The 60 Second Update with
Congressman Paul Ryan
1. How would
the Patients' Choice Act restructure healthcare in
The Patients’ Choice Act represents a fiscally-responsible, patient-centered health care reform alternative to the Majority’s Washington-centered overhaul. It begins not with an attempt to destroy the excellence found in most of our country’s medical care, but rather focuses on what’s broken.
This legislation (H.R. 2520)
transforms health care in
From all ends of the political spectrum, you’d be hard-pressed to find an economist that would defend the current tax treatment of health care. Jason Furman, President Obama’s deputy economic advisor, has written, “Replacing the current tax preference for insurance with an income-related, refundable tax credit has the potential to expand coverage and reduce inefficient spending at no net federal cost.” The current health care tax exclusion discriminates against millions of Americans and helps inflate the costs of health care. Those in the highest tax brackets and those with the most generous insurance plans receive the largest tax benefits. If you are self-employed, unemployed, or don’t get your coverage from your employer, the current tax code gives you nothing.
The Patients’ Choice Act would equalize the tax treatment of health benefits and provide all Americans with an advanceable, refundable tax credit to purchase quality, affordable health insurance. The tax treatment of health care was poisoned with election year campaign politics and has been ‘taken off the table’, but it is a reform that we must revisit.
Congressman Ryan is the Ranking Member of the House Budget Committee and is a
senior member of the House Ways and Means Committee. He represents the 1st
District of Wisconsin. He is also the author of the comprehensive legislative
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