Uninformed American Enterprise Institute’s PHD Calls HSA Expert Ron Greiner a Liar!
This week AEI’s Dr. Joseph Antos called me a liar when I informed him of the size of Obamacare’s tax credits for 2018. I told Antos about Dr. Christopher Peter’s family’s subsidies in Iowa City if they earned $60,000 a year would be $55,000. PHD Antos insisted I was wrong and simply exaggerating. I was shocked and asked, “How can I exaggerate this family’s tax credit?” Antos replies, “The tax credits taper with higher incomes and are small at 400% of poverty. They taper.” I just rolled my eyes knowing I’m dealing with another monkey with a PHD. I’m used to that after dealing for years with Dr. Devon Herrick of the National Center of Policy Analysis (NCPA).
In the real world dealing with consumers you get 1st hand experience and a better grip on reality. We say Obamacare income-based tax credits ending at 400% of poverty is; The CLIFF. No one says Obamacare tax credits taper.
I told Dr. Antos that I enrolled the USA’s 1st HSA in 1996 but me being from the free market didn’t impress him in the least. I thought if PHD Antos wants exaggeration we should use the tax credits of a 64-year-old couple instead a young 58-year-old couple like Dr. Peters and his wife. As luck would have it I had just emailed that exact situation in Charlottesville, Virginia, instead of lower priced Iowa City and used an income of $116,000. So I just read the email to Dr. Antos which read:
“Here is some HSA MAGIC for you. A 64-year-old couple with 3 children in Charlottesville, VA (zip code 22901) earning $116,000 a year receives ZERO tax credits to purchase insurance. However, if this family deposits $1,000 into their tax-free HSA at the bank their Modified Adjusted Gross Income (MAGI) drops to $115,000 and now they get $6,438 per month ($77,255 per year)!! as a premium tax credit.”
Dr. Antos started screaming, “You’re a liar the tax credits taper. They taper.” Then he hung up on me. Of course I’m correct and Dr. Joseph Antos has no idea about the real world and he is a policy wonk for our uninformed politicians. Here is the bio on this monkey with a PHD:
–“Joseph Antos is the Wilson H. Taylor Resident Scholar in Health Care and Retirement Policy at the American Enterprise Institute (AEI), where his research focuses on the economics of health policy — including the Affordable Care Act, Medicare, the uninsured, and the overall reform of the health care system and its financing. He also studies the impact of health care expenditures on federal budget policy.
Before joining AEI, Antos was assistant director for health and human resources at the Congressional Budget Office (CBO). He has also held senior positions in the US Department of Health and Human Services, the Office of Management and Budget, and the President’s Council of Economic Advisers. He recently completed a seven-year term as health adviser to CBO, and two terms as a commissioner of the Maryland Health Services Cost Review Commission. In 2013, he was also named adjunct associate professor of emergency medicine at George Washington University.
Antos has a Ph.D. and an M.A. in economics from the University of Rochester and a B.A. in mathematics from Cornell University.”—
The AEI, CBO, HHS, Office of Management and Budget, and the President’s Council of Economic Advisers and has no idea about the real world. Here in the real world Dr. Joseph Antos owes me an apology for calling me a liar when I am exactly correct.
If you want to prove it to yourself here is a link: