waldipup

Why Tax Credits for Health Insurance Won't Work

"To establish tax credits for health insurance requires the creation of a bureaucracy to assess and monitor health insurance plans--somebody has to decide purchase of which health insurance plans qualifies one for the tax credit, and which does not. Regulation via tax expenditures and a bureaucracy to define and monitor them is regulation--a point that eludes Perry Bacon Jr. His example of how McCain is for reducing regulation--well, that dog just won't hunt."

You gotta be kidding , right?

How desperate can you get to find a negative in McCain's tax credit plan?

First , there is some degree of regulation in everything , so this is where you figger it's the place to "draw the line"?

Second , deductions for health care expenses are already a deductible entity , and must be be "qualified" to deduct , so a theoretical standard for deducting health expense already exists , which can be tweaked to be applicable to credits as well.

Third , many employed people have some form of health care assistance through their job .

Those not employed (but not destitute) have very little options to defray health care expenses available to them.

Not only are tax credits a practical idea , but it is insane to not have them.

Employers providing health care expense assistance to employees get to deduct their cost , so it's a tax subsidized aid to the employees.

So - non employed people should not only get no break on health care taxwise , but in addition SUBSIDIZE the aid to the employed , via the general tax base "making up" the revenue lost from the employer deductions for health care to employees?

Maybe you could consider going back to the drawing board and
rewriting this article after re-evaluating your statements.