Lets Discuss Tax Reform Before Health Care Reform Please

So America, here we are debating health care reform again. Has anyone mentioned to those in Washington that there are millions of folks unemployed? Would quite a few of those people uninsured also be those unemployed? Perhaps if we get some sort of health care reform, those millions of people will suddenly become employed. I think not. Perhaps if we get some sort of health care reform the uninsured will become insured. I think not. Unless I am mistaken all of this has little effect except to draw money out of our paychecks until 2013. Can someone please rationally think of those consequences? If you suddenly begin to take more of my money to fund something I won’t use for 3 years, will that not be another serious blow to the economy? I cannot spend that which I don’t have. If I cannot spend, employers cannot expand therefore cannot hire. Does no one in Washington understand those basic principles?

I would like America to begin to analyze what your politicians say to you. Listen to what they offer. They always seem to hit someone with a stick while offering another a carrot. One party may say, “The rich don’t pay their fair share.” or “We should spread the wealth around.” or “Its time to level the playing field.” The other party may say ” No more freebies.” or “We can’t afford it.” or “Eliminate the giveaways.” Now let’s analyze what ALL of these statement have in common. Every one refers to money that was collected from taxes. Every statement refers to this money as being some sort of entitlement to someone. Let us understand. That money is yours. That money is mine. I have a problem with some overpaid politician offering my money in any fashion to anyone. Here’s an idea, let me have my money and I will disperse it as I see fit. I will invest it. I will purchase goods and services. I will fund my retirement. I will give to charity. I will do with it what I wish. After all, it is my money isn’t it.

Of course the argument would be “how can we fund the government?” I’m glad you asked. Its time to stop taking away from income period. You do not penalize someone for earning money. Why should someone earning $100k per year pay a larger percentage than someone earning $40K. Do they both not utilize the same federal services? Don’t they both share in the protection of the military? The only reason to tax them differently is so a politician can use that animosity to gain votes. If his constituency is on the lower earning spectrum, he can gain votes by “taxing the rich.” It is that simple. There is no other reason. We are America. Do you mean to tell me, we can’t come up with a better, simpler, more effective way to fund our nation than this? I argue we can.

I argue the fairest, easiest, most obvious method is a tax on money. Not a flat tax. Not a fair tax. Both of these methods once again penalize people for earning money. What if there was a tax on transactions? Every time you spent a dollar….a penny fell off. Every time the vendor paid his employee….1% fell off. Every time the stock trader did a transaction…..1% fell off. Basically, every time money moved from one entity to another….1% fell off. What would the result be? Based on a study done by University of Wisconsin Professor of Economics Edgar L. Fiege, the result is something in the neighborhood of $8 trillion! Automated Payments Transaction Tax. (read more)

Imagine what you could accomplish with your entire paycheck. If you are earning $1000 per week, you probably take home $750. How would you like to take home $990? ($1000 minus 1%) What happens then? What would you do with an extra $240 per week?

If we could eliminate the current system and replace it with this, we could fund our current government easily. If we freeze our government growth, this system could also eliminate our national debt in just 3 years! Imagine eliminating a $14 trillion dollar debt in 36 months! Its possible.

If you have come across this article, I ask you to please pass it on to your friends. Please pass it on to your representatives as well. Our time is short. The nation has a debt of nearly $16 trillion growing about $1 trillion per year now, and unfunded liabilities approaching $100 trillion. The time for action is now.

Skin Care – Why Do People Put Skin Care Before Health?

Did you know that it is a consumer statistic that people will spend 3 times more on how they look rather than how they feel? It’s true. You can actually Google it if you don’t believe me.

To give you a commercial example of this, during the Great Depression, sales numbers of everything were going down. People were holding on to every cent they could because jobs were scarce, consumer confidence was down the drain and sales were down across the board. I mean, you name it and it the sales were down; food, medications, newspapers, everything.

However, there was one product above all others that actually bucked the trend for consumer spending and they actually increased!

And what was this magic product that was able to defy the odds? Was it Bread? Was it Milk? Was it anti-depression medications? No. Oddly enough, bucking the trend in this was the sale of lipstick. That’s right, standard household lipstick! Lipstick sales actually went up. And not just a little bit, but they actually skyrocketed. Again, Google it if you don’t believe me; it was a phenomenon known as the Lipstick Index.

I’m not sure what this says to you, but what this says to me is that the statistic of people spending 3 times more on how they look than how they feel actually has some truth. Think about it, even though people were losing everything – their jobs, their houses, their income, their savings – they were pretty much willing to spend their last dollar on lipstick.

Any why? Because even though they were losing everything, they still wanted to look good, to appear as though they were still OK. People will spend more on how they look rather than on how they feel.

So what does this mean for consumers and businesses alike? Well, what it means if you are in the business of “making people look better” such as skin care or cosmetics companies and the like, that your business is virtually recession-proof!

As people, we consider things like supplements, medications (elective), nice clothes, we consider these as luxuries. If you have products that the consumer can see real benefit in, that gets consistent results for consumers and has good word of mouth, such as a good skin care product or cosmetics, then there will always be a market for your business to thrive, even when others are failing.

Obviously the company and the products need to be good quality as well and they need to carry definite quality and results, but the basic human need to look better than we actually feel is the fuel that fires the consumer spending.

Skin care companies that sell cosmetics products that can result in people looking better will stand the test of time far more than companies that are pushing healthy supplements or dietary remedies for example, and it all comes down to the fact that people would rather spend their last dollar on looking good than on feeling good.

