Home › Forums › Financial Markets/Economics › Backdoor to socialized medicine?
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March 28, 2010 at 3:20 AM #533421March 28, 2010 at 8:01 AM #532500SK in CVParticipant
[quote=briansd1]Company A likely pays more than Company B.
That’s the nature of the private market.
Older people cost more and pay more. Thus the older employees get compensated higher by their employers who pay higher health insurance premiums.
However, under the new legislation, with insurance exchanges that employers could join, Company A would pay the same as Company B.
This Health Care Bill creates a level playing field.[/quote]
Unless I misunderstand what you’re saying here, I’m pretty sure you’re not right here Brian. Company A & Company B would have access to the same policies and acess to the same rate schedules. In that regard there will be a level playing field. They would not, however, pay the same rates. Insurance can still be age rated. Insurance for 60 year olds will stil be more expensive than insurance for 20 year olds.
March 28, 2010 at 8:01 AM #532627SK in CVParticipant[quote=briansd1]Company A likely pays more than Company B.
That’s the nature of the private market.
Older people cost more and pay more. Thus the older employees get compensated higher by their employers who pay higher health insurance premiums.
However, under the new legislation, with insurance exchanges that employers could join, Company A would pay the same as Company B.
This Health Care Bill creates a level playing field.[/quote]
Unless I misunderstand what you’re saying here, I’m pretty sure you’re not right here Brian. Company A & Company B would have access to the same policies and acess to the same rate schedules. In that regard there will be a level playing field. They would not, however, pay the same rates. Insurance can still be age rated. Insurance for 60 year olds will stil be more expensive than insurance for 20 year olds.
March 28, 2010 at 8:01 AM #533080SK in CVParticipant[quote=briansd1]Company A likely pays more than Company B.
That’s the nature of the private market.
Older people cost more and pay more. Thus the older employees get compensated higher by their employers who pay higher health insurance premiums.
However, under the new legislation, with insurance exchanges that employers could join, Company A would pay the same as Company B.
This Health Care Bill creates a level playing field.[/quote]
Unless I misunderstand what you’re saying here, I’m pretty sure you’re not right here Brian. Company A & Company B would have access to the same policies and acess to the same rate schedules. In that regard there will be a level playing field. They would not, however, pay the same rates. Insurance can still be age rated. Insurance for 60 year olds will stil be more expensive than insurance for 20 year olds.
March 28, 2010 at 8:01 AM #533176SK in CVParticipant[quote=briansd1]Company A likely pays more than Company B.
That’s the nature of the private market.
Older people cost more and pay more. Thus the older employees get compensated higher by their employers who pay higher health insurance premiums.
However, under the new legislation, with insurance exchanges that employers could join, Company A would pay the same as Company B.
This Health Care Bill creates a level playing field.[/quote]
Unless I misunderstand what you’re saying here, I’m pretty sure you’re not right here Brian. Company A & Company B would have access to the same policies and acess to the same rate schedules. In that regard there will be a level playing field. They would not, however, pay the same rates. Insurance can still be age rated. Insurance for 60 year olds will stil be more expensive than insurance for 20 year olds.
March 28, 2010 at 8:01 AM #533436SK in CVParticipant[quote=briansd1]Company A likely pays more than Company B.
That’s the nature of the private market.
Older people cost more and pay more. Thus the older employees get compensated higher by their employers who pay higher health insurance premiums.
However, under the new legislation, with insurance exchanges that employers could join, Company A would pay the same as Company B.
This Health Care Bill creates a level playing field.[/quote]
Unless I misunderstand what you’re saying here, I’m pretty sure you’re not right here Brian. Company A & Company B would have access to the same policies and acess to the same rate schedules. In that regard there will be a level playing field. They would not, however, pay the same rates. Insurance can still be age rated. Insurance for 60 year olds will stil be more expensive than insurance for 20 year olds.
March 28, 2010 at 8:22 AM #532505HobieParticipantThen Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.
March 28, 2010 at 8:22 AM #532632HobieParticipantThen Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.
March 28, 2010 at 8:22 AM #533085HobieParticipantThen Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.
March 28, 2010 at 8:22 AM #533180HobieParticipantThen Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.
March 28, 2010 at 8:22 AM #533441HobieParticipantThen Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.
March 28, 2010 at 9:36 AM #532545SK in CVParticipant[quote=Hobie]Then Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.[/quote]
I’m opposed to a flat tax, purely because of it’s regressiveness, but that aside, there’s no reason that it would result in any cost savings in administration. I’m presuming that assertion is based on it simplifying the tax code. It won’t. The tax rate schedule is among the simplest part of computing tax. The complications in the tax code are in defining income. Those definitions comprise most of the more than 5 million words in the US tax code. The tax rate sections are a tiny piece. It can be simplified. But in many cases, simplifying it invites exploitation of loop holes.
March 28, 2010 at 9:36 AM #532672SK in CVParticipant[quote=Hobie]Then Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.[/quote]
I’m opposed to a flat tax, purely because of it’s regressiveness, but that aside, there’s no reason that it would result in any cost savings in administration. I’m presuming that assertion is based on it simplifying the tax code. It won’t. The tax rate schedule is among the simplest part of computing tax. The complications in the tax code are in defining income. Those definitions comprise most of the more than 5 million words in the US tax code. The tax rate sections are a tiny piece. It can be simplified. But in many cases, simplifying it invites exploitation of loop holes.
March 28, 2010 at 9:36 AM #533124SK in CVParticipant[quote=Hobie]Then Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.[/quote]
I’m opposed to a flat tax, purely because of it’s regressiveness, but that aside, there’s no reason that it would result in any cost savings in administration. I’m presuming that assertion is based on it simplifying the tax code. It won’t. The tax rate schedule is among the simplest part of computing tax. The complications in the tax code are in defining income. Those definitions comprise most of the more than 5 million words in the US tax code. The tax rate sections are a tiny piece. It can be simplified. But in many cases, simplifying it invites exploitation of loop holes.
March 28, 2010 at 9:36 AM #533220SK in CVParticipant[quote=Hobie]Then Brian you should be in favor of the ‘Fair Tax’ or other similar flat tax and the government should spend within its means.
This system would require a fraction of the government employees. Just think how much money would become available to ‘help’ others.[/quote]
I’m opposed to a flat tax, purely because of it’s regressiveness, but that aside, there’s no reason that it would result in any cost savings in administration. I’m presuming that assertion is based on it simplifying the tax code. It won’t. The tax rate schedule is among the simplest part of computing tax. The complications in the tax code are in defining income. Those definitions comprise most of the more than 5 million words in the US tax code. The tax rate sections are a tiny piece. It can be simplified. But in many cases, simplifying it invites exploitation of loop holes.
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