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Healthcare Reform
1. Pros
Coverage for everyone
Government plan established for those
unable to get employee coverage
Increase in Revenue with taxation of higher
bracket americans and tax breaks because
healthcare taxation is not capped.
Reimbursements that could save healthcare
cost down the line
2. Cons
Raising taxes on higher individuals could
increase taxes on the middle class and
increase the deficit
Too much Government Control
A socialist type healthcare
There is some good but many analysts do not
see how it can be affordable.
Editor's Notes
“ Taxing “Cadillac” employer-based health coverage, in particular, could do serious unintentional harm,” said Merrill Goozner, a journalist and author of the 2004 book the $800 Million Pill: The Truth behind the Cost of New Drugs. “While some employer insurance plans are expensive because they offer overly generous benefits, most plans that would be taxed have high premiums because the firms are located in high health-care-cost regions or because they employ older or unhealthier people,” said Goozner. “ Although the president claims he can finance” universal coverage “by raising taxes only on high-income individuals … tax experts know that this won't work,” said Harvard University professor of economics Martin Feldstein. “Raising the top income-tax rate from 35 percent today to more than 45 percent — the effect of adding the proposed health [tax] to the increase resulting from letting the Bush tax cuts expire for high-income taxpayers — would change the behavior of high-income individuals in ways that would shrink their taxable incomes and therefore produce less revenue,” he said That would lead to larger deficits and, eventually, “higher taxes on the middle class”(Feildstein)
