JEBCARE – Bush’s New Health Plan
Jeb Bush, running for the Republican presidential nomination, put out a detailed health proposal yesterday. The Bush campaign says the former Florida governor’s plan, in broad terms, would accomplish three goals: promote innovation, lower costs and return power to states.
Under Bush’s plan, individuals could get higher tax credits for purchasing health insurance and would be allowed higher contribution limits on health savings accounts for out-of-pocket expenses. He also would overhaul the regulations imposed by the Food and Drug Administration to help spur innovation in the healthcare industry and would put limits on malpractice lawsuits. And he would put caps on federal payments to states and create a “transition plan” for 17 million people “entangled” in Obama’s Affordable Care Act.
Bush also proposes to limit the tax-free status of employer-provided health insurance, an idea labor unions fiercely oppose.
Here are some key points to consider:
- It would repeal and replace Obamacare.
- Bush wants more people to have catastrophic coverage.
- Bush would repeal the so-called Cadillac tax
- Instead limit the Employer tax-free health benefits at $12,000 a year for an individual and $30,000 for a family.
- Here is how The New York Times reported it: http://www.nytimes.com/2015/10/14/us/politics/jeb-bush-offers-health-plan-that-would-undo-affordable-care-act.html?ref=politics&_r=0
- Here is a summary of Bush’s plan: https://jeb2016.com/health-care-plan/?lang=en