US Senate Requests HSA Stakeholders’ Recommendations
United States Senate
Senate Finance Committee Chairman Orrin Hatch
Insurance Processing Corporation (IPC) agency that enrolled the first tax-free MSA in 1996. – Ron Greiner Founder
Lee Benham and Associates – enrolled the first tax-free MSA in Medicare – Lee Benham Founder
Dr. Lee Hieb – Past President of Association of American Physicians and Surgeons (AAPS) the AAPS VS CLINTON stopped HillaryCare in the 1990’s.
Medical Underwriting for Individual Insurance will Create a Market Again
Obamacare is a nightmare. Blue Cross of Iowa is charging $27,000 a year for a 30-year-old State employee with one child. Then when the employee becomes too sick to work, say cancer, Obamacare rules allows the sick employee to be switched to Individual Medical (IM) insurance which makes the agricultural community (self-employed) premiums to skyrocket and Blue Cross gets out of paying for expensive cancer treatments. Blue Cross takes $27,000 in premium, year after year, then when the employee is too sick to work Obamacare allows Blue Cross to switch this liability to a different insurance company. This is the reason Medica and all other insurance companies will not sell in Iowa in 2018. Same with NE, SD, OK, Eastern TN. If we want 20 insurance companies for the consumer to choose from in the Individual Medical (IM) insurance market then medical underwriting will be required.
America’s oldest health insurance company will be in 40 States in a New York minute if medical underwriting comes back. Then we will have at least one insurance company in every State in 2018.
The “Family Glitch” Must be Removed from TrumpCare.
The Family Glitch is in Obamacare and it creates uninsured children. For example; In Tampa Pasco Schools charge teachers $1,213 a month to add a child and spouse to the School’s PPO insurance. Many teachers cannot afford this high cost so the family is uninsured. When the family goes to the Obamacare Marketplace they are “disqualified” for tax credits and must purchase expensive Guaranteed Issue plans with $7,150 deductibles with “after tax dollars.” Obamacare lets multi-millionaire CEOs to not pay taxes on their employer-based health insurance but poor Florida children must. Obamacare is not fair. Orlando Weekly reported that Florida hospitals will charge uninsured children 10 times more than an insured child. Being uninsured is dangerous. They reported that a simple stomach bug could cost $100,000 for someone uninsured.
The tax-free HSA Discrimination Must Stop.
The final legislation from the House removed the ability of the unused tax credit to be deposited into the consumers’ tax-free HSA. For example; A 30-year-old couple with 2 children will get $9,000 in age-based tax credits. In Florida this family will be able to purchase HSA Qualifying insurance that is medically underwritten for about $6,000. This means TrumpCare will pay 100% of the insurance premiums plus deposit $3,000 in the family’s tax-free HSA. In other states the tax credit would remain constant but the health insurance may be less expensive, like Utah. In Utah premiums are lower than Florida so the tax-free HSA deposits will be larger. In Florida the HSA deposits will be about $3,000 but in Utah the HSA deposits will be closer to $4,500. There is no reason to insist that the tax credits must be used to purchase low deductible insurance particularly when the consumer may have $50,000 HSA balances. It won’t take long to have a large HSA balance when the maximum deposits increase to $13,100 annually per family.
The Children Health Insurance Plan Should be Eliminated (S-CHIP)
When Hillary Clinton and Ira Magaziner assembled a health care brain trust to “reform” the existing system, they staffed it with many architects of the current system of corporate socialized medicine. As the Association of American Physicians and Surgeons (AAPS) discovered in a landmark lawsuit filed against the Clinton Administration (AAPS v. Clinton), the secretive health care task force was staffed with representatives from corporate managed care entities such as the Henry Kaiser Permanente and Robert Wood Johnson Foundations.
Typifying the relentless mendacity that has characterized Bill Clinton’s Administration, Hillary and Magazines insisted that since the task force was composed of federal government employees, it did not have to make its deliberations open to the public under the Federal Advisory Committee Act. However, documents wrested from the Administration through the AAPS lawsuit disclosed that at least half of the task force’s members were representatives of government-favored corporate entities.
The 1997 Balanced Budget bill included $24 billion for “KidCare,” through which was enacted another significant portion of the rejected HillaryCare plan. Hailed by statist commentators in both the lay press and specialized medical journals as the largest federal health care initiative since the enactment of Medicare and Medicaid in 1965, KidCare purportedly extended insurance coverage to “millions of uninsured children.”
As Paul Bedard of the Washington Times reported, KidCare “was to be the ‘precursor’ to universal health care sought by First Lady Hillary Rodham Clinton in a secret White House fallback plan prepared in April 1993” Internal Administration documents have revealed that Hillary’s Health Care Task Force “plotted to push a ‘kids first’ insurance program as the start of a universal health care program if Mrs. Clinton’s grander effort failed, as it did.” The KidCare program enacted with bipartisan support, reported the Times, is a “duplicate” of the original White House stopgap measure.
According to a statement issued by the First Lady on April 20th, KidCare – which was re-christened the Children’s Health Insurance Plan (CHIP) after it was inserted into the Balanced Budget agreement (for implementation by the states) – enrolled about 1,000,000 children in 1998. Mrs. Clinton boasted that the program “enables states to insure children from working families with incomes too high to qualify for Medicaid through non-Medicaid state programs, Medicaid expansions, or a combination of both programs.” What Mrs. Clinton did not point out was that the program is intended to help “fill in the gaps” in federal control over our health care system.
Overdose of Socialism
Sen. Orrin G. Hatch (Utah), top Republican on the Finance Committee, teamed up with Rockefeller to pass CHIP initially and has been a top proponent for it ever since.” That just goes to prove Hatch is clueless about keeping children safe. Just ask yourself this ONE question, Senator Hatch, “Is it smart to put millions of children on health insurance that they AUTOMATICALLY lose on their 19th birthday regardless if they have just fought off cancer like my 18-year-old nephew Nick?” Let me answer that for you Orrin – NO, NO, NO – it’s STUPID!
Reality IS WHAT IT IS.
Dr. Tom Price of HHS could rescind the “unconstitutional” ban on Short Term Medical (STM) insurance now and give American consumers additional low-cost insurance options but he hasn’t done it. America cannot be regulated out of Washington DC. We should strive for free and open markets with competition and consumer choice.
Sent 05/23/2017 1:15 EST
I respectfully request and encourage you or your organization to submit comments and recommendations via email to HealthReform@Finance.senate.gov no later than May 23rd, 2017.”