Been picking up the mower before the storm shuts me in. I posted the expenses and how the healthcare plan would be paid for in a previous post. Here is another explanation with how it will be paid for.
From 1960's to 1980 minimum wage was equal for a family of 3 to live in poverty. It barely is enough for one to live in poverty today. I just can't understand why others are against others having healthcare. Even when I was in high school the grocery store I worked for had healthcare for me. I even had dental. Paid holidays, double pay on Sunday's and triple pay on holidays including my birthday. I certainly cannot be the only one who remembers this. This was in the 50's. I want EVERYONE to have the same opportunity. When the wealthy are paying 1/3 of the taxes they were at that time I only see them buying more homes, and taking benefits and wages away. It has been proven that when the wealthy have higher taxes they invest in their company or business and do not buy bigger boats, planes and more houses. The Cost Of Subsidies
But the authors of the Affordable Care Act didn't want the subsidies to become a drain on the Treasury and add to the deficits. So they included provisions designed to offset the cost of the subsidies.
MIT economist Jonathan Gruber
, who helped develop the law, says about half the costs are offset by projected savings in Medicare payments to insurers and hospitals. Another quarter is offset by added taxes on medical-device makers and drug companies.
"The other source of revenue is a tax increase on the wealthiest Americans," he says. "Those families with incomes above $250,000 a year will now have to pay more in Medicare payroll taxes."
Those provisions actually make the bill a net positive for the federal budget, "actually lower the deficit by about $100 billion over the next decade and by $1 trillion in the decade after."