10/12/2017

Dems Want To 'Save' ObamaCare By Closing All The Exits

Investor’s Business Daily

Health Reform: President Trump may have found an ingenious way to inject more choice and competition into the insurance market, and offer affordable coverage to millions, with the stroke of his pen. No wonder the left is freaking out.

According to multiple news accounts, Trump is expected to sign an executive order as early as this Thursday that, among other things, would make it easier to join "association health plans."

These plans let small businesses and individuals band together to buy large-group coverage, and like plans offered by multistate businesses, these association health plans would be exempt from state regulations, as well as from ObamaCare's burdensome mandates. They could also be sold across state lines.

Association health plans aren't a new concept. They exist today, but their ability to expand is severely limited by state and federal regulations. In theory, lifting some of these regulations would allow greater access to low-cost alternatives to overpriced, over-regulated ObamaCare plans.

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Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

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