{"id":339,"date":"2017-03-07T13:57:02","date_gmt":"2017-03-07T18:57:02","guid":{"rendered":"http:\/\/rationalnationusa.com\/blog\/?p=339"},"modified":"2017-03-07T13:58:12","modified_gmt":"2017-03-07T18:58:12","slug":"health-insurance-company-ceos-would-gain-big-time-with-republican-health-care-plan","status":"publish","type":"post","link":"https:\/\/rationalnationusa.com\/blog\/archives\/339","title":{"rendered":"Health Insurance Company CEO’s Would Gain Big Time With Republican Health Care Plan…"},"content":{"rendered":"

It should come as no surprise the Republican Health Care Plan give insurance company CEO’s a sweet tax break. While at the same time imposing hardship <\/a>on many less fortunate members of society.<\/p>\n

WASHINGTON<\/strong><\/a> \u2014 The Republican plan to replace Obamacare includes a tax break for insurance company executives making over $500,000 per year.<\/p>\n

Companies can generally deduct employee salaries as a business expense but in 2013 the Affordable Care Act capped the deductions<\/span><\/u><\/a> on health insurance executive salaries at $500,000.<\/p>\n

The average compensation for top health insurance executives is in the millions<\/span><\/u><\/a>. In 2014 the left-leaning Institute for Policy Studies found that this cap generated $72 million<\/span><\/u><\/a> in additional tax revenue.<\/p>\n

But that cap is being eliminated in the new American Health Care Act unveiled Monday by Republicans. That means the more health insurance companies pay their executives the less they will pay in taxes.<\/p>\n

\u201cUnlike Obamacare, our legislation doesn\u2019t include policies that discriminate against specific industries,\u201d said a Republican aide.<\/p>\n

The policy is a win for the health insurance industry and arguably a surprising move for Republicans after they frequently condemned the industry in the Obamacare debates.<\/p>\n

\u201cThe insurance industry got us into this mess and I think they\u2019re going to have to pay the price for it,\u201d Rep. Raul Labrador said recently.<\/span><\/u><\/a><\/p>\n

Sen. John McCain said he didn\u2019t even want to hear the industry\u2019s proposals after they supported the Affordable Care Act. \u201cThey have no relevance to me. I don\u2019t want to hear from them,\u201d he said.<\/p>\n

In cases like Cigna CEO David Cordani or Aetna CEO Mark Bertolini, both of whom have hit annual remuneration of over $17 million<\/span><\/u><\/a>, the new tax savings on their salaries would be substantial.<\/p><\/blockquote>\n

We anxiously wait to see all the details of the republicans plan.<\/p>\n

Be sure to pay close attention because the republicans want to railroad the plan through in three short\u00a0weeks.<\/a><\/p>\n

Timothy Jost<\/span><\/u><\/a>\u00a0– In considering the Affordable Care Act<\/span><\/u><\/a> in 2009 and 2010, the House held 79 hearings over the course of a year, heard from 181 witnesses and accepted 121 amendments. The current House leadership hopes to get the repeal and replacement legislation through the House in three weeks. The Senate adopted the Affordable Care Act only after approximately 100 hearings, roundtables, walkthroughs and other meetings, and after 25 consecutive days in continuous session debating the bill. It is expected that the current House bill will go directly to the floor of the Senate for a vote. Whatever passes the Senate will return for a conference with the House, if it varies from the House bill, and then go to the President for his signature.<\/p>\n

Of course, there is no assurance that this process will go smoothly. Little or no help can be expected from the Democrats and there are signs of serious dissension within the Republicans. The Republicans hold only 52 votes in the Senate and cannot afford to lose more than two (assuming Vice President Pence casts a deciding vote), which is quite possible given the traditional independence of the Senate. But the legislation introduced in the committees give the clearest indication yet where the Republican Congress is headed.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

