A community of 30,000 US Transcriptionist serving Medical Transcription Industry

How the ACA Pays for Subsidies

Posted: Nov 7, 2013

Short, but good article on NRP.

The new health care law will provide around $1 trillion in subsidies to low- and middle-income Americans over the next decade to help them pay for health insurance.

Johanna Humbert of Galien, Mich., was pleasantly surprised to discover that she qualifies for an insurance subsidy, since her current plan is being canceled. Humbert makes about $30,000 a year, so she'll get a subsidy of about $300 a month. The new plan is similar to her current one, but it will cost $250 — about half of what she pays now.

But where will the money come from to pay for subsidies like these?

On his show last Friday, liberal comedian Bill Maher called the Affordable Care Act a "Robin Hood" plan. "It does take from the rich to make better the poor," he said.

You can certainly make a case for that, says economist Joseph Antos of the American Enterprise Institute. "In a general sense, the rich, of course, subsidize the poor. The rich pay more income taxes," he says. "So, yes, absolutely, that's how subsidies are supposed to work."

;

Actually, the wealthy pay far less tax on the 90% of - the increase in national wealth they

[ In Reply To ..]
pocketed over the last 3 years than WE would have. That leaves the nation that much in the hole as a result, and doesn't even begin to take into account what they've social-engineered into their pockets at discount tax rates, even no taxes, over the past 30 years.

If we are going to let them take our money, we should at very least require them to pay the taxes we would have on it.

Besides paying for healthcare (yes, it's NOT free), our bridges are crumbling and our ports too obsolete to service modern tankers.

Similar Messages:

Feb 05, 2015
building sports stadiums says President Obama in his new budget proposal. President Obama’s most recent budget proposal takes aim at a tax exemption that has helped drive an explosion in publicly-financed sports facilities across the United States, a move that would end federal taxpayers’ role in subsidizing the construction of stadiums and arenas that often provide little economic benefit to their cities and states. As it stands now, cities and states can help pay for st ...

May 16, 2011
They expect it to come to a vote this week. It would only stop the subsidies for big oil: BP, Sunoco, Shell, Exxon Mobil, and Conoco. The little guys won't be affected. The purpose of the bill is to make a dent in the deficit. It will NOT affect gas prices. "The government sends $1 billion a day overseas to countries we don't like." I think this is the one they are talking about: Close Big Oil Tax Loopholes Act - Amends the Internal Revenue Code to deny to taxpayers with gross ...

Apr 09, 2011
a comment made by a couple readers. I am still looking for this amendment put out for the vote but in the meantime, posting these comments. The first is reality and I truly need to check the taxes I pay in my state, plus will Google as suggested: "And, the next time you fill up your tank at the pump, ask yourself this….how much of what I am paying is tax? In __________ (name of reader's state), we pay 20 cents a gallon, plus a 1 cent per gallon “special tax, plus a 0.4 cent p ...

Apr 04, 2011
You can look up by state, by top producers, who the owners of the farms are, and more. Spend some time looking. See what you think.to the left are links, or you can go to the home button and start there for different subjects. http://farm.ewg.org/regionsummary.php?fips=00000&statename=theUnitedStates ...

Jul 04, 2010
As Oil Industry Fights a Tax, It Reaps Billions From Subsidies Joe Raedle/Getty Images On Friday, cleanup workers in Grand Isle, La., positioned absorbent material to block oil from washing onto the beach. By DAVID KOCIENIEWSKI Published: July 3, 2010 When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands. Registering there allowed the rig’s owner to significantly reduce its American tax ...

Jul 22, 2014
...

Mar 24, 2015
Experts have long worried that millions of Obamacare recipients will file their taxes this year and and get hit with an unexpected tax bill. The reason? They possibly underestimated their income for the year and wound up pocketing a bigger health care tax subsidy than they should have. Now we have a better idea of just how expensive that bill could be. The Kaiser Family Foundation estimates that more than half of U.S. households eligible for health insurance subsidies in 2014 will ...

Jul 22, 2014
Breaking news ...

Jul 25, 2014
I believe this supersedes that noted below, but I will defer to the experts. ...

Jun 24, 2015
Hopefully this will encourage doctors to be the professionals they are supposed to be. http://www.washingtonpost.com/local/anesthesiologist-trashes-sedated-patient-jury-orders-her-to-pay-500000/2015/06/23/cae05c00-18f3-11e5-ab92-c75ae6ab94b5_story.html ...

Jan 27, 2017
Almost any scheme that would impose a cost on Mexico for the wall is likely to have some cost to the American citizen as well. If you impose a 20% tax on imports, Mexican goods (e.g. produce) would us cost more for sure, although not 20% more because Mexicans would be pricing themselves out of the market, so they'll adjust their prices to some extent downward. The fact is, though, that the cost of drugs, human trafficking and the illegal population in the US is approximately 5 times ...

Nov 18, 2016
Trump pays 25 million in settlement for Trump University fraud. I guess that's better than being a president on trial for fraud eh? ...

Feb 11, 2016
. ...

Oct 04, 2016
http://prntly.com/2016/09/30/irs-confirms-hillary-pays-women-38-less-than-men-for-same-job-women-are-enraged/ ...

Aug 16, 2015
in Austin, Texas shocked his 50 employees by paying their full salaries during a five-month period when the business shut down. Jeff Glover, who has operated the Chick-fil-A for 15 years, wanted to remodel the building to accommodate more customers, but didn’t want to hurt his workers. So he continued paying them for the full five months. The restaurant, which reopened this week at West Braker Lane and U.S. 183, is now the largest Chick-fil-A in Austin–and surely the chicken retailer ...

Aug 19, 2017
$10 an hour for 3 hours of protesting, how much will Soros have to pay? (Hint: Conservatives ask your kids). I suppose he will report all this on individual W9 forms. ...

Aug 04, 2015
nm ...

Apr 09, 2011
and this bill DID NOT ELIMINATE BIG OIL SUBSIDIES. I am reading through it and comparing it with the IRS Code that it applies to, so I won't be able to make any large explanations/comparisons today but noticed that even if the amendment would have passed, it would NOT have gone into affect until after December 31, 2011. Also, the little bit I did get through so far would not have eliminated oil subsidies from what I see with a quick glance, it would have changed the "gross ...

Dec 06, 2012
Apparently that was the last straw in a pile of them created by Senator Chip Rogers. "Remember that Georgia Senate leader, the Republican who held a meeting for his caucus about President Obama's secret UN mind-control plot? Remember how the progressives from Better Georgia released sneak video of that meeting, and then the Georgia Republican decided not to run for his leadership spot again? Now that same Georgia Republican is leaving the state Senate ...

Aug 12, 2013
and very high for new-patent, heavily pushed $100K cancer drugs with little proven benefit over existing drugs. That'd bring those prices down big time. Co-pays definitely "get between" healthcare and me. This view from an economist at Harvard is worth reading. Healthcare reform is begun but far from a "finished" product. ECONOMIC VIEW When a Co-Pay Gets in the Way of Health By SENDHIL MULLAINATHAN Published: August 10, 2013 FACEBOOK TWITTER GOOGLE+ SAVE E-M ...