Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, September 16, 2009

Still trying to get Details

But the rocket scientists in congress have now decided to pull off... what I expected. The solution to health care, is to give more money to insurance companies.


most probably outcome is forcing people into "Insurance Programs" that are low end, So that Minor injuries will be covered but anything Major will still cause bankruptcy. Unless of course people want to spend half their income on a Decent program.

we will see if it's a "Tax Break" or a "Tax Credit" and how much but I doubt it will be larger than 5K.. what is that $400 a month.

apparently the breaks come if you are paying over 15% for health care.
which should be easy since lower middle class is 30K per family, and median health expenses are 15K.

so there could be up to a 4K dollar penalty to not have insurance....

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