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  1. #14
    BamaNation Hall of Fame Chukker Veteran's Avatar
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    Re: ACA holding...

    I'm 64, semi-retired. I collect rents for an income, and have qualified for tax credits through the ACA for several years, it has been great for me. This year, a storm blew a neighbor's tree onto one of my rental units, demolishing the duplex. I am now without that income it was bringing.

    The insurance company paid me what it was covered for, which my accountant then said put me over the income limit to receive any tax credits. The insurance company insisted insurance claims were not taxed as regular income, and would not jeopardize my health insurance coverage, but my accountant disagreed.

    My monthly payment went from $245 to $1295, and I will be expected to reimburse the difference this spring for any payments made at the reduced rate over the year. A $13,000 swing.

    The ACA now tells me I made a mistake reporting the insurance payout as income, and should appeal it. My next question, if my appeal goes my way, will it be reversed when the taxes are filed? I know that question seems insane but it's actually relevant in my situation. So I try to clarify with the IRS, and am told they won't address that question until next year, in January.

    The one thing that is clear to me...with the ACA marketplace assistance my monthly premiums were $245 per month. Without, $1295. All my Republican "friends" voted to end the ACA, which would have cost me an additional $13,000 per year for my 63rd and 64th year before becoming eligible for Medicare. That's a $26,000 total they wanted me pay because of nonsense they heard on Fox news.

    The ACA is a flawed system, I hope the GOP continues to pay a price for trying to tear it down rather that improve it. The evangelical support for Trump and his desire to strip health care from so many millions is something I will never understand.

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  3. #15
    BamaNation Hall of Fame 92tide's Avatar
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    Re: ACA holding...

    Quote Originally Posted by CharminTide View Post
    It's been discussed for many, many years. The ACA didn't touch healthcare prices, it just shifted costs from consumers to the government and insurers. The GOP plans also won't touch prices; they'll just shift costs back to consumers.

    The solution is to have a central body negotiate prices with hospitals and drug manufacturers rather than our current, absurd system of regionalized insurer negotiations. That's how every other advanced country handles it, and that's why an MRI costs twice as much here as in Switzerland, and common cancer drugs like Avastin cost 10x more in the US than in the UK. Our current healthcare market is already divided, which makes it easy to conquer. And that's exactly what they've done.

    But the solution is basically government-run healthcare (at least in part), which many people (mostly Republicans) have been conditioned to fear. So to be frank, folks need to either embrace the solution or stop complaining.
    if you are sick enough to need healthcare, that should incentivize you to work harder so you can afford it
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  4. #16
    BamaNation Hall of Fame 92tide's Avatar
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    Re: ACA holding...

    Quote Originally Posted by Chukker Veteran View Post
    I'm 64, semi-retired. I collect rents for an income, and have qualified for tax credits through the ACA for several years, it has been great for me. This year, a storm blew a neighbor's tree onto one of my rental units, demolishing the duplex. I am now without that income it was bringing.

    The insurance company paid me what it was covered for, which my accountant then said put me over the income limit to receive any tax credits. The insurance company insisted insurance claims were not taxed as regular income, and would not jeopardize my health insurance coverage, but my accountant disagreed.

    My monthly payment went from $245 to $1295, and I will be expected to reimburse the difference this spring for any payments made at the reduced rate over the year. A $13,000 swing.

    The ACA now tells me I made a mistake reporting the insurance payout as income, and should appeal it. My next question, if my appeal goes my way, will it be reversed when the taxes are filed? I know that question seems insane but it's actually relevant in my situation. So I try to clarify with the IRS, and am told they won't address that question until next year, in January.

    The one thing that is clear to me...with the ACA marketplace assistance my monthly premiums were $245 per month. Without, $1295. All my Republican "friends" voted to end the ACA, which would have cost me an additional $13,000 per year for my 63rd and 64th year before becoming eligible for Medicare. That's a $26,000 total they wanted me pay because of nonsense they heard on Fox news.

    The ACA is a flawed system, I hope the GOP continues to pay a price for trying to tear it down rather that improve it. The evangelical support for Trump and his desire to strip health care from so many millions is something I will never understand.
    the cruelty is part of the appeal.
    The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

    - George Orwell

    If they can get you asking the wrong questions, they donít have to worry about the answers.

