It's based on Adjusted Gross Income (AGI), which is a taxpayer’s total income minus certain deductions. AGI includes income comes from wages, salaries, interest, dividends, retirement income, Social Security benefits, capital gains, etc., minus deductions.
Here's the breakdown which I forgot to link in my other post:
taxfoundation.org
I'm not sure about Telsa. We had electric cars before Tesla and Ford, etc. were already working towards it. Did Musk by placing such a big bet on electric vehicles speed up the timeline? That's an advance, but I guess I hesitate to call him a "but-for" cause of electric vehicle viability and that might be something that doesn't belong in a reasonable definition of "advancing civilization."
Uncle Mark, given our supply chain woes, you delivery guys deserve a government subsidy.
The ultra-wealthy don’t receive wages. Their taxable income comes from gains.
In general, spouses inheriting an IRA have the most leeway and can treat as their own and take the RMD over their life expectancy. So really if I die first my wife herself is not directly impacted. But the problem is snowballing for my kids.
Marvin, you left out some really important numbers...that donation was $416 million, not $4 million!Covering pre-existing is big, and difficult. The debates here as ACA was debated centered around the idea you cannot have a system where someone can call from the back of an ambulance to get their heart attack covered. They need to pay in before, and after.
ACA has problems. The entire system does. IU Health just gave a $4 million plus donation to IU Medicine. IU Health is "not for profit".
The same people who argue drug companies are ripping us off with vaccines refuse to believe the rest of the medical industry is. Single payer would give the people a hell of a lot (alot) of power in rates for services, medicine, everything. The power would shift from "you will pay what we want because we know you do not want to die (or whatever)".
I had to have a kidney stone blasted in January. The pre-insurance price was $24,000. My OOP with insurance was $5200. I was on the thing for 45 minutes, tops.
Now I could have elected to pass the thing and hope it passes, given it's size there was doubt. But anyone who has had stones knows that is not a good answer. But that amount seems absurd. I could hire both you and CO as attorneys for 45 minutes (barely) for my $5200. That doesn't include the amount my insurance paid.
But any attempt to discuss ways to improve this is totally stymied.
My bad, good thing they are not for profit.
www.insurancebusinessmag.com
I don't know enough whether this is true, but have heard the billing efficiencies gained through Medicare would be a huge savings for healthcare providers. No idea if true.As far as medical costs go,
“On average, a doctor spends anywhere from $68,000 to $85,000 a year (about 14% of total revenue, or almost one-third of a primary care physician’s salary) on billing and insurance company issues.”
Doctors spend more time filling insurance paperwork than caring for patients: Expert
Bureaucratic paperwork has led to an increase in physician burnout, expert says
That sounds reasonable. Basically one employee doing the billing. 14% of gross doesn’t sound out of line either.As far as medical costs go,
“On average, a doctor spends anywhere from $68,000 to $85,000 a year (about 14% of total revenue, or almost one-third of a primary care physician’s salary) on billing and insurance company issues.”
Doctors spend more time filling insurance paperwork than caring for patients: Expert
Bureaucratic paperwork has led to an increase in physician burnout, expert says
You have normal sophistry when you pretend healthcare insurance dictates healthcare costs and outcomes. A bunch of your fellow posters fell for your bullshit. Be proud.You have weird metrics for “better”. Obamacare has been an abject failure by every important metric.
US outspends on health care but has lower life expectancy
America has the highest suicide rate and the lowest life expectancy of wealthy nations.thehill.com
huh? I’ve always posted about the importance of better health over better health insurannce.
Texas two-step?
That's a tough one. I'd say just right to maybe too little. There's guys pulling $200k selling medical equipment with just a Bach from a directional school to doctors. Docs have years and years of tuition and lost income to recoup before they ever start making real money
200k is a set of steak knives, covfefe is for closers !
Who called goat a "moderate"?@TheOriginalHappyGoat if you still have any loans, no need to pay them any longer. Despite the highest GDP and wage growth rate in decades, borrowers don’t have to pay while Dems push for permanent forgiveness.
this is about as pathetic and disgusting as it gets, for a so-called “moderate”. I hope the fall is an even bigger onslaught.
Biden extends payment pause on federal student loans until September
President Joe Biden announced that federal student loan borrowers won't have to resume their payments until at least September.www.cnbc.com
If you have grandchildren then give them a big hug and kiss. Tell them you are grateful to them because this free money will be put on them.
www.npr.org
The stroke belt. Yikes that's awful. Moonpies and CalabashI have over the years linked a story about healthcare costs. Chattanooga, called "the buckle of the stroke belt" had the cheapest healthcare. Georgia (southeast or southwest) had the highest.
The reason was competition, Chattanooga had an unusually high number of unaffiliated doctors. That area of Georgia had one corporate provider.
Costs like this make it much harder for a an individual doctor or a small group to compete with the corporate.
Years ago I had a doctor whose group was in negotiation with Anthem. I asked him about it, he said it was a huge time suck meeting with Anthem, meeting with his group, going back to Anthem. They were dropped by Anthem for about a year. This was well before ACA, so much for "if you like your doctor, you can keep your doctor".
Here is that article I love.
The 10 Places Where Health Insurance Costs The Least
What sets these bargain markets apart? They tend to have robust competition among hospitals and doctors, allowing insurers to wrangle lower rates. Many of the best deals are to be had in Minnesota, where managed care has long held prices in check.
IF we had robust competition, maybe the competitive market would work. We do not, it isn't close, so IU Health has to explain a $400 million donation. If we do not have robust competition, and we do not, we need to have the thumb on the scale for the consumer because they are screwed.
Like your auto insurance you don't have?
So then why are we prolonging their “reasonless” lives? That’s the biggest part of the healthcare cost issue… funding Marks continuous health problems for the next 25 years.
He said he doesn't have to pay for insurance, he has to pay for auto. And and sone of that cost depends on how safe other drivers are in his area, not entirely how safe he is.
I see. I was just thinking the purpose between the two insurance types are different. Auto is to protect others from your fault while health is to protect yourself
The terms health care and Health insurance are scam words, that actually mean, to prolong the inevitable. Even people with single payer, "they get it so much better then those eff'ing pub's in the USA" still DIE.
