8.5% of your gross. This doesn’t include the tax deductible portion of medical care costs. Unless I misunderstand how the ACA premiums work with taxes, a likelihood. If you can deduct premiums, then that’s a little different. But if you can’t, you’re looking at 8.5% just to premiums and up to 7.5% that isn’t deductible. So right there you’re looking at 16%.

I know the cost problem isn’t going to be fixed by making everything deductible. But it will help. Especially those in the bottom 2/3 of income.
 
Re: 2020 Democratic Challengers IV: Culling the Herd

Can't we simplify?

What'd you pay (your portion, not employer's portion) for medical, dental, vision coverage?
What'd you pay out of pocket for medical, dental, prescriptive vision?

If that number (the sum of the two) is more than 4%* of AGI the overage is tax deductible.
Done.


*negotiable
 
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Re: 2020 Democratic Challengers IV: Culling the Herd

The Sicatoka said:
Can't we simplify?

What'd you pay (your portion, not employer's portion) for medical, dental, vision coverage?
What'd you pay out of pocket for medical, dental, prescriptive vision?

If that number (the sum of the two) is more than 4%* of AGI the overage is tax deductible.
Done.


*negotiable
Click to expand...

Instead of tax deductible just make it fully refundable. So we keep the same system we have now but people can file for a refund at tax time for their medical expenses.
 
Re: 2020 Democratic Challengers IV: Culling the Herd

Kepler said:
Instead of tax deductible just make it fully refundable. So we keep the same system we have now but people can file for a refund at tax time for their medical expenses.
Click to expand...

That's kinda setting the rate at 0% of AGI. Not exactly, but close.
 
Re: 2020 Democratic Challengers IV: Culling the Herd

Kep is backdooring single payer. I kind of like it. Keep your plan. Pick your doctor. Send us the bill.

But then it doesn’t address the problems with prescription costs, overhead, etc.
 
dxmnkd316 said:
Kep is backdooring single payer. I kind of like it. Keep your plan. Pick your doctor. Send us the bill.

But then it doesn’t address the problems with prescription costs, overhead, etc.
Click to expand...

But who decides on what the doctor gets paid? And what if it isn't enough?
 
joecct said:
But who decides on what the doctor gets paid? And what if it isn't enough?
Click to expand...

Part of my fix for this is reducing tuition for med school and then reducing salary. You can still pay docs a lot without making them go 200k in debt
 
Re: 2020 Democratic Challengers IV: Culling the Herd

joecct said:
But who decides on what the doctor gets paid? And what if it isn't enough?
Click to expand...

Serious question, why don't you have the same concern when it comes to your insurance companies that are mainly foisted on you by your employer?

At least with the government, you can kick the bums out and/or seek judicial review of their rulings. With an insurance company, good farking luck appealing a denial of benefits.
 
unofan said:
Serious question, why don't you have the same concern when it comes to your insurance companies that are mainly foisted on you by your employer?

At least with the government, you can kick the bums out and/or seek judicial review of their rulings. With an insurance company, good farking luck appealing a denial of benefits.
Click to expand...

My health plan is thru FEHBA.
 
Re: 2020 Democratic Challengers IV: Culling the Herd

trixR4kids said:
Sure, Medicare for All would be a lot simpler.
Click to expand...

Simple solutions for simple minds.

If eliminating private insurance and Medicare for all is the answer then why do 1/3 of all people on Medicare chose to go with a private insurer and the number is growing each year and expected to hit 50% some time in 2025? And why is the government, Congress, been pushing more people to these private insurers? Efficiency and controlling costs, private insurers are more efficient because that’s where the profit is. Why do people chose to go with private insurance? Better coverage/more benefits.
Over 90% of people new to Medicare chose the Gubermint out of ignorance, but once they learn they get better benefits and speedier response from private insurance, they switch.

you lefties are a riot, it would be even more humorous if the consequences of your ignorance wasn't so damaging
 
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