Business as usual. And it won't be any different with Hillary at the helm.
...but hey, do what you want...you will anyway.Obama’s legislation delivered big gifts to private insurers: It mandated that Americans buy those insurers’ products, provided taxpayer subsidies to the industry and avoided creating a government-sponsored “public option” to compete with for-profit healthcare companies.
Among his initiatives for replacing Obamacare, [Trump] is proposing legislation to allow private insurance companies to sell their products across state lines — an idea that's been pushed by most national Republican leaders for more than a decade. In practice, such a law could reduce the power of individual states’ public officials to oversee the private insurance industry’s pricing policies. But, critics say, insurers would be permitted to congregate in the states that have the fewest consumer regulations, and then sell their products into other states, thereby avoiding those locales’ regulations.
To demonstrate how this would happen, some point to the effects of a 1978 Supreme Court ruling allowing banks to sell their products across state lines. With the ruling in hand, major credit card companies set up shop in states with the weakest usury laws and then sold their high-interest products to consumers throughout the United States, leaving other states’ regulators with less power to crack down on predatory practices.
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Trump also proposes a gift to the insurers through the tax code: He says he wants to “allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system.”
[...]
Such so-called “tax expenditures,” which effectively force all taxpayers to subsidize such deductions, are a boon to the private insurance industry, offering consumers a government-sponsored incentive to buy private insurance — one that already costs public coffers hundreds of billions of dollars a year.
IBTimes
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