Obamacare: Trump asks Supreme Court to invalidate Affordable Care Act

Discussion in 'Current Events' started by Bowerbird, Jun 26, 2020.

  1. kreo

    kreo Well-Known Member

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    I am not an expert but I thought taxes are based on the profit.
    If company invested 10,000 and get 11,000 revenue the profit is $1000.
    Without health tax break there would be no profit.

    I have no interest to discuss anything with healthcare providers, since they are genuinely corrupt. They are lobbying the government to create shortage of medical services, in order to make profit.
    Access to Medicare for all age group will partially eliminate that shortage.
     
  2. Collateral Damage

    Collateral Damage Well-Known Member

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    I have no idea what companies or employers you may have worked for, or what level of math you are acquainted with, or where you are actually pulling your premise from (I have a clue, but PC prevents me from saying) but you are incorrect.

    If a company is offering health insurance in a Section 125 offering, and they only have a $1,000 'profit', they would likely not exist, or the are carrying over their loss for the next year. Tell me, what percentage of expense is health insurance to a company? You are aware of what the requirements of the PPACA are in regards to corporate entities, based on averaged employee levels? Do tell, what percentage of an hourly worker's pay was maximum for a health insurance deduction, for Employee Only coverage?

    Oh, and by the by, 'Profit' is not cash flow. May I recommend you study up on it before diving headfirst in a pool with no water again?
     
  3. kreo

    kreo Well-Known Member

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    If you can't explain it in simple words then you are trying to hide something.
    I do not care how the accounting plays out for the company.
    All I know is that employee pay roughly a half of the price and another half is covered by employer.
    Also I know that government allows company to reduce their earning to pay less taxes.
    That is it.
    It all comes down to one point - no one is paying a full price for the health insurance and that is why many people have perception that health insurance is affordable.
    Due to that perception they continue to support corrupt policies that prevent people from accessing guaranteed health insurance like Medicare.
     
    Last edited: Jul 10, 2020
  4. Collateral Damage

    Collateral Damage Well-Known Member

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    I have explained it in simple terms, multiple times. Apparently it isn't your thing, and that's fine, but your lack of understanding doesn't mean anything is being hidden, and you still don't understand how the health insurance being addressed as Section 125 (pre-tax) impacts a company's taxes.

    As to your distrust of medical practitioners, it seems a little conflicted when you show so much anger at the industry, yet demand unfettered access, through all things, the very entity you feel is corrupting the industry.

    I can't help you any more, obviously, so you'll have to meander your own way and wait for the day that either the rules to Medicare change, or you become eligible through the normal process.
     
  5. ronv

    ronv Well-Known Member

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    Are you saying health insurance costs are not deductible? Because if you are your just wrong and all the other questions don't mean squat.
     
  6. Collateral Damage

    Collateral Damage Well-Known Member

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    Not what I said at all, but please explain what you mean by 'deductible'.
     
  7. ronv

    ronv Well-Known Member

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    As in used to reduce your reported income.
     
  8. Collateral Damage

    Collateral Damage Well-Known Member

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  9. ptif219

    ptif219 Well-Known Member

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    The democrats and McCain blocked getting rid of Obamacare
     
  10. Pants

    Pants Well-Known Member

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    You keep saying the same thing, which doesn't answer my question. What was Trump's plan? He was asking for a plan to repeal and replace Obamacare. We know the repeal was blocked, but what was the replace plan? We heard all about it, as I mentioned in the very first post to which you responded. How it was going to be cheaper, better and cover pre-x. But I haven't actually SEEN what that plan was. Don't tell me he didn't have a replace plan ready for the repeal aspect....
     
  11. kreo

    kreo Well-Known Member

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    Yea, thank you for trying though.
    All you have tried to explain that company can be profitable without paying for employees insurance.
    It has nothing to do what I am talking about.
    I distrust medical professionals since they are gouging the cost of their services.
    I did not say anything about their medical skills.
    I do not know what we even talking about.

    The thing is that individual pays a half price. The other half is paid by employer.
    That is it. You are trying to tell me that it does not matter. That is not true, it does matter.
     
    Last edited: Jul 10, 2020
  12. Robert

    Robert Well-Known Member Past Donor

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    Not in America.
     
  13. ptif219

    ptif219 Well-Known Member

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    Why do you need a plan when the obstructionist democrats will never allow that to happen
     
  14. Observing

    Observing Well-Known Member

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    Of course I understand, I benefited from it for years.
     

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