Ron Paul's Private Option Health Care ActSubmitted by reedr3v on Sun, 05/30/2010 - 09:01
This bill is brilliant (no surprise coming from the good doctor.) Main points:
A. Provides all Americans with a tax credit for 100% of health care expenses. The tax credit is fully refundable against both income and payroll taxes;
B. Allows individuals to roll over unused amounts in cafeteria plans and Flexible Savings Accounts (FSA);
C. Provides a tax credit for premiums for high-deductible insurance policies connected with a Health Savings Accounts (HSAs) and allows seniors to use funds in HSAs to pay for medigap policies;
D. Repeals the 7.5% threshold for the deduction of medical expenses, thus making all medical expenses tax deductible.
Anyone find a video of his speech introducing this?