Ryan said the tax credits are different from the Affordable Care Act’s federal insurance subsides based on income, arguing the credits would give individuals the freedom to purchase the plan they feel is best without the government forcing people to buy insurance.
“No, that’s not an entitlement. Letting people keep more of their own money and doing what they want with it is not an entitlement,” he said. “If you think letting people keep more of their own money and letting them do what they want with it is an entitlement, then you must believe this is Washington’s money.”
The Daily Caller
Paul Ryan: Tax Credits In Obamacare Repeal Are Not An Entitlement
Juliegrace Brufke | Capitol Hill Reporter
Note: the ACA individual mandate is front loaded, requiring everyone to have insurance or be liable for a penalty. The Ryan plan is back loaded, not requiring participation but adding a penalty in the from of a higher premium for each period that a person chooses not to remain uninsured.
"Letting people keep more of their own money and doing what they want with it is not an entitlement,”
ReplyDeleteThat is actually how it looks under Modified Accrual accounting...
http://www.investopedia.com/terms/m/modified-accrual-accounting.asp
the Peterson people (big Modified Accrual people...) havent had much of a problem with it so far...
ReplyDeleteNo subsidies, the insurers are going to hate this. Goodbye money for nothing.
ReplyDeleteIt is Washington's money. It says right on the bill -- "FEDERAL RESERVE NOTE." Without government, there would be no money. Uncle Sam just lets us hold it and use it for a while.
ReplyDelete"It's my money, and therefore taxation is theft" is one of the fundamental tenets of the conservative worldview, all tied in to protestant morals and "just desserts."
Back to the article -- RyanCare would give me a $4000 credit to buy insurance -- but you can't buy insurance for an old geezer for $4000, never mind the deductibles and copays. O-Care did not do anything for me, either, so either way I am screwed. Health Care-wise, I would be better off if I were a peasant in Cuba.
What state are you in, Dan?
ReplyDeleteWell Dan you should still take the $ and buy something... even catastrophic coverage or something...
ReplyDelete@Matt
ReplyDeleteYou persist in the delusion that the government is handing out money. A tax credit only goes ro people who pay taxes. Mitt Romney's 47% don't and will receive no benefit. Many others pay taxes far less than the credit and won't get the full "benefit". Meanwhile NONE of the structural problems with the for-profit insurance / care industry are being addressed.
One of the common delusions of the 1% is they think everybody has what they do, and that if they don't it is by choice.
One of the common delusions of the 1% is they think everybody has what they do, and that if they don't it is by choice.
ReplyDeleteFrom the horse's mouth:
A first-term congressman who spent three decades as a physician — and is now part of a group of Republican doctors who have a major role in replacing Obamacare — is facing backlash after saying that poor people “just don’t want health care and aren’t going to take care of themselves.”
Rep. Roger Marshall (R-Kan.), a member of the GOP Doctors Caucus, said comments he made to STAT were not meant to suggest that poor people take health care for granted. The comments were published in a story last week about his burgeoning role in the fight to replace the Affordable Care Act.
“Just like Jesus said, ‘The poor will always be with us,’ ” Marshall said in response to a question about Medicaid, which expanded under Obamacare to more than 30 states. “There is a group of people that just don’t want health care and aren’t going to take care of themselves.”
He added that “morally, spiritually, socially,” the poor, including the homeless, “just don’t want health care.”
“The Medicaid population, which is [on] a free credit card as a group, do probably the least preventive medicine and taking care of themselves and eating healthy and exercising. And I’m not judging; I’m just saying socially that’s where they are,” he told STAT, a website focused on health-care coverage. “So there’s a group of people that even with unlimited access to health care are only going to use the emergency room when their arm is chopped off or when their pneumonia is so bad they get brought [to] the ER.” — WaPO
“Just like Jesus said, ‘The poor will always be with us,’
ReplyDeleteObviously, the guy has never come across Matthew 25:35-45 :(
"You persist in the delusion that the government is handing out money. A tax credit only goes to people who pay taxes."
ReplyDeleteA refundable tax credit can result in a negative tax liability, ie the govt sends the filer USD balances even if the 1040 says the liability is zero...
Read the bill for crying out loud...
Or what are you saying that if the person does not file a 1040 then they wont get any credit? iow are you saying "what if a person does not file a 1040?"
Or are you saying "What if the person files a 1040 and they owe no taxes?"