The American Healthcare Act (AHCA) passed the House. This is not what we want. However, we have a second chance to get rid of it once and for all. There is a toll free number we can call to let our Senators know how we feel about this really bad proposition. 1-844-866-1425. In case you missed it from last month, here are the highlights as to why this is a bad bill:
BAD NEWS FOR AMERICANS:
Age tax would let insurance companies charge 50-to-64-year-olds five times more for health coverage than anyone else
Older Americans with conditions like cancer, diabetes and heart disease could have to pay more than $25,000 a year
Weakens Medicare, leaving the door open for benefit cuts and Medicare vouchers
Jeopardizes essential care for seniors, children and Americans with disabilities
Does NOTHING to lower prescription drug prices while Americans continue to pay the highest drug prices in the world
GREAT NEWS FOR SPECIAL INTERESTS:
Provides $200 billion in tax breaks for drug, insurance and medical device companies
Allows insurance companies to overcharge older Americans by thousands of dollars AARP is committed to working with both sides to pass legislation that will lower health insurance and prescription drug costs for all Americans, but a bad bill is a bad bill.
Instead of giving tax breaks to drug companies and boosting insurance company profits, Congress should be reducing skyrocketing health care and prescription drug costs, especially for older Americans. Please! Make sure to call and let Senators Feinstein and Harris know how you feel about this travesty of a bill! 1- 844-866-1425
There is a new bill on the California Legislative floor: AB 806, the Family Caregiver Tax Credit. This one is important for anyone making less than $75,000 individually or $150,000 jointly and is a family caregiver. This tax credit would be 50% of the net tax paid up to $1000.00 and is scheduled to start for the tax year starting January 1, 2018. If you’re interested in the whole verbiage, you can read about it right here:
https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180AB806
Have a great summer and stay informed!