    ó Thomas Pynchon

  5. #17
    BamaNation Hall of Fame CharminTide's Avatar
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    Re: ACA holding...

    Quote Originally Posted by 92tide View Post
    if you are sick enough to need healthcare, that should incentivize you to work harder so you can afford it

  6. #18
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    Re: ACA holding...

    Quote Originally Posted by 92tide View Post
    if you are sick enough to need healthcare, that should incentivize you to work harder so you can afford it
    Healthcare is only for the rich...the rest of us urchins should just die. You know that.

  7. #19
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    Re: ACA holding...

    Quote Originally Posted by 92tide View Post
    the cruelty is part of the appeal.
    It's sort of like the Spanish Inquisition...if you survive the illness, you are sealed. If you die, straight to hell for you.

  8. #20
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    Re: ACA holding...

    Quote Originally Posted by Chukker Veteran View Post
    I'm 64, semi-retired. I collect rents for an income, and have qualified for tax credits through the ACA for several years, it has been great for me. This year, a storm blew a neighbor's tree onto one of my rental units, demolishing the duplex. I am now without that income it was bringing.

    The insurance company paid me what it was covered for, which my accountant then said put me over the income limit to receive any tax credits. The insurance company insisted insurance claims were not taxed as regular income, and would not jeopardize my health insurance coverage, but my accountant disagreed.

    My monthly payment went from $245 to $1295, and I will be expected to reimburse the difference this spring for any payments made at the reduced rate over the year. A $13,000 swing.

    The ACA now tells me I made a mistake reporting the insurance payout as income, and should appeal it. My next question, if my appeal goes my way, will it be reversed when the taxes are filed? I know that question seems insane but it's actually relevant in my situation. So I try to clarify with the IRS, and am told they won't address that question until next year, in January.

    The one thing that is clear to me...with the ACA marketplace assistance my monthly premiums were $245 per month. Without, $1295. All my Republican "friends" voted to end the ACA, which would have cost me an additional $13,000 per year for my 63rd and 64th year before becoming eligible for Medicare. That's a $26,000 total they wanted me pay because of nonsense they heard on Fox news.

    The ACA is a flawed system, I hope the GOP continues to pay a price for trying to tear it down rather that improve it. The evangelical support for Trump and his desire to strip health care from so many millions is something I will never understand.
    Yes, if you qualified for the credits, the ACA was great. Problem is that most middle class folks don't qualify for the credits. My premiums doubled during the fist year of the ACA through my employer insurance program. The open market was even more expensive because I didn't qualify for the credits. So, from my point of view, the ACA sucks.

    I do agree that support for Trump and the stripping of heath care by his base is odd because, their are probably plenty of them benefiting from the ACA credits.

    I have no clue what would fix health care in this country. I like reading well thought out post from people offering ideas. When Obama was pushing the ACA, I was 100% against government run health care but, I think I'm now leaning more towards that because nothing else has worked. All I know is that the insurance companies need to go away because they are the ones ruining the system. The only reason hospitals charge tens of thousands of dollars for a multi-day stay is because of the insurance companies.

  9. #21
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    Re: ACA holding...

    Quote Originally Posted by CrimsonNagus View Post
    Yes, if you qualified for the credits, the ACA was great. Problem is that most middle class folks don't qualify for the credits. My premiums doubled during the fist year of the ACA through my employer insurance program. The open market was even more expensive because I didn't qualify for the credits. So, from my point of view, the ACA sucks.

    I do agree that support for Trump and the stripping of heath care by his base is odd because, their are probably plenty of them benefiting from the ACA credits.

    I have no clue what would fix health care in this country. I like reading well thought out post from people offering ideas. When Obama was pushing the ACA, I was 100% against government run health care but, I think I'm now leaning more towards that because nothing else has worked. All I know is that the insurance companies need to go away because they are the ones ruining the system. The only reason hospitals charge tens of thousands of dollars for a multi-day stay is because of the insurance companies.
    And the unfortunate thing about getting rid of the insurance companies is the moment the hospitals/doctors cannot make the type money they are currently making. Then the highly qualified doctors, surgeons and other specialists leave the industry. The ability to make a lot of money attracts highly qualified people. When that money goes away the highly qualified people do to. Which means your level of care does to. Also, the companies who do research and development that provide the medicines to treat you also begin to disappear. It's not as simple as "just get rid of the insurance companies and everything will be fixed".
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  10. #22
    Senior Administrator TIDE-HSV's Avatar
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    Re: ACA holding...

