March 4, 2016

Trump’s Healthcare Plan, Clinton’s Tax Credit for Households and more in CarePayment’s News You Can Use

By CarePayment

Donald Trump Fleshes out Healthcare PlanTRUMP HEALTHCARE POLICY

Presidential candidate Donald Trump has revealed his seven step healthcare plan, according to Fierce Health Payer. His plan details steps including repealing the ACA, allowing insurers to sell health plans across state lines, importing drugs from other countries, and requiring price transparency from healthcare providers. The GOP front runner believes the healthcare system needs to be more competitive, and more accessible to all Americans.

Hillary Clinton Would Raise Taxes on High-Income Households by $1.1 Trillion over 10 Years

Hillary Clinton, the front runner for the Democratic presidential nomination, has proposed a tax plan that could help families with high out-of-pocket medical expenses. Forbes shares how Clinton plans to give tax credits toward households with large medical bills or for being family caregivers. This proposal has been consistent with her stand on social programs to help Americans with medical and student debt.

Bill Would Allow Medicare-Eligible Retirees to Keep HSA Contributions

U.S. Senator Orrin Hatch and Representative Erik Paulsen proposed new legislation to allow Medicare Part A enrollees to keep contributing to their health savings account (HSA), reports Business Insurance. Currently, HSAs are tied to high deductible health plans and are designed to help individuals meet their annual deductibles. Once an eligible senior enrolls into Medicare, they can no longer contribute to their HAS. If they do contribute, they face a tax penalty.