Yours in Freedom

Sean Towner is a Health and Wellness professional with extensive experience in the Health and Wellness industry. Sean’s expertise is in Anti Aging products and techniques and he has mentored hundreds of people in the achieving of their Anti Aging goals.

Health Insurance for the Healthy

Health Insurance is a necessary form of insurance for any successful member of modern day society. Medical costs from a slip and fall or accident can bankrupt or at the least cause financial hardship to the average American. Without the protection of major medical insurance a broken wrist can easily cost upwards of $30,000. This leads to a difficult decision for healthy individuals, do I pay $300 – $400 monthly premium to protect myself in the unlikely event that I fall extremely ill or have an accident requiring a surgery? The answer to this question is a High deductible major medical insurance policy with an HSA or Health Savings Account. The HSA plans have three major advantages for healthy individuals, they are: excellent benefits with low regular monthly installments, tax-free attached savings account, and the ability to invest money saved in the Health savings account.

Health insurance plans have a typical structure where the higher the monthly premium the lower the initial out of pocket deductible is before health benefits begin. An example of this kind of major medical insurance is: Lauren a 40 year old mother has a $1,000 deductible with a monthly premium of $377. Lauren would spend $ 4,524 ($377 *12= $4,524) dollars a year on this coverage, this would be excellent health coverage for a young mother, but would turn out to be a waste of money if she were to remain healthy for a period of 10 years. Lauren would spend $45,240 on health insurance premiums over the ten year period.

HSA’s are structured to allow individuals to save on monthly premiums while still protecting clients from catastrophic financial losses associated with a severe illness or injury. HSA’s have a much higher deductible and also a significantly lower monthly premium. An example of an HSA health insurance policy is: Lauren has a similar health insurance policy with a $5,000 deductible health insurance policy for a monthly premium of $171. Lauren would spend $2052 a year on monthly premiums. If Lauren were to remain healthy for a period of 10 years she would spend $20,520 on monthly premiums. This represents a significant savings over a traditional health insurance policy.

The savings on the monthly premiums that is provided by a HSA compatible major medical insurance plan is designed to be deposited into a HSA account at a Bank of America or other financial institution. The money that is deposited into this sort of HSA account is tax deductible! In our previous example Lauren spent $45,240 on traditional health insurance premiums and $20,520 on HSA, high deductible health insurance account premiums. This is a savings of $24,720 over a 10 year period. The $2,472 of yearly savings is tax deductible on a yearly basis.

The HSA accounts that are issued through Aetna place their accounts at Bank of America. Bank of America has a policy that once a HSA has a balance of $1000 it can be invested in select mutual stock or bond funds. This is similar to the treatment regarding money that is saved in an Ira. This is a large advantage of a HSA account, the ability to invest money on a tax free basis that can be used to cover future medical expenses.

The ability for a Healthy person to save money on monthly premiums in a tax free environment is a significant advantage of high deductible health insurance policies. These HSA account were started in 2003 and are just beginning to gain popularity. Having an HSA is truly a viable way for an average American to take control of their health insurance and be able to self-insure while still having excellent coverage.

I am a retired school teacher who now lives in Florida. I work part time for an insurance agency here in Florida. My insurance agency specializes in Florida Life and Health Insurance. I enjoy writing and hopes to one day publish one of my short stories. I enjoy spending time with my grandchildren and helping out at the shady oaks retirement home. I also write for a Florida Medicare Supplemental Insurance web site in hopes to inform the elderly about Medigap Insurance.

Know the Terms of Health Insurance

Health insurance policies vary widely in terms of covered benefits, cost sharing, and other terms-so widely, in fact, it can be hard for consumers to tell how coverage works. Terms and definitions are not generally consistent across policies, even for the most basic and prominent features. This guide defines some of the most important features of insurance plans that consumers might try to compare.

Coinsurance: A percentage of allowed charges for covered care that consumers are required to pay. For example, the health insurance might pay 80 percent of covered charges leaving the patient to pay 20 percent coinsurance.

Co-pay: The co-pay is a flat dollar amount that the patient must pay per covered service. For example, a health plan might require a $15 co-pay for each generic prescription drug but a $25 co-pay for brand name prescription drugs.

Deductible: The annual deductible is an amount that patients must pay for covered care before health insurance reimbursement begins. However, insurers structure and apply deductibles differently. Under one policy, all covered care might be subject to a single, comprehensive deductible, whereas separate deductibles might apply for specific services such as hospitalization or prescription drugs. Under certain policies, some covered services-such as office visits-might be exempt from the deductible and patients might instead pay a co-pay. Under other policies, office visits might be subject first to the deductible; co-pays would then apply once the deductible is satisfied.

Exclusions: Exclusions refer to specifically listed items or services that a health insurance policy doesn’t cover. Covered benefits, exclusions, and limits vary as well. For example, most health insurance covers prescription drugs, but some policies exclude the benefit while others cap it, and cost sharing varies both across plans and by type of drug.

Out-of-pocket limit: The out-of-pocket, or OOP, limit generally signifies the maximum amount of cost-sharing patients will be required to pay for covered services in a year. As such, the OOP provides an overall indication of the financial protection health insurance will provide in a year. Yet, under many policies, the OOP does not limit all cost sharing. The annual deductible(s) might not be included in the OOP. Co-pays for some or all services also might continue even after the OOP has been satisfied for the year. The OOP usually limits coinsurance, although under some plans, even coinsurance for certain services, such as prescription drugs or mental health care, is not constrained by the OOP.