Fixed-Dollar Tax Credits Would Reduce Individual Health Insurance Premiums quoting : independent

Tax credits that subsidize health insurance offered in Obamacare's exchanges are based on the second-lower cost Silver-level plan in a region. As long as subsidies chase insurance premiums, premiums will be higher than otherwise. Unfortunately, the structure of subsidies in U.S. health insurance has moved in the other direction. She concludes that fixed-dollar subsidies reduce taxpayers' costs and improve access. Nevertheless, it demonstrates that replacing Obamacare's tax credits with a fixed-dollar tax credit to subsidize health coverage is as close to a free lunch as is possible in health reform.




An analysis by The Des Moines Register shows more than two-thirds of Iowa legislators are paying hundreds of dollars less a month than appropriate for their health insurance, a potential violation of state law. Data analyzed by the newspaper shows that more than 90 of nearly 150 Iowa legislators pay as little as $20 a month in health insurance premiums, rather than the $142 to $334 a month those plans call for. Another nearly 40 lawmakers pay up to $344 a month for coverage plans, rather than as much as $446 their plans call for. The newspaper found the total underpayments are costing taxpayers more than $29,000 a month, about $350,000 a year. The state Department of Administrative Services provided the data, but declined the newspaper's request for comment.

Last-Minute Consumers Face Ticking Clock to Buy Health Insurance

collected by :Lucy William

To follow all the new news about Health care