Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Royal Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 03-22-2010, 01:44 PM  
notorious notorious is offline
I Lay Wood for a Living
 
notorious's Avatar
 
Join Date: May 2005
Location: Who knows?
Casino cash: $11979
Hypothetical situation with Health Care

Under reformed healthcare, one can not be turned down for a pre-existing condition.

If a person chooses against paying the premiums, they will be forced to pay a 2.5% penalty.


What is stopping someone from paying the penalty, then buying health care when a health issue surfaces?
Posts: 31,359
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
  Reply With Quote
Old 03-22-2010, 01:48 PM   #2
bobbymitch bobbymitch is offline
Starter
 
bobbymitch's Avatar
 

Join Date: Feb 2002
Location: Livin' large at LOTO
Casino cash: $5839
Not a freakin thing. Ya wunna bet that there be a ton of people goin to figure this out?
Posts: 340
bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.
  Reply With Quote
Old 03-22-2010, 02:00 PM   #3
notorious notorious is offline
I Lay Wood for a Living
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $11979
Quote:
Originally Posted by bobbymitch View Post
Not a freakin thing. Ya wunna bet that there be a ton of people goin to figure this out?
I thought so, but I am still going to do a little more research to find out if my statement above is true (Not just Rush and Beck true).


On a side note, my wife works solely because she has the healthcare coverage for our family (I'm self-employed). When/if this thing starts in 2014, there is no reason for her to keep working. If she did work it would just increase our income, thus increasing our tax percentage into the upper range. In other words, IT IS BETTER THAT SHE DOESN"T CONTRIBUTE TO THE COUNTRY.


This is progress?
Posts: 31,359
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
  Reply With Quote
Old 03-22-2010, 02:04 PM   #4
bkkcoh bkkcoh is offline
MVP
 

Join Date: Aug 2000
Location: Lewis Center, Ohio USA
Casino cash: $5230
One of the main questions I have is:

If the insurance isn't attached to a job, does the company have to kick in some so the employee can pay for the insurance.

But isn't the company fined if they don't offer insurance to the employee?

To me, it would seem as if they are mutually exclusive.
__________________
Brian K.
Aspire to Inspire before you Expire
Posts: 5,237
bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.
  Reply With Quote
Old 03-22-2010, 02:09 PM   #5
bobbymitch bobbymitch is offline
Starter
 
bobbymitch's Avatar
 

Join Date: Feb 2002
Location: Livin' large at LOTO
Casino cash: $5839
Another issue yet to be raised, is that if you get your own health insurance, the companies could demand all of the yearly premium up front.
Posts: 340
bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.
  Reply With Quote
Old 03-22-2010, 02:11 PM   #6
King_Chief_Fan King_Chief_Fan is offline
Praise Him
 
King_Chief_Fan's Avatar
 

Join Date: Aug 2000
Location: St. Louis MO
Casino cash: $5935
Quote:
Originally Posted by bkkcoh View Post
One of the main questions I have is:

If the insurance isn't attached to a job, does the company have to kick in some so the employee can pay for the insurance.

But isn't the company fined if they don't offer insurance to the employee?

To me, it would seem as if they are mutually exclusive.
As your employer, I would prefer to pay the $750 fine for the year than spend a couple/few thousand to insure you. You can go buy it from the government.
Posts: 8,257
King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.King_Chief_Fan Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 03-22-2010, 02:32 PM   #7
CoMoChief CoMoChief is online now
The Revolution Has Begun
 
CoMoChief's Avatar
 

Join Date: Mar 2005
Location: KCMO
Casino cash: $6976
Quote:
Originally Posted by bkkcoh View Post
One of the main questions I have is:

If the insurance isn't attached to a job, does the company have to kick in some so the employee can pay for the insurance.

But isn't the company fined if they don't offer insurance to the employee?

To me, it would seem as if they are mutually exclusive.
Yes, but the fine is going to be cheaper for the company than your employer putting you/your family on their plan, so they drop you from their covg and have you get on the govt plan, if you don't get on the govt plan, then you pay the fine.

This HC bill is about control more than anything else.
Posts: 30,839
CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.
  Reply With Quote
Old 03-22-2010, 02:35 PM   #8
RaiderH8r RaiderH8r is offline
Now it's Willie Time!
 
