Suddenly Health Insurance Reform Is Not Affordable
As the lawmakers are focusing on health care reform the biggest obstacle to the reform seems to be not as much the public health insurance program, but rather who will pay for the health care reform? How to recover the cost of providing affordable health insurance.
Up to this date the American public knew that health insurance is not affordable for an estimated 46 million americans. Now we hear that health care reform is very costly and everyone is asking who or how to pay for an affordable health insurance reform.
Senator Max Baucus, a key player in the health care reform debate says to Bloomberg that things are moving forward bu there that there are no guarantees. "It's not ready until it's ready. It's more ready now, but it's not ready yet."
Today, the latest solution to get a movement in the House on the health insurance reform is to get a surtax on high income Americans. It would apply to individuals with adjusted gross income of more than $200,000 and couples over $250,000. It is estimated that this type of surtax will effect 2.4 percent of U.S. taxpayers. It will raise nearly $375 billion dollars in the next ten years, which will be used for making the cost of health care reform more affordable.
Let's see where the pain for paying the health insurance reform will be felt the most.
Connecticut, the hedge fund capital of the world, or what it used to be has the largest percentage of of taxpayers who will be heat by a surtax, is coming in at 4.7 percent. Next in line is the nation's capital D.C with 4.4 percent. Massachusetts and New Jersey each come with 4.00 percent. As for New York, it's mere 3.1 percent according to Bloomberg.
The current system while able to provide quick and quality health care is not working for millions of people. It is estimated that 46 to 50 million people in America are without health insurance coverage. These are families, children and individuals who cannot go out and buy health insurance on their own. Their salaries are a low making health care coverage even less affordable.
Written by Armen Hareyan