Obamacare

[Clodfobble]

Originally Posted by Happy Monkey

You don't have to; if your total medical expenses (including dental) are over 10% of your AGI, you can deduct all of them (minus any that you used HSA for, if you have one).

This is incorrect. We've deducted between $17,000 and $40,000 in medical costs every single year since 2009. You get to deduct only the amount over 10% (used to be 7.5% a couple years back,) not all of it.

This is not to say I'm opposed to ACA, in that I think these premiums were already on a path to rise in exactly this same way, because premiums and costs have both been skyrocketing long before Obama got into office, and also because I believe in my heart the whole point of going through with ACA after the Republicans killed single payer was to make things worse and get people onto the concept of single payer after all.

[classicman]

Originally Posted by Clodfobble

I believe in my heart the whole point of going through with ACA was to make things worse and get people onto the concept of single payer after all.

I agree.

[Beest]

Originally Posted by Clodfobble

This is not to say I'm opposed to ACA, in that I think these premiums were already on a path to rise in exactly this same way, because premiums and costs have both been skyrocketing long before Obama got into office, and also because I believe in my heart the whole point of going through with ACA after the Republicans killed single payer was to make things worse and get people onto the concept of single payer after all.

Pre ACA my insurance PPO with BCBS, through my Fortune 500 employer was going up 20% each year, with declining benefits, higher co pays and calendar year minimums.

Since ACA its been 3-4%.

I believe something had to be done, ACA isn't what anybody wanted but it's all they could get done, intended to be fixed later to a better system

[Spexxvet]

Don't forget that ACA is very similar to one of the repubican plans which was proposed to counter Hillary's plan in 1993