RaiderH8r's Avatar
 

Join Date: Jun 2004
Location: Beating hippies
Casino cash: $6025
Quote:
Originally Posted by notorious View Post
Under reformed healthcare, one can not be turned down for a pre-existing condition.

If a person chooses against paying the premiums, they will be forced to pay a 2.5% penalty.


What is stopping someone from paying the penalty, then buying health care when a health issue surfaces?
I've been planning on this approach for quite some time. Pretty sweet deal really.
__________________
“You may think RaiderH8r is just a thinker. But I’m not just a thinker. I’m a doer. Every day I go out there, and rev that engine, fire it up, grab a hold of that line between speed and chaos, and wrestle it to the ground like a demon cobra. And when the fear rises up in my belly, I use it. Fear is powerful, because it’s been there for billions of years. And it is good. And I use it. And I ride it; I ride it like a skeleton horse through the gates of hell.”
Posts: 3,239
RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 03-22-2010, 02:36 PM   #9
jjjayb jjjayb is offline
Veteran
 
jjjayb's Avatar
 

Join Date: Sep 2003
Location: Back in K.C. baby!!!!
Casino cash: $6063
Maybe they'll do this with Life insurance companies next. Then I can stop paying for life insurance and wait until I get cancer.
Posts: 4,899
jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.jjjayb would the whole thing.
  Reply With Quote
Old 03-22-2010, 02:47 PM   #10
RaiderH8r RaiderH8r is offline
Now it's Willie Time!
 
RaiderH8r's Avatar
 

Join Date: Jun 2004
Location: Beating hippies
Casino cash: $6025
Quote:
Originally Posted by jjjayb View Post
Maybe they'll do this with Life insurance companies next. Then I can stop paying for life insurance and wait until I get cancer.
It would certainly be easier on me if that happened. However, I'd rather they did it with home owner's insurance. That way I can insure my house after the fire. That would REALLY help with the burden and all that shit.
__________________
“You may think RaiderH8r is just a thinker. But I’m not just a thinker. I’m a doer. Every day I go out there, and rev that engine, fire it up, grab a hold of that line between speed and chaos, and wrestle it to the ground like a demon cobra. And when the fear rises up in my belly, I use it. Fear is powerful, because it’s been there for billions of years. And it is good. And I use it. And I ride it; I ride it like a skeleton horse through the gates of hell.”
Posts: 3,239
RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.RaiderH8r Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 03-22-2010, 02:51 PM   #11
'Hamas' Jenkins 'Hamas' Jenkins is offline
Fire Gary Pinkel
 
'Hamas' Jenkins's Avatar
 

Join Date: Jan 2006
Casino cash: $10543
Quote:
Originally Posted by notorious View Post
I thought so, but I am still going to do a little more research to find out if my statement above is true (Not just Rush and Beck true).


On a side note, my wife works solely because she has the healthcare coverage for our family (I'm self-employed). When/if this thing starts in 2014, there is no reason for her to keep working. If she did work it would just increase our income, thus increasing our tax percentage into the upper range. In other words, IT IS BETTER THAT SHE DOESN"T CONTRIBUTE TO THE COUNTRY.


This is progress?
You don't know how a progressive taxation system works.

Here's a hint:

Say your wife knocks you up into the highest tax bracket. Only that income which is above that precipice is taxed at the highest amount.

You pay the same amount of tax on the first $5,000 you make as a McDonald's employee, and in fact, if you make 100k a year or more, you pay less in payroll taxes than he does.
__________________
Die, Steckel. Die.
Posts: 58,360
'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.
  Reply With Quote
Old 03-22-2010, 03:03 PM   #12
notorious notorious is offline
I Lay Wood for a Living
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $11979
Quote:
Originally Posted by 'Hamas' Jenkins View Post
You don't know how a progressive taxation system works.

Here's a hint:

Say your wife knocks you up into the highest tax bracket. Only that income which is above that precipice is taxed at the highest amount.

You pay the same amount of tax on the first $5,000 you make as a McDonald's employee, and in fact, if you make 100k a year or more, you pay less in payroll taxes than he does.

