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Tag: Medicaid

Un calculadora con facturas médicas y formularios de impuestos cerca.
Society

One lesser-known way in which the tax code subsidizes healthcare spending

The tax code allows for a detailed medical deduction (IMD) that subtracts certain medical expenses from taxable income; however, it currently benefits a small fraction of the population. Reforming the IMD could expand its reach, but lawmakers must consider other options to address the financial risks of health decline. The IMD has been modified since 1942 and still represents a significant portion of medical spending. It is more beneficial for taxpayers over 65 years old.

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Los gráficos muestran una disminución en las personas aseguradas y ahorros federales.
Society

How would the removal of the $0 deductibles affect insurance coverage?

The Congress increased the generosity of the tax credit for premiums in 2021, but it is debated to extend it beyond its expiration in 2025. If the $0 premium credit is eliminated, it is estimated that 3.8 million would lose coverage, saving the government $35 billion annually. Lawmakers consider keeping the enhanced credits but with a minimum premium to avoid $0 premiums, it would affect 430,000 people and reduce federal costs by $3 billion. Research indicates that requiring even a minimum premium significantly affects insurance enrollment.

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Mapa de estados de EE.UU. con datos de devolución de inflación y capital.
Society

Maximizing the Impact of Prescription Drug Inflation Rebates

Federal lawmakers use inflation rebates to lower drug prices, forcing pharmaceutical companies to pay when prices rise faster than inflation. These rebates do not apply to drugs sold to patients with commercial insurance, but states could impose their own requirements to fill this gap, avoiding legal challenges.

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Edificio de hospital rural con datos económicos y de ubicación exhibidos.
Globalization

Energizing Communities: Tyler Malone on the Vital Role of Rural Hospitals

On the Reimagine Rural podcast, Tony Pipa and Tyler Malone in Ord, Nebraska, discuss the importance of rural hospitals for community development and health. Malone highlights their essential role in the local economy and well-being, and the adverse effects of their closure. Financing models, such as Critical Access Hospitals, and the influence of federal policies are addressed. The need for diverse funding sources for hospital construction and equipment is also emphasized.

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