Two years ago, a Gallup survey estimated the percentage of adult Americans without health insurance at more than 17%. Even at the beginning of 2014, as the individual coverage mandate of the Affordable Care Act kicked, nearly 16% of Americans over the age of 18 were uninsured. The latest results from the polling organization currently put that rate at 11.4%, lower than any rate since Gallup began this survey in 2008. [More]
Unemployment and an erosion in employer-provided benefits are some of the major reasons the amount of uninsured American rose to 49.9 million last year. That’s 900,000 more than in 2009, according to Census data. Gone are the days that it was a given that your workplace handed you an insurance plan. In 2000, 64.1 percent of the population were covered by employer-provided insurance, but those ranks slipped to 55.3 percent last year. [More]
While details of such an approach are still sketchy, it would likely involve employees paying tax on a percentage of their employer-provided health benefits. So if Congress decided that all such premiums in excess of $11,000 for family plans would be taxable income, and your company paid premiums worth $16,000 for your coverage, you’d have to pay taxes on $5,000.