Is there universal health insurance coverage with premiums people could afford?
With millions of Americans losing their jobs and their employer-provided health insurance as well, it is a good time to ask is how our current system is doing and is there a better way to subsidize private health insurance. Currently employer-provided coverage escapes income and payroll taxes – a generous subsidy – but it is a highly regressive form of subsidy. Unlike the subsidies in the workplace, Obamacare subsidies lower buyers’ premiums and in some cases their out-of-pocket costs, this system is highly progressive. In John Goodman’s article for Forbes, he writes about two alternatives with the goal of universal coverage at premiums people could afford. Read Mr. Goodman’s article here…
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