http://www.govtrack.us/congress/billtext.xpd?bill=h112-299Here's what I take from it:
1.) PPACA and HCERA = repealed
2.) Repeal of 7.5% threshold on deduction for medical expenses:
< bill >
HR 299 IH
TITLE II--DEDUCTIBILITY OF MEDICAL EXPENSES
SEC. 201.
(a) In General- Subsection (a) of section 213 of the Internal Revenue Code of 1986 (relating to deduction for medical expenses) is amended by striking ‘to the extent that such expenses exceed 7.5 percent of adjusted gross income’.
(b) Effective Date- The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act. < /bill >
- the section of the tax code in question currently reads:
There shall be allowed as a deduction the expenses
paid during the taxable year, not compensated for by
insurance or otherwise, for medical care of the taxpayer,
his spouse, or a dependent (as defined in section 152),
to the extent that such expenses exceed 7.5 percent of
adjusted gross income. < / tax code >
So does this mean, as an uninsured person, that all of my medical expenses would be tax deductible or am I missing something?
3.) Allows for purchasing on insurance across state lines.
< bill >
HR 299 IH
Title III Part D Sec. 2796 sub (c)
‘This policy is issued by XXXX and is governed by the laws and regulations of the State of XXXXX, and it has met all the laws of that State as determined by that State’s Department of Insurance. This policy may be less expensive than others because it is not subject to all of the insurance laws and regulations of the State of XXXXX, including coverage of some services or benefits mandated by the law of the State of XXXXX. Additionally, this policy is not subject to all of the consumer protection laws or restrictions on rate changes of the State of XXXXX. As with all insurance products, before purchasing this policy, you should carefully review the policy and determine what health care services the policy covers and what benefits it provides, including any exclusions, limitations, or conditions for such services or benefits.’ < /bill >
- Your "out of state" insurance is only subject to the laws of the state you are buying it from, but not subject to any of the consumer protections form that state or your own state.
Paul Broun Jr. is a scumbag. He claims to be a "doctor" but the address for his "practice" is his home address and I've never met or heard of him having any patients. Supposedly he "only makes housecalls". He won't even show his face in Athens, his supposed "hometown". I just thought I'd throw that in.
So supposing this passes the House as Huffpo just reported:
http://www.huffingtonpost.com/2011/01/19/health-care-repeal-vote-s_1_n_810835.htmlWhat does the Senate do? Are they even obligated to bring it to the floor? Can the GOOP in the Senate force a vote?