It should come as no surprise the Republican Health Care Plan give insurance company CEO’s a sweet tax break. While at the same time imposing hardship on many less fortunate members of society. WASHINGTON \u2014 The Republican plan to replace Obamacare includes a tax break for insurance company executives making over $500,000 per year. Companies … Continue reading Health Insurance Company CEO’s Would Gain Big Time With Republican Health Care Plan…<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,26],"tags":[],"class_list":["post-339","post","type-post","status-publish","format-standard","hentry","category-government","category-healthcare"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8ovtF-5t","jetpack-related-posts":[{"id":426,"url":"https:\/\/rationalnationusa.com\/blog\/archives\/426","url_meta":{"origin":339,"position":0},"title":"CBO Report On The Republican Health Care Plan Is Out. It Ain’t Pretty…","author":"Les","date":"March 13, 2017","format":false,"excerpt":"The CBO's numbers are in. Projected savings through 2016 are 337 billion dollars and the number of insured Americans\u00a0will decline \u00a0by 24 million souls. Premiums\u00a0are projected to be\u00a015 to 20 percent higher in the first year compared to the ACA. After 2026 premiums are projected to be \u00a010 percent lower\u2026","rel":"","context":"In "Healthcare"","block_context":{"text":"Healthcare","link":"https:\/\/rationalnationusa.com\/blog\/archives\/category\/healthcare"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":559,"url":"https:\/\/rationalnationusa.com\/blog\/archives\/559","url_meta":{"origin":339,"position":1},"title":"GOP and Health-Care Mandates","author":"Les","date":"March 31, 2017","format":false,"excerpt":"\u00a0 \u201cYou\u2019re just looking for a handout,\u201d mothers! Photo: Universal Pictures America's conservatives and republicans are interested in ideology and selfish interests. Not the he general welfare of the American people. They haven't been for the last 40 years. It's just becoming more pronounced. BTW, selfish interests are NOT the\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/rationalnationusa.com\/blog\/archives\/category\/politics"},"img":{"alt_text":"Image","src":"https:\/\/i0.wp.com\/pixel.nymag.com\/imgs\/daily\/intelligencer\/2017\/03\/31\/31-jeffrey-lebowski.w710.h473.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pixel.nymag.com\/imgs\/daily\/intelligencer\/2017\/03\/31\/31-jeffrey-lebowski.w710.h473.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/pixel.nymag.com\/imgs\/daily\/intelligencer\/2017\/03\/31\/31-jeffrey-lebowski.w710.h473.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":443,"url":"https:\/\/rationalnationusa.com\/blog\/archives\/443","url_meta":{"origin":339,"position":2},"title":"Trump Told To Dump Ryan And Embrace Universal Health Care By Close Friend…","author":"Les","date":"March 14, 2017","format":false,"excerpt":"Vox - A key Trump friend and ally is urging the president to dump Paul Ryan\u2019s Affordable Health Care Act and embrace something that sounds sort of like a lightweight version of a single-payer health care system. Christopher Ruddy, CEO of the conservative Newsmax brand, isn\u2019t normally considered a major\u2026","rel":"","context":"In "Government"","block_context":{"text":"Government","link":"https:\/\/rationalnationusa.com\/blog\/archives\/category\/government"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":367,"url":"https:\/\/rationalnationusa.com\/blog\/archives\/367","url_meta":{"origin":339,"position":3},"title":"Senator Rand Paul Supports Stand Alone Bill Repealing The ACA…","author":"Les","date":"March 8, 2017","format":false,"excerpt":"On this Kentucky Senator \u00a0Rand Paul\u00a0is just another libertarian dunderhead. Repeal without a replacement first\u00a0makes about as much sense as jumping out of an airplane without a parachute. Not that the republican establishment's replacement plan is a good one mind you. Rand Paul is not backing down. Hours after President\u2026","rel":"","context":"In "Healthcare"","block_context":{"text":"Healthcare","link":"https:\/\/rationalnationusa.com\/blog\/archives\/category\/healthcare"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":554,"url":"https:\/\/rationalnationusa.com\/blog\/archives\/554","url_meta":{"origin":339,"position":4},"title":"Right-Wing Conservative Boilerplate, Rep. Ken Buck (R-Colo.)","author":"Les","date":"March 30, 2017","format":false,"excerpt":"We know we shouldn't have, but, we just couldn't help responding to Rep. Ken Buck (R-Colo.) opinion piece in THE HILL. A Trump surrogate and highly partisan right-wing conservative his boilerplate made our\u00a0blood boil. Truth became stranger to republican party years ago and Trump and his surrogates have simply heightened\u2026","rel":"","context":"In "Government"","block_context":{"text":"Government","link":"https:\/\/rationalnationusa.com\/blog\/archives\/category\/government"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":394,"url":"https:\/\/rationalnationusa.com\/blog\/archives\/394","url_meta":{"origin":339,"position":5},"title":"Nancy Pelosi’s Letter To Speaker Ryan…","author":"Les","date":"March 10, 2017","format":false,"excerpt":"Following is a letter to Speaker of the House Paul Ryan from Democratic leader Nancy Pelosi.\u00a0 Questions she raises are reasonable and demand answers. With the GOP intent on railroading their replacement through the Congress and Senate calling your representatives and senators\u00a0to express your concern might be something you want\u2026","rel":"","context":"In "Government"","block_context":{"text":"Government","link":"https:\/\/rationalnationusa.com\/blog\/archives\/category\/government"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/posts\/339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/comments?post=339"}],"version-history":[{"count":2,"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/posts\/339\/revisions"}],"predecessor-version":[{"id":341,"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/posts\/339\/revisions\/341"}],"wp:attachment":[{"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/media?parent=339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/categories?post=339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rationalnationusa.com\/blog\/wp-json\/wp\/v2\/tags?post=339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}