bendog
Diamond Member
Oh I agree. But imo we can't just let employers keep more profit and not pay employees. So the tax credit to individuals that was floated back in 2008 seems the only option imo.The overarching solution is to drive down healthcare costs so that everyone can afford insurance. We need to address those things which are driving the cost ever upward.
I provided one example with the employer provided health insurance deduction. It needs to go.
And if you were allowed to call any insurance company in the country and buy the insurance options you want, that would force prices down through competition. Both political parties have worked very hard to prevent that. They have established no-compete zones and mini monopolies. Because they get a shit ton of campaign money from insurance companies.
That's the other side of money in politics. One side is the tax code which special interests pay our politicians to tweak in their favor. The other side is money they pay politicians to tweak regulations to their favor.
The last thing insurance companies want is for health care costs to go down.
If you have a ten percent profit margin, you make more profit from a $5000 payout to a hospital than you do from a $1000 payout to a hospital.
I do think that "giving' public employees a tax credit would be a new public expense not covered by the savings from eliminating the expenditure.
Some will say old people and the unwashed poor are not "sophisticated" enough to choose plans. But AARP and state insurance commissioners do good jobs, imo.