    Quote Originally Posted by Chukker Veteran View Post
    I'm 64, semi-retired. I collect rents for an income, and have qualified for tax credits through the ACA for several years, it has been great for me. This year, a storm blew a neighbor's tree onto one of my rental units, demolishing the duplex. I am now without that income it was bringing.

    The insurance company paid me what it was covered for, which my accountant then said put me over the income limit to receive any tax credits. The insurance company insisted insurance claims were not taxed as regular income, and would not jeopardize my health insurance coverage, but my accountant disagreed.

    My monthly payment went from $245 to $1295, and I will be expected to reimburse the difference this spring for any payments made at the reduced rate over the year. A $13,000 swing.

    The ACA now tells me I made a mistake reporting the insurance payout as income, and should appeal it. My next question, if my appeal goes my way, will it be reversed when the taxes are filed? I know that question seems insane but it's actually relevant in my situation. So I try to clarify with the IRS, and am told they won't address that question until next year, in January.

    The one thing that is clear to me...with the ACA marketplace assistance my monthly premiums were $245 per month. Without, $1295. All my Republican "friends" voted to end the ACA, which would have cost me an additional $13,000 per year for my 63rd and 64th year before becoming eligible for Medicare. That's a $26,000 total they wanted me pay because of nonsense they heard on Fox news.

    The ACA is a flawed system, I hope the GOP continues to pay a price for trying to tear it down rather that improve it. The evangelical support for Trump and his desire to strip health care from so many millions is something I will never understand.
    Did you reinvest the proceeds?
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  11. #23
    BamaNation Hall of Fame Chukker Veteran's Avatar
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    Re: ACA holding...

    Quote Originally Posted by TIDE-HSV View Post
    Did you reinvest the proceeds?
    I understand I have that option. Thanks.

  12. #24
    BamaNation Hall of Fame Chukker Veteran's Avatar
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    Re: ACA holding...

    Quote Originally Posted by CrimsonNagus View Post
    Yes, if you qualified for the credits, the ACA was great. Problem is that most middle class folks don't qualify for the credits. My premiums doubled during the fist year of the ACA through my employer insurance program. The open market was even more expensive because I didn't qualify for the credits. So, from my point of view, the ACA sucks.
    One of the tactics the GOP has used to weaken the ACA has actually increased the premiums for those that didn't qualify for the tax credits.

  13. #25
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    Re: ACA holding...

    Quote Originally Posted by Bamabuzzard View Post
    And the unfortunate thing about getting rid of the insurance companies is the moment the hospitals/doctors cannot make the type money they are currently making. Then the highly qualified doctors, surgeons and other specialists leave the industry. The ability to make a lot of money attracts highly qualified people. When that money goes away the highly qualified people do to. Which means your level of care does to. Also, the companies who do research and development that provide the medicines to treat you also begin to disappear. It's not as simple as "just get rid of the insurance companies and everything will be fixed".
    Anyone - and I mean ANYONE - who is a doctor making 250-300 thousand a year and is suddenly told they wonít make but 150-200 thou a year, and decides to build houses wasnít a doctor to begin with; doctors care about healing the sick (you know, the ďOathĒ and all that) and itís patently obvious anyone who does what you suggest cares about the money and not the sick
    Of course, I donít know if my numbers are right - do you have any numbers that arenít simply wags? I donít think anybody does. But doctors and healthcare professionals should care about ďcareĒ first; if they donít they are in the wrong profession to begin with.
    Itís like spending money to slow down or halt climate change, or even repair our infrastructure - some people value money over the quality of their own existence. And thatís just sad.


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  14. #26
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    Re: ACA holding...

    Quote Originally Posted by Displaced Bama Fan View Post
    It's sort of like the Spanish Inquisition...if you survive the illness, you are sealed. If you die, straight to hell for you.
    NOBODY expects the Spanish Inquisition! Our chief weapon is surprise...surprise and fear...fear and surprise.... Our two weapons are fear and surprise...and ruthless efficiency.... Our *three* weapons are fear, surprise, and ruthless efficiency...and an almost fanatical devotion to the Pope.... Our *four*...no... *Amongst* our weapons.... Amongst our weaponry...are such elements as fear, surprise.... I'll come in again.

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