Talk of The Villages Florida - View Single Post - Trump endorses republican health care plan....ha ha ha
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Old 03-09-2017, 07:43 AM
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Does anyone remember any insurance company saying Obammacare was bad 3 years ago?

This sounds promising to me:
6 ways the new health care reform bill would affect your wallet - AOL Finance

And to emulate Rockface (you must read these paragraphs from the link I have provided, I know this is important for you to know):


What's staying

The Republican legislation leaves aspects of the Affordable Care Act intact. They include:


1. Protections for pre-existing conditions: Health insurance companies would still be prohibited from denying coverage or charging more money to a patient because the patient has pre-existing health conditions.

2. Dependent coverage for young adults: Dependents would still be allowed to stay on their parents' health insurance plan until they are 26.

What's going

The Affordable Care Act contains 21 measures designed to raise federal revenue, and the new legislation would "explicitly repeal" 14 of them, according to an analysis by the nonprofit Tax Foundation. The repealed measures that would affect the average person include:


3. The individual mandate: Individuals who fail to maintain minimum essential health insurance coverage would no longer be financially penalized.


4. The increased threshold for medical deductions: Current law allows households to deduct eligible medical expenses from their federal income taxes only if they exceed 10 percent of the household's income, up from the prior threshold of 7.5 percent. The new legislation would lower the threshold back down to 7.5 percent.

What's new

Other changes in the Republican legislation include:


5. Increased contribution limits for HSAs: The basic limit on the total amount of contributions that you can make to a health savings account (HSA) each year would be increased to the maximum annual deductible and out-of-pocket expenses allowed under a high-deductible health insurance plan. That amounts to at least $6,550 in the case of self-only coverage and $13,100 in the case of family coverage.


6. A refundable tax credit: A tax credit of $2,000 to $14,000 per year would be available to low- and middle-income households that don't receive insurance through an employer or a government program. Eligible households include individuals making up to $75,000 per year, or joint filers making up to $150,000.

Liberal nit picking whine to ensue...your up Rockface.