Solution To The “Obamacare” Fiasco?

more+
less-

One of the main complaints about the Affordable Care Act, or Obamacare is it is bad for business.  The cost of requiring health insurance is just too high, and will lead to businesses either 1) shutting down or 2) never starting in the first place.

This is obviously a gross simplification.  But every business struggles with health care.

http://www.texastaxtalk.com/files/2013/10/o-TED-CRUZ-OBAMACARE-facebook.jpg

So why not eliminate it as an a issue for businesses?  Here is a possible solution:

1) No longer allow a deduction for businesses for healthcare related premiums.  The point is to eliminate employer provided healthcare coverage.

2) Instead offer an above-the-line deduction for each taxpayer for their premiums.  Employers could pay their employees all or part of the extra money they are saving.

This gives individuals much greater choice in the marketplace and reduces the burden to employers.

So like Texas Senator Ted Cruz says, “Restore freedom to the people.” Let the people choose their healthcare and give them a deduction for the premiums.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Gray Reed & McGraw, P.C. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×