Posted on 10/10/2010 9:30:25 AM PDT by GailA
Tennesseans will save $2.7 billion on health care insurance when health care reform is in place in 2014, according to a new study.
That total will come as an estimated 664,100 Tennesseans will be eligible for premium tax credits, the study says.
The credits will be available from the federal government to people and families who make up to four times the national poverty level, up to $43,320 for an individual and up to $88,200 for a family of four. The amount of the credit will be based on income.
Money from the credits will flow directly from the government to the health plan the person or family chooses through new health care exchanges that will be available in 2014. So, these funds will not be available to spend on anything other than health insurance premiums.
The new study is from Families USA, a Washington health care consumer advocacy group that reviewed the tax credit's effect on citizens in nearly every state.
The study says the tax credits will go to 29 million mostly middle-income Americans and total $110 billion in reduced taxes. Families USA executive director Ron Pollack called the premium tax credits "one of the largest middle-income tax cuts in history."
(Excerpt) Read more at commercialappeal.com ...
IF IT IS BAD FOR NEVADA, IT’S BAD FOR TENNESSEE!
EARLY VOTING STARTS OCT 13TH, BE SURE TO GET OUT AND VOTE!
Rory Reid: Healthcare reform could end up hurting Nevada
http://thehill.com/blogs/healthwatch/health-reform-implementation/123307-rory-reid-healthcare-reform-could-hurt-nevada
This *news*paper is published in Memphis....where Democrat policies (like the policy that produced this *health* care bill) have resulted in just WHAT kind of city environment??????
A commenter on the article left this response:
“The headline is wrong. Tennessee will get help paying for the increased price of the new mandated insurance. But anyone who thinks that Tennessee is actually getting any money is going to be in for a serious let down.
This is essentially a rebate giving people money back on a mandatory purchase. Since the price of the item is going up the actual impact on Tennesseans will have to be seen, but the expectation - from the Obama administration - is that health insurance costs will be higher with reform.
Reform as written may or may not be a good thing, but the CA should at least try to write the headlines correctly. A better shot at it would have been “Tennessee to get $2.7 billion to defray cost of health care reform bill”
And lets not get started on who they are getting the $2.7 billion from - people who pay federal income tax. So if you pay no federal income tax this is wealth redistribution; if you do it is just returning money they took from you (but with conditions). Again you may think this is good or bad, but lets not act like it is money from heaven. The CA should contribute to the financial education of its readers, not encourage financial ignorance by leaving these key details out.”
Thanks, that is what I figured. And I suspect the taxpayer paid for the study to boot.
You have to register to leave a response, so I don’t bother. The CA is referred to by conservatives as either the Comic Appeal or the Commie Appeal.
Reminds me of the interview with an Obama zombie who’s excited:
Where is the money coming from?
Obama
Where did he get it?
I don’t know.
Thanks for your post....it explains a couple of questions I had i.e. where is this $ coming from?
Because the dead may vote, but they do not incur healthcare costs.
In other words, BOHICA fellow Tennesseans!
TennCare has been a disaster
But if you didn’t like that
ObamaCare will be a disaster
“The new study is from Families USA...”
All you need to read. This is a Marxist propangada organization: perpetually dishonest. Very, very bad uncritical “reporting” by the Commerical Appeal.
Families USA Board of Directors:
Jarrett Barrios
GLAAD
Kathy Bonk
Communications Consortium Media Center
Gordon Bonnyman
Tennessee Justice Center
James M. Christian, Sr.
PSI Family Services
Robert Crittenden, M.D. Chief of Family Medicine Service, Harborview
Medical Center
Bob Edgar
Common Cause
Jeff Kirsch
Fight Crime: Invest in Kids
Angela Monson
Oklahoma University
Health Sciences Center
Ali Noorani
National Immigration Forum
Philippe Villers
President and Co-Founder of Families USA Foundation
Families USA is a liberal American non-profit consumer health-care advocacy organization. It was co-founded by attorney Ron Pollack, its current executive director, and Philippe Villers, the organization’s current President.
Pollack was Dean of Antioch School of Law, and argued cases involving food aid for low-income Americans before the Supreme Court.
In 1997, President Bill Clinton appointed Pollack as the sole consumer representative on the Presidential Advisory Commission on Consumer Protection and Quality in the Health Care Industry, where he worked on the Patients’ Bill of Rights.
Families USA is an influential health-care lobbyist in Washington, D.C. They’ve taken positions on every major piece of health care legislation, most recently the Medicare Part D plan.
The Hill newspaper named Pollack and Families USA one of the top twelve lobbyists on health insurance issues. “Lobby League: Health Insurance”. The Hill. 2005-06-15. Retrieved 2008-02-16.
Leftnuts are bewitched in the liberal fairytale of Obamacare, and these are the numbers they conjure up. As for real numbers, with the increase in insurance premiums and tight budgets, my family is averaging approximately $400 less a month than we did last year, or what will come to $4,800 less into our economy. Fuel is going back up as the stock market plays on in wonderland. ...Remember the days when a healthy stock market meant a better economy for everyone, ...not in this Obamascare. A rising stock market doesn’t mean jobs or better salaries. It means higher prices at the pump and checkout lines. Two more years of this leftist, omnipotent government crap, and America will be near unsalvageable.
I read recently on-line: Memphis is one of the most corrupt cities in the United States.
I just shake my head and want to throw up my arms. Memphis has some serious basic issues. A couple of roads that I travel every day are always completely littered with trash and broken glass and empty forties. Last week I finally saw a couple of city workers trying to clean up...moving very slowly. I’d get out and do it myself but it’s just not safe. I kid you not, three days later the roadsides were all trashed up again. The people here sh*t where they live...pretty literally.
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