What about people who decide to just pay for their own health care, rather than buying insurance? What about people who don't really need health insurance, but need something else? Why should some specific expenditures be tax deductable, but not others?
Some people are milking the system by getting "health care plans" that pay for so much they aren't "health insurance", they are just transfer payments, Like I said elsewhere, a plan that pays for 100% of your dental care, including all the normal checkups, isn't insurance, it's just a transfer payment to get to buy the treatments with pre-tax dollars.
C'mon now CharlesWayne you knew someone was going to ask this.
Who does NOT need health insurance except the truly fabulously wealthy>
:)
so what, the point is - THOSE PEOPLE HAVE COVERAGE. leave them alone, the problem with the system isn't people who have coverage, ITS PEOPLE WHO DON'T.
That's certainly a legitimate point. I find it hard impossible to defend the bloated tax code, so I certainly won't try it here. If I had my way there would be no deductions, as I find them to be little more than social engineering.
For what it's worth, I wish the President would have proposed accounts that allow pre-tax contributions for healthcare similar to 401k retirement accounts. Allow this money to be converted into a retirement account and/or passed onto heirs.