So the only way ACA can survive is through massive subsidies? Sounds like it needs to be reformed or killed. |
I read some news saying that the premium for SOME families could increase up to $2000 a year if the covid-19 subsidies expire. I emphasize “some” because it appears those families are on the upper side of household income. But all insurance premiums go up each year. For example the FEP Blue basic will go up by $1385 next year. Note the federal government insurance is considered the best. The private employers’ insurances are generally worse than the government’s. I don’t oppose the COVID-19 subsidies be extended. But my question is why can’t all insurance premiums be eligible for the Covid-19 subsidies (which are just tax credits)? |
The only way most US citizens can pay for their own healthcare is with massive subsidies. Unless our Congressional representatives feel like growing a pair and going up against their donors in the insurance and medical industries and attempting to convince them that a single 10 minute doctor visit shouldn’t come to $300. |
This is not true. The federal options are middle of the road as far as the employee’s premium and benefits provided. Also regarding ACA, premiuare going to double or triple for some people. So a family paying $600 per month now might have to pay $1800 per month next year. |
Can we say the same thing for Space X? It can only survive with government subsidies? |
What are those families income? There are no upper income limits for ACA Covid subsidies for 2121 through 2025. So a family of HHI $600K could get a subsidy. If the Covid subsidies become permanent (as D proposed), then a family of 1 million HHI could be eligible for the subsidy while ordinary Americans buying insurance through their employers cannot have this subsidy. Note if your employer offers insurance, you are not eligible for Obamacare which is unfair. |
If you have health insurance through your employer, *your employer* is providing a subsidy. |
That employer subsidy is at the expense of lowering your income. |
| Does anyone know if Penfed is offering loans? |
Weird to ask here instead of visiting their website, which has a big banner on the landing page. |
It’s middle/low income people that need to worry about losing the subsidy, and yes their premiums might go up by $1000 per month. And employer plans are usually a better deal than what you can get through the ACA at this point. Do you know anyone that wants to drop their employer plans for the ACA? |
What subsidies is Space X specifically receiving? Payment for services rendered are not subsidies. Now if you were talking about ULA... That was basically the Government paying for nothing. |
This is a shockingly ignorant take. Your employer-provided health insurance has a subsidy too, that your employer pays (and, often, writes off at tax time). The ACA is for people who don't have employer-provided plans. And it "survives" fine, the issue is the survival of all the people who will have to drop their insurance because of cost. I am old enough to remember when the ACA (originally "Romney care") was the Republican preference and Dems wanted single payer. Sad that things have regressed so far. |
https://www.cbsnews.com/news/trump-elon-musk-federal-subsidies-cost-tesla-spacex-billions/ I'm sure plenty of taxpayers are more interested in keeping sick citizens off the street and funding NIH research for cures that funding the next exploding rocket. Bootstraps! Work hard and get more private-sector funders like any good businessman would! |
Investment vs welfare |