Daily News Updates - Health Insurance News

No Right to Adequate & Affordable, Pt.3 – Not honorable or ‘straight’, but insulting.

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Even though these health insurance expenses are only taxed as ordinary income, the fact is that the health insurance expense consumer will be paying is rising three times faster than the, otherwise, cost of living.  If consumers pay more, they will be taxed more.  As Mr. Reinhardt puts it:  “Over time, the added taxes people will pay will in fact exceed the tax credit.”  Within 5 or 6 years, consumers will find themselves paying a higher tax increase then the tax credit they receive.  This is only the beginning.  At triple the change rate, this difference will become very significant over time.  Within 10 years, this tax increase is expected to have doubled what it originally was.  Compare this with Mr. Obama’s 10-year projection of reducing health insurance costs by $2,500 a year.

Mr. Reinhardt became very frustrated when he tried to research these health insurance proposal findings on McCain’s website.  Especially conspicuous was the difficulty required for even an expert to find acknowledgement in the health insurance portion of the site.  All that can be found are ‘a few oblique references’ to an “income tax liability,” as referenced in the site.  No further explanation is given.  Mr. Reinhardt was compelled to inform those responsible:  “Guys, that’s not honorable, that’s not straight talk, that borders on insult.”

Now some will justify the ‘dishonorable means’ to justify an ‘instant gratification end’.  So it might be implausible to rectify this approach.  But one major issue still stands:  Mr. McCain appears to place little value on our nation’s domestic health.  His proposal appears to totally disregard the importance of the 70.7 Americans who do not have adequate and affordable health insurance.

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