Giuliani Proposes Health Insurance Tax Breaks

Playing to his republican base, Giuliani plans to propose tax breaks for those who buy coverage on their own. His expectations are that his plan would more than double the number of people buying their own healthcare coverage.

Playing to his republican base, Giuliani plans to propose tax breaks for those who buy coverage on their own.  His expectations are that his plan would more than double the number of people buying their own healthcare coverage. 

Over and above the very poor, many of whom have access to Medicaid, are a very large group of uninsured who cannot or will not pay the costs of health insurance; a large proportion of these folks choose not to buy health insurance, preferring to spend what money they have on other needs.  Giuliani's tax break plan, of up to $15,000 per family, could bring about a change in behavior and could make a major dent in this problem.  It should not be dismissed too quickly.   Bush had proposed something like this, but the democrats blocked the idea.

Time will tell if Giuliani's proposal gets some traction

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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Comments

  • Anonymous

    August 02, 2007

    It is important to recognize that the Republicans, whether you agree with them or not, offer real solutions to real problems.

    The Dems just want to criticize some and criticize some more, but offer no solutions. They try to win on fear and anger. Dictators secure power in less sophisticated political environments this way, but it shouldn't work in our democracy.

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