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To: Nuc 1.1
The first squeeze will be for people that have coverage, but also have chronic health issues. Many of these people either took advantage of deducting their medical expenses if they were over 7.5% of their AGI, or used a Flexible Savings Account to use per-tax dollars for out of pocket expenses.

Remember this was sold partly on the idea of not bankrupting people with medical bills. Under the ACA these people will see the threshold for deductibility rise to 10% and FSAs will be capped at $2500. The additional taxes paid by these lucky people will go to pay for the subsidies of others. Not protecting patients and not making care affordable.

27 posted on 11/13/2012 6:25:52 PM PST by USNBandit (sarcasm engaged at all times)
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To: USNBandit
The first squeeze will be for people that have coverage, but also have chronic health issues. Many of these people either took advantage of deducting their medical expenses if they were over 7.5% of their AGI, or used a Flexible Savings Account to use per-tax dollars for out of pocket expenses. Remember this was sold partly on the idea of not bankrupting people with medical bills. Under the ACA these people will see the threshold for deductibility rise to 10% and FSAs will be capped at $2500. The additional taxes paid by these lucky people will go to pay for the subsidies of others. Not protecting patients and not making care affordable.

Many of these folks have special needs kids, it is a triple whammy if they also have medical appliances and have to pay that tax as well.

Their is a loophole in the FSA however, it is per employee, so if a Husband and Wife are working they can both do $2,500.

What people do not know the $5,000 was an employer based arbitrary cap, their actually was none, and if your employer didn't limit it and you had high expenses you could do it tax free.

They want to kill this model and the HSA's because they work and they give you freedom.

A number changes I have come up with would have nixed Obamacare with HSA's being the anchor, along with others floated by our brainiac's

* One, Allow you to buy a plan through a natural group i.e. a Credit Union or a Church (501c3's).
* Get rid of the Aniti-Trust Exemption for health-care to sell across state lines.
* The most important one, allow any tax payer to buy a plan before their AGI on line 37 of the 1040. This means changing line 29, which now only allows small business owners to deduct their healthcare @ 100%, change line 29 so that it is for all of us. It is that simple...

Instead we have a federal leviathan...

50 posted on 11/14/2012 4:32:05 AM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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