Quote:
Originally Posted by Tully Mars
I again assert why not just remove employers from the loop of health all together. Why should your health care be linked to your job? Move it all to a single payer system and stop these pay out and kick backs.
|
That is what many preferred, but not enough for it to be a feasible option at this time. Pragmatism prevailed and the new law is far better than the status quo for most Americans.
But you are certainly right about the loopholes from which companies like CAT and ATT have benefited.
Under the 2003 Medicare prescription drug program, companies that provide prescription drug benefits for retirees have been able to receive subsidies covering 28 percent of eligible costs. But they could deduct the entire amount they spent on these drug benefits - including the subsidies - from their taxable income.
The new law allows companies to only deduct the 72 percent they spent.