The American Rescue Plan Act of 2021 created new rules for health insurance subsidies for only tax years 2021 and 2022. These new rules mean that many more Americans will be able to receive government subsidies. You can read more about those changes and rules in “How the Wealthy Can Take Advantage of Health Insurance Subsidies in 2022” and take the steps to calculate your own in “How to Calculate Your Possible Health Insurance Subsidies.”
On Tuesday, November 9, 2021, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about “Health Insurance Subsidies” and “Inflation.”
Here is an outline of the discussion:
Health Insurance Subsidies
[0:00] Health Care Subsidies for the wealthy on the exchange. See “How to Calculate Your Possible Health Insurance Subsidies.”
[3:13] If you are young, the cost of health insurance sometimes outweighs the probable benefit. Those younger than age 26 are often on their parent’s insurance and do not realize how much it costs their family.
[9:10] Jordan calls with a question about being uninsured. David Marotta answers that Jordan potentially paid less because he did not have insurance.
Topic 2: Inflation
[11:47] Is inflation inevitable? What is inflation? What is causing inflation?
[14:15] Any inflation over 8.5% may have people who lose real returns to taxation. See “Taxing Capital Gains Unfairly Taxes Inflation.”
[15:51] Politicians intend many of the unintended consequences. They have their own agenda of taxation. The Biden administration has its own agenda of unionization.
[17:50] Will we have low interest rates and higher inflation?
You can listen to the audio here:
Photo by Dave Contreras on Unsplash