Thank you, Ed Gillespie, you win the prize which I have been saving for the person who brings up what my father always brings up whenever we get on the health care topic.
My plan begins by addressing an anachronistic aspect of the tax code that’s rooted in World War II wage and price controls. Those who get health insurance through their employer get a tax break, but those who purchase it on their own generally do not.
Most people don't know that this whole practice of paying for employees insurance came about as the result of employers not being allowed to pay people above a certain amount. No, we're not making this up.
The Emergency Stabilization Act was passed in October 1942, which placed wages and agricultural prices under control. There were immediate wage restrictions, and in order to attract labor, the employers offered a range of such fringe benefits as pensions, medical insurance, paid holidays, and vacations. Because the foregoing were not paid out in cash, they did not violate the wage ceiling. Controlling output proved easier than controlling wages.
And I can't say I dislike the tax credit numbers. My family would save $7,500.00 per year which would bring us down to pre-Obamacare premiums. Imagine that. Back to Eddie G., the man of the moment:
Obviously, enacting legislation along these lines will require a Republican president. That will be more likely if over the next two years the Republican majorities in Congress pave the intellectual way through hearings and committee reports for a positive Obamacare alternative that the Republican presidential nominee can take to the electorate.
Yes. Let's hope.