Rick Young Insurance’s Blog

Universal Savings Accounts Could Improve Financial Planning

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Canada and Britain have implemented universal savings vehicles, which have been a roaring success in Canada and Britain, and both countries have recently expanded them. In Canada, the government’s new budget increased the annual contribution limit on Tax-Free Savings Accounts (TFSAs) from $5,500 to $10,000. In Britain, the annual contribution limit on Individual Savings Accounts (ISAs) was … More

Obamacare Failed to Provide Individuals with Access to Affordable Care

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One primary goal of the Affordable Care Act (ACA) was to expand access to affordable health care. In order to pay for the subsidies that have facilitated the expansion of health insurance coverage, many recipients of federal funds were forced to accept payment reductions. Hospitals were faced with cuts of $260 billion over ten years. … More

Obamacare Loss in King v. Burwell Could Cost States $721 Billion

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Next month, the Supreme Court will decide whether Obamacare enrollees in states that did not set up their own exchanges will continue to have access to federal subsidies. If the Court rules against the administration in the high-stakes case of King v. Burwell, an estimated 9.8 million people could become uninsured in states that rely … More

Could Private Exchanges Save Health Care?

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For many years, employers have struggled with providing health insurance to workers and their families. Competing for high-skilled workers typically requires offering fairly comprehensive benefits (valued at an average of $6,000 for an individual in 2014). Public-sector employers — state and municipalities — are often hemmed in by the old politics of powerful public-sector unions. … More

King v Burwell Decision Could Usher Obamacare Alternative

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Senator Ron Johnson (R-WI) has introduced the Preserving Freedom and Choice in Health Care bill, which he frames as a response to the Supreme Court deciding for the plaintiffs in King v Burwell.  This lawsuit seeks to force the administration to obey the law by not paying tax credits to health plans that operate in … More

Repealing Obamacare Will Take Some Convincing

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Can Obamacare still be repealed?  Well, that depends.  If the politicians will legislate according to the people’s preferences, Obamacare is a jump-ball.  A successful alternative reform would have to convince supporters of Obamacare that the potential reward is higher than the risks, says NCPA senior fellow John R. Graham. Here is what that would look … More

Obamacare Premiums up 23 Percent

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With enrollment data through February 22, the administration finally declared Obamacare’s second enrollment season closed and released its report on the results. (Although, people who have to pay Obamacare’s mandate/penalty/fine/tax as a result of information disclosed in their 2014 tax returns will have a special open enrollment in April). Obamacare supporters cheered the enrollment hit … More

The Veterans Independence Act: A Feasible Veterans’ Health Care Reform

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In 2011, Mitt Romney suggested that veterans’ health care should be privatized.  He was criticized by the usual suspects on the left and by the Veterans of Foreign Wars (VFW).  Then, last year’s Veterans Administration (VA) scandal compelled the nation to notice the VA’s brand of government-run medicine was far worse than previously imagined.   … More

Government Health Spending Growth Outstrips Private Sector Growth

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When the government gets involved in health care, what happens to spending?  At the NCPA Health Policy Blog, Senior Fellow Linda Gorman has analyzed public and private health care spending in the United Kingdom and The united States.  The results?   from 2000-2012, inflation-adjusted public spending on health care in the United Kingdom increased by … More

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