TAX CREDITS AND THE UNINSURED

Tax Credits and the Uninsured

Abstract

The research relates to the tax credits and the uninsured; in this context, as it is known that the health insurance is not available for everyone in American healthcare system. Thus, the study proposes that giving tax credits to the uninsured to buy their own personal health insurance plan will significantly reduce this problem and increase access to health care. In private or personal health insurance tax credits depend on the level of contributions for some insured no longer as attractive as before. The insurer rebates will be paid in the following year. They reduce because of the rebates the deductible special expenses of a year for health insurance contributions. Tax credits can benefit the uninsured individuals in a way that people can get facilitated in taking advantage of health care services. The individuals' access to health care and issue of health insurance can be solved through giving tax credits to the uninsured individuals in order to buy their own private or personal health insurance plan.

Problem Statement4

Significance of the Study4

Desirability and Effectiveness of the Study5

SWOT Analysis7

Strengths7

Weaknesses7

Opportunities8

Threats8

Conclusion8

Problem Statement

The study relates to the tax credits and the uninsured, which particularly focuses on the issue that giving tax credits to the uninsured to buy their own personal (private) health insurance plan will significantly reduce this problem and increase access to health care. The reason of such is that the health insurance is not available for everyone in American healthcare system.

Significance of the Study

The tax credit proposal plans to furnish budgetary impetuses to buy personal (private) health insurance, even though they may be so level it is not possible draw huge amounts of individuals to the business sector. Moreover, private health insurance providers can possibly see rise in salary through the system. Besides it, uninsured gives them minor non hazard balanced tax credits to buy protection, yet on the grounds that the span of the credit is modest, it is not clear what number of income level uninsured working individuals and families it would truly catch the attention into the business sector. In addition to this, person's personal (private) health insurance advertise endeavors to draw healthier individuals into the business; enhance the working of a market that is described by high premiums and heavy underwriting (Domingo, 2013).

The question giving tax credits to the uninsured to buy their own personal health insurance plan will reduce this problem and access to health care deals with the basic contribution of health insurance. In private or personal health insurance tax credits depend on the level of contributions for some insured no longer as attractive as before. The insurer rebates will be paid in the following year. They reduce because of the rebates the deductible special expenses of a year for health insurance contributions. Rebates may therefore be detrimental in some cases now. It is not always cheaper to pay up to the amount refunded for example medical bills themselves. In any particular case is to determine whether a model ...