Posted on 06/18/2008 12:00:32 PM PDT by bs9021
Fair Care
by: Emily Miller, June 18, 2008
Solutions to fix the problem of the estimated 47 million Americans without health insurance usually entail the creation of yet another cumbersome government bureaucracy riddled with red tape. Authors J. Patrick Rooney and Dan Perrin take a different approach in their new book America’s Health Crisis Solved: Money-Saving Solutions, Coverage for Everyone.
Rooney, famed for creating the first health savings account (HSA) and former chief executive of Golden Rule Insurance Company, and Perrin, President of HSA Coalition, proposed a health care insurance plan they dubbed “Fair Care” that focuses on fixing the finance mechanism of the current health care equation. Fair Care aims to redistribute the money available in the government’s health care budget in what they deem a more “fair” manner by ceasing “tax givebacks” and giving out a refundable tax credit instead.
“The money is there,” Rooney and Perrin insist. “Let’s just distribute it differently—more fairly.”
The proposed refundable tax credit is tax-free money, and the authors suggest the federal government pay each family $5,000 per year and each employee $2,000 per year. This could be interpreted as a tax increase plus a subsidy, and the authors admit Fair Care requires that “those in the upper tax brackets will have a tax increase.”
Nonetheless, Roony and Perrin boasted that “Under Fair Care, Americans in the highest tax brackets would be treated equally. Today they are not treated equally; they’re treated better, since the tax forgiveness they receive on the employer’s contribution toward health benefits is generally greater than what they will receive from the refundable tax credit that would go to every American.”
This money would be available for all who are not already on a government-sponsored program such as Medicare or Medicaid...
(Excerpt) Read more at campusreportonline.net ...
Why don’t we find out how many of those 47 million WANT health insurance first.
Its not like 1 in 6 people are suffering in the streets because they lack health insurance. If that many are uninsured (a big ‘if’), I have to figure that much of it is voluntary.
jeeze...common sense!!who’da thunk it!
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