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stopbush

(24,807 posts)

8. Not true.

Reply to Cicada (Reply #7)

Tue Mar 7, 2017, 01:09 AM

Mar 2017

We are on Obamacare in CA. Our monthly premium is reduced by over $1000 because Obamacare pays $ directly to our health provider every month.

If our income goes up, we may have to pay back some of that subsidy on next year's tax filing.

With a tax credit, you pay the entire high premium all year, and then get to deduct if from your taxes. In other words, wait for over a year for your "subsidy."

Truth is, were our health insurance not subsidized every month, we would not have it. We couldn't afford $1300 a month.

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Replace subsidies with tax credits. That is really going to help those with less means [View all] still_one Mar 2017 OP

and unless we have some defections GP6971 Mar 2017 #1

yes it is still_one Mar 2017 #2

It's a ridiculous idea, therefore it must be a Repuke one. Liberal In Texas Mar 2017 #3

unbelievable still_one Mar 2017 #4

Because you know cilla4progress Mar 2017 #5

"Replacing" something concrete with an abstraction... VOX Mar 2017 #6

Obamacare subsidies are also tax credits Cicada Mar 2017 #7

Not true. stopbush Mar 2017 #8

The Obamacare premium tax credit is paid in advance Cicada Mar 2017 #10

The problem with tax credits is that you have to spend your money first... haele Mar 2017 #9