Saturday, March 11, 2017

TrumpCare is a big Health Savings Account for the rich

Trumpcare masquerades as a money-saving reform of Obamacare. In reality it's nothing more than another Republican-business-as-usual income transfer to House Speaker and One-Percenters' errand boy Paul Ryan's donor constituency - -  
Paul Ryan's official Speaker photo. In the background is the American Flag. t
- - that already has more money than most people ever see: 
Wealthy Would Get Billions in Tax Cuts Under Obamacare Repeal Plan
Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.
The assessment was made by the Joint Committee on Taxation, a nonpartisan panel that provides research on tax issues.
It is not unusual for tax cuts to benefit mostly the wealthiest, but still save some money for a majority of Americans. But the benefits of these reductions would be aimed squarely at the top.

1 comment:

my5cents said...

Health Savings Plans have always benefited the wealthy and never low-income people. Poor people don't have extra cash just sitting around to be saved for healthcare. It is a struggle each month to pay off medical bills without going bankrupt, which many have had to do. The ACA changed that for many, but they will now be thrown to the lions once again. I don't see why they cannot improve the parts of the ACA that need to be changed and leave the parts that are working alone. Why don't they pass a law that all health insurance companies have to participate in the ACA? That will bring costs down for everyone and even the playing field. I know that will never happen, but it is just an idea. Republicans are always screaming about regulations and the next thing you know they are regulating what medical services women can have and which ones they can't. Go figure!! I will never understand how they think.