Health Insurance is Very Expensive, But Necessary

@iriscot (1290)
United States
August 20, 2009 11:10am CST
I was spending a lot of time worrying about how to pay for my health insurance policy and I've looked into the different plans being proposed by our government officials and I was very disturbed by the ideas that the Republicans are putting forward. The Republicans are against any health care reform as put forward by the committee working on it. It has been reported that instead of health care reform they would rather give everyone a Tax Rebate to use to pay for your commercial insurance policy. Let’s figure out what that would be for different groups of wage earners and give everyone a whopping big 25% tax rebate. Using the present taxable tables the examples would be as so for a married couple filing jointly. Now, they may be figuring on a smaller rebate percentage or a larger one. The larger they go, the more debt it will generate to our deficit and the only ones who will really gain are the insurance companies. Example 1: A taxable income of $20,000.00 per year you would pay 10.83% equal to $2,165.00 You would get a tax rebate of 25% or 541.25 Insurance cost for a family would be around $850.00 per month or $10,200.00 per year Deduct the tax rebate of $541.25 insurance cost would be $804.90 per month or $9,658.75 per year. Example 2: A taxable income of $30,000.00 per year you would pay 12.22% equal to $3,665.00 You would get a tax rebate of 25% or $916.25 Insurance cost for a family would be around $850.00 per month or $10,200.00 per year Deduct the tax rebate of $916.25 insurance cost would be $773.65 per month or $9,283.75 per year. Example 3: A taxable income of $50,000.00 per year you would pay 13.32% equal to $6,665.00 You would get a tax rebate of 25% or $1,666.25 Insurance cost for a family would be around $850.00 per month or $10,200.00 per year Deduct the tax rebate of $1,666.25 insurance cost would be $711.15 per month or $8,533.75 per year. Example 4: A taxable income of $100,000.00 per year you would pay 17.38% equal to $17,375.00 You would get a tax rebate of 25% or $4,343.75 Insurance cost for a family would be around $850.00 per month or $10,200.00 per year Deduct the tax rebate of $4,343.75 insurance cost would be $488.02 per month or $5,856.25 per year. So, the republican tax rebate plan to help people purchase insurance from a private company rewards those who make the most money and have the largest taxable income. I didn’t figure it for someone who has a taxable income of $200,000.00 but they might get a rebate large enough to pay for their insurance without any additional cost. You can go to the tax tables and figure this one out. This doesn’t look like a fair proposal to me. It looks like it just rewards the rich again.
1 response
@diamania (7028)
• Netherlands
20 Aug 09
I wouldn't know why they'd make it dependable on income anyway. It doesn't make sense to let someone pay a trillion dollars for a simple surgery and other people one dollar. Make it one standard price of let's say 100 dollars a person a month or something. And for people who need more care some extra packages.