When 75% of the country is pushing for some form of a public health
insurance choice and when you can't seem to get the 60 votes required
to pass such a bipartisan bill in the Senate with such an option, what
do you do? You create a diversion. You divert their attention to
another potential problem and that problem has to be something that
completely 'shuts down' the push for a public insurance option.
What you do is, you release new information (Senator Baucas's
health care plan) that will reportedly cause those demanding for a
public option to stop and say, "Whoa, wait a minute! You're going to charge me 13% of my income that I either don't currently spend or you're going to charge me 13% over and above what I already pay for health care, for so called reform that's suppose to save me money?"
According to reports,
Oldest Americans buying private insurance could be charged five times what youngest Americans are charged.
Beginning
in 2013, individuals would be required to have health insurance.
Individuals and families who do not have insurance for more than three
months in a given year would be subject to an annual excise tax of $750
and $1,500, respectively, if their income is below 300% of the federal
poverty line (or $66,150 for a family of four). Tax penalties for
individuals and families with incomes above that would be $950 and
$3,800. The excise tax would be waived for Native Americans and
individuals and families whose health-insurance costs would be more
than 10% of their annual income.
What kind of subsidies would the government offer to low-income Americans and small businesses to help them buy insurance?
Starting in 2013, the Federal Government would offer a refundable tax credit to
low- and middle-income individuals and families who purchase certain
policies through the state exchanges. The credit would be available to
individuals and families who earn up to 300% of the federal poverty
level, which for a family of four would be about $66,000 in 2009. It
would be provided on a sliding scale, with the level of credit "based
on the percentage of income the cost of premiums [not including
deductibles or copays] represents, rising from 3% of income for those
at 100% of poverty to 13% of income for those at 300% of poverty."
Individuals earning between 300% and 400% of the poverty level would be
eligible for a credit after their share of the premium hits a maximum
of 13% of income. The credits would be paid directly to insurers through the exchange, with policyholders paying the remaining amount.
Say what?
If President Obama wants to lose what ever support he currently holds he'd best shut down this Baucas plan down FAST.
This bill sounds more like a Republican Plan, especially the TAX REFUNDABLE CREDIT part.
If
people had the money to buy insurance don't you think they would buy
it? Giving them a tax credit for something you assume they have -- is
nonsense.
Exactly what is the consumer gaining with this plan? Sounds more like a Help the Insurance Company bill if I ever saw one....so on and so on.
Going back to my original premise, this bill is exactly what it will
take to get that 'Public Option cries off the minds of Americans.
Now everybody will talk about what it's going to cost middle income
families for health care -- it's going after their pocketbooks now.
So long as the bill was only going after high wage earner's tax cuts
everybody was for it; but now that they see what will be coming out of
their own pockets, all hell will break loose.
What better way is there to enter into conference -- with all
options from the House and now the Senate to work with-- and Americans
scared to death about what they will soon be required to pay.
Public Option demand fades away.....people are now too worried about where they will find the money to pay for health care requirements.
The Public Option dies in conference and a Co-Op appears instead. The cost of insurance will be lowered as well.
The whole idea is to make the Public Option crowd -- GO AWAY!