Tax credits cost a lot. Either in reduced revenue from those who apply the credits against what they owed in taxes before. Or, in the case of those who don't pay any income tax, a government subsidy of up to $3000 per person. Add to that the $1000 per person to start the HSA. And the $1,500 per small business to offset their administrative costs. And the billions in subsidies for high risk pools. And the other expenses. Pretty soon you're getting into Obamacare money. And will this provide better insurance at lower cost? That remains to be seen.
Good thing nobody is proposing such a thing.
Dr. Price could very well be proposing just that.
They cost WHO a lot? The thieving statists in government...that's who.
Either in reduced revenue from those who apply the credits against what they owed in taxes before.
SO WHAT!
Either you want reduced taxes, or you don't. Sounds like you don't.
Or, in the case of those who don't pay any income tax, a government subsidy of up to $3000 per person.
That is a subsidy, not a "tax credit". NOTHING should be subsidized.
And the billions in subsidies for high risk pools.
The government has no business subsidizing HRPs. It's in the best interest of the consumers and the carriers to fund them privately.
And will this provide better insurance at lower cost?
Hell yeah!
That remains to be seen.
Well, to see it...all you got to do is look in the rear-view mirror.
LIKE I SAID!
This is what worked so well in the low premium states, before Obamacare.