Funding the ACA in 2026? ©M7C 2025
In USA, the ACA (Affordable Care Act) is based on monthly income to determine the level of health care subsidy. It is a percentage of the Federal Poverty Level (about $15k per individual per year), that determines level of care in terms of “coinage” levels (Bronze, Silver, Gold, Platinum), or 100% to 400% of FPL per year. Premium Tax Credits for these programs expire at the end of 2025 (American Rescue Plan Act, & Inflation Reduction Act). Average costs of plans are about $74+ a month.
An idea of M7 is to create a system of Lottery Games to help pay for the subsidies. Current Lotteries are Inter-State and pay for Education in each State. Have each member of a group be given a randomly generated Lottery Ticket as part of their Health Care (about $2+ cost of ticket per game), and if it wins one deducts 33% of the proceeds to the Health Plan in the winner’s State; the winner will receive funds to pay into their Social Security Account (not paid to the random individual directly, only notified of the win) in lieu of taxes. Each Health Plan is paid via a General Pool of Funds from the Lottery. This helps with the FPL and Monthly Income levels of each individual in the system. The Social Security Account is assigned one per Citizen of USA. It will pay for Social Security Benefits in both retirement and disability funding. The winner will be safe or liberated from Social Security taxes in the year of the winning ticket, and this will not count as annual income. The ACA is based on an