- In testimony before the House Ways and Means Committee, the Alliance for Connected care rebutted three myths:
- Telehealth Does Not Lead to Increased Fraud
- Telehealth Has Not Been Shown to Drive Overutilization
- Telehealth Has Not Been Shown to Increase Spending
- Older patients with diabetes do better if they have the means to pay for care (health insurance, higher income or higher wealth).
- For years contraceptives could only be sold by prescription. People can now buy oral contraceptives on Amazon.
Author: John C. Goodman
Biden’s New Tax Proposals
The Biden budget would … apply a 3.8% tax to pass-through income of more than $200,000. (Didn’t Mr. Biden promise not to raise taxes on Americans earning less than $400,000?)
Mr. Biden also wants to increase the surtax on earned and unearned income [from 3,8%] to 5% for couples earning more than $450,000 ($400,000 singles). On top of that, he calls for raising the top rate on ordinary income to 39.6% from 37%. This would raise the top effective marginal rate to 44.6%, and it would kick in at $450,000 instead of the current $693,751.
It gets worse. Mr. Biden also wants to apply the top 44.6% rate to capital gains for anyone earning more than $1 million—effectively doubling the current 23.8% tax on capital gains.
Pile on state income taxes—which reach as high as 14.8% in New York City and 13.3% in California—and many Americans would pay nearly 60% of their income to the tax man.
Saturday Links
- What a ransomware cyberattack is doing to the heath care system.
- Almost every government intervention in response to Covid was wrong.
- Biden’s budget: no plan for Social Security.
- Canadian health minister: You have a duty not to purchase private care: “Going and paying your way out of your circumstances creates a terrible malady for our system.”
- After the collapse of cost-plus financing, private payers began to pay the same way Medicare pays.