Unlike almost everyone on this board, I admit when I am wrong/right/not fully educated on the subject.


In other words Hamas, you are correct on the possibility that I am ignorant on the progressive tax system. You have helped me out in that respect.

Just to clear it up in an example form:


First 25K Tax = x %
Next 50K Tax = y % only on the 50,000 over $25,000.

Instead of a higher tax on all $75K, the higher rate would only apply to the 50K.

Thanks
Posts: 31,359
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
  Reply With Quote
Old 03-22-2010, 03:14 PM   #13
bobbymitch bobbymitch is offline
Starter
 
bobbymitch's Avatar
 

Join Date: Feb 2002
Location: Livin' large at LOTO
Casino cash: $5839
You may not be turned down for a pre-existing condition, however the insurance companies are real good for having complicated coverage clauses.

There is nothing in the bill from keeping insurance companies from denying coverage for a chronic condition. See http://www.nytimes.com/2010/03/21/op...21kristof.html

“Chronic means a medical condition which has at least one of the following characteristics: has no known cure; is likely to recur; requires palliative treatment; needs prolonged monitoring/ treatment; is permanent; requires specialist training/rehabilitation; is caused by changes to the body that cannot be reversed.”
Posts: 340
bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.bobbymitch is not part of the Right 53.
  Reply With Quote
Old 03-22-2010, 03:16 PM   #14
notorious notorious is offline
I Lay Wood for a Living
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $11979
Quote:
Originally Posted by bobbymitch View Post
You may not be turned down for a pre-existing condition, however the insurance companies are real good for having complicated coverage clauses.

There is nothing in the bill from keeping insurance companies from denying coverage for a chronic condition. See http://www.nytimes.com/2010/03/21/op...21kristof.html

“Chronic means a medical condition which has at least one of the following characteristics: has no known cure; is likely to recur; requires palliative treatment; needs prolonged monitoring/ treatment; is permanent; requires specialist training/rehabilitation; is caused by changes to the body that cannot be reversed.”
So pretty much everything that anyone can get.
Posts: 31,359
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
  Reply With Quote
Old 03-22-2010, 03:18 PM   #15
'Hamas' Jenkins 'Hamas' Jenkins is offline
Fire Gary Pinkel
 
'Hamas' Jenkins's Avatar
 

Join Date: Jan 2006
Casino cash: $10543
Quote:
Originally Posted by notorious View Post
Unlike almost everyone on this board, I admit when I am wrong/right/not fully educated on the subject.


In other words Hamas, you are correct on the possibility that I am ignorant on the progressive tax system. You have helped me out in that respect.

Just to clear it up in an example form:


First 25K Tax = x %
Next 50K Tax = y % only on the 50,000 over $25,000.

Instead of a higher tax on all $75K, the higher rate would only apply to the 50K.

Thanks
Correct.

So, let's say you make $50,001 a year and the levels increase at 25, 50, and 100.

All income from 0-25 is theoretically taxed at 5%
All income from 25,001-50,000 is taxed at 15%
All income from 50,001-100K is taxed at 25%

You would pay 5% of $25,000, 15% of $25,000 and 25% of $1

That makes your total tax burden

1250+3750+25 cents

For a total tax burden of $5,000.25.


A lot of people are under the false impression that your burden would be 25% of the entire $50,0001, which would be 12,500.25, over 2.5 times as large. That perpetuation of misinformation has allowed many, IMO, to vote for tax reductions for income brackets they will never be in while their taxes remain the same.


Meanwhile, say you make 200,000 a year and I make 80,000. All salary, no dividends, capital gains, etc.

For that income we are taxed on our payroll, but SS tax caps out around 95,000.

So for payroll taxes, I pay a higher percentage of my income than you do, even though I only make 40% of the money that you do (80k vs. 200).

From 95K (approximate) to 200, you pay no SS tax on your income.

What most people don't know is that 80% of Americans pay more in payroll taxes than income taxes, and yet the only tax cuts that are ever talked about are income taxes.

Why?

Because it benefits those with the most money.
__________________
Die, Steckel. Die.
Posts: 58,360
'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.'Hamas' Jenkins is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 07:07 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.