How much is a "deductible and copay" for a policy with a premium of $16,000 per year?
Most polices at non-union companies are considerably less.
He should have done it when he had a Republican legislature. It is, in essence, a tax cut. It will never pass with Dems in charge, they want that part of the economy for themselves. Once they control health care, they control people's lives. People will be even more dependent, and vote for Dems, and te enlightened GOP types that will go along with it, like Schwartzie. That's why they want it.
You also have to factor in the amount folks pay out of pocket for the policies ~ not just the employer payment.
I sell health insurance and we don`t even have a straight health policy that costs $15000 per year.
This plan is simply horrible.
It's DOA faster than the ISG report.
The intellectually honest laughed at President Clinton's straight line budget surplus farce, and honest opinion here will show even more derision for such a simply horrible piece of hodgepodge legislative agenda.
"Most policies at non-union companies are less."
My husband was a teacher and after retirement his plan for the two of us was around $100 per month. After he died in 2005, they increased my payment for Care First BLue Cross - Blue Shield to $284 per month so I switched to Kaiser Permanente for $209 per month. I think they just raised it $20 per month.
A problem with the current tax deductions is that on the Schedule A for Itemized Deductions, you can only deduct that portion of your health insurance (and other medical expenses) that exceeds 7% of your income. I am too sleepy to do the math, but if my annual health insurance payment is $2748, how much would my income have to be to for me to be able to deduct something at the 7% level?