Wednesday, June 24, 2009
Health debate: A little clarity, please - Jun. 19, 2009
Health debate: A little clarity, please - Jun. 19, 2009: "But President Obama has set a tight deadline. He wants both the House and Senate to pass their health reform bills by Aug. 1."
The Rush to What?
According to our federal officials in Sep 08 we needed to save our banks and loosen credit. The bailout did neither. But we did it in a rush.
Then the stimulus bill had to be passed in such a rush that no one read it! Now, four months later only about 10% has been released. What did we rush to?
Now the newest need to rush is the rush is nationalized health care. How is it justified. Mystical stats. For example: "There are 47 Million uninsured." Well that begs the question, "How many of those could afford health insurance but choose not to buy?"
As it turn out between the ages of 18-64, over 43% or 18 Million could afford health insurance but choose to spend their money elsewhere. See complete article at http://www.medicalnewstoday.com/articles/155093.php - "New EPI Healthcare Study".
Another study shows that the rush is still on. However there is no consensus. So the rush must be to limit or eliminate a complete and vigorous debate that should take place. The debate and required time for same is needed so that the phony stats and emotional fear generating tactics are exposed for what they are....... A rush to deceive.
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Then the stimulus bill had to be passed in such a rush that no one read it! Now, four months later only about 10% has been released. What did we rush to?
Now the newest need to rush is the rush is nationalized health care. How is it justified. Mystical stats. For example: "There are 47 Million uninsured." Well that begs the question, "How many of those could afford health insurance but choose not to buy?"
As it turn out between the ages of 18-64, over 43% or 18 Million could afford health insurance but choose to spend their money elsewhere. See complete article at http://www.medicalnewstoday.com/articles/155093.php - "New EPI Healthcare Study".
Another study shows that the rush is still on. However there is no consensus. So the rush must be to limit or eliminate a complete and vigorous debate that should take place. The debate and required time for same is needed so that the phony stats and emotional fear generating tactics are exposed for what they are....... A rush to deceive.
Health debate: A little clarity, please - Jun. 19, 2009: "But President Obama has set a tight deadline. He wants both the House and Senate to pass their health reform bills by Aug. 1."
Monday, June 22, 2009
HRA & the Sole Propietor
It seems that only the big get the breaks. Not so with the HRA. A qualifying Sole Proprietor can save a bundle with an HRA.
How? The HRA allows reimbursement for lots of health related expenses: health insurance premiums, glasses, dental work, deductibles, co-pays... and this is only a partial list (see IRS Pub 502 - Health & Medical Expenses)
In a prior blog I mentioned that my wife and I paid over $1200 per month in health insurance premiums. Under an HRA that would be a deductible expense for my business. That would save Federal, State, Local, and self employment taxes. Plus it would not be income to me personally. That's $1200 per month and only a start. It's not a raise but it does save taxes!
That is a good deal. Save money and get health insurance!
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How? The HRA allows reimbursement for lots of health related expenses: health insurance premiums, glasses, dental work, deductibles, co-pays... and this is only a partial list (see IRS Pub 502 - Health & Medical Expenses)
In a prior blog I mentioned that my wife and I paid over $1200 per month in health insurance premiums. Under an HRA that would be a deductible expense for my business. That would save Federal, State, Local, and self employment taxes. Plus it would not be income to me personally. That's $1200 per month and only a start. It's not a raise but it does save taxes!
That is a good deal. Save money and get health insurance!
Thursday, June 18, 2009
Paul Zane Pilser
A friend ask about the author I referenced, Paul Zane Pilser. I've read two of his books but only after reading the one titled "The New Health Insurance Solution".
For a synopsis of that work check out this you-tube link where he is interviewed and discusses his book.
http://www.youtube.com/watch?v=mh_MGyx9tgc
He'll give more than enough reasons for not seeing government health insurance as a solution.
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For a synopsis of that work check out this you-tube link where he is interviewed and discusses his book.
http://www.youtube.com/watch?v=mh_MGyx9tgc
He'll give more than enough reasons for not seeing government health insurance as a solution.
Monday, June 15, 2009
Bankruptcy by Medical Costs
Cited as a reason for National Health Insurance, proponents stipulate the millions of Americans who go bankrupt each year due to health-care costs.
What they don't say is that nearly 70% have or had health insurance.
What's missing? The snake still deceives! COBRA just does not do the job.
The dirty little secret is that employees covered by employer-paid-health insurance remain covered only as long as they can work. (For the moment forget about auto workers) Once one is too sick to work, group health insurance stops even if one can afford COBRA. Thus subsequent medical bills accumulate at an alarming rate with no chance of stopping short of death.
A solution pointed out by Paul Zane Pilser in "The New Health Insurance Solution" is for individuals to purchase and own their health insurance policies. That provides complete portability thus eliminating the need for the snake.
What about affordability? In my area of Pennsylvania coverage for my wife and I is over $1200 per month. It includes maternity. In our 60s that isn't high on our list of coverages. However, that same rate applies to a married couple in their 20s.
The same rate for an individual health policy for a couple in their 20s is about $300 per month. The rate goes up as they age but can't be increased due to illness. It can't be canceled due to medical expenses either.
But, young people won't spend money on health insurance. Hey, they'll buy 52 inch High Def TV.
The right incentive isn't in place... "no health insurance no driver license". Too radical? Maybe.
But not compared to National Health Care!
What they don't say is that nearly 70% have or had health insurance.
What's missing? The snake still deceives! COBRA just does not do the job.
The dirty little secret is that employees covered by employer-paid-health insurance remain covered only as long as they can work. (For the moment forget about auto workers) Once one is too sick to work, group health insurance stops even if one can afford COBRA. Thus subsequent medical bills accumulate at an alarming rate with no chance of stopping short of death.
A solution pointed out by Paul Zane Pilser in "The New Health Insurance Solution" is for individuals to purchase and own their health insurance policies. That provides complete portability thus eliminating the need for the snake.
What about affordability? In my area of Pennsylvania coverage for my wife and I is over $1200 per month. It includes maternity. In our 60s that isn't high on our list of coverages. However, that same rate applies to a married couple in their 20s.
The same rate for an individual health policy for a couple in their 20s is about $300 per month. The rate goes up as they age but can't be increased due to illness. It can't be canceled due to medical expenses either.
But, young people won't spend money on health insurance. Hey, they'll buy 52 inch High Def TV.
The right incentive isn't in place... "no health insurance no driver license". Too radical? Maybe.
But not compared to National Health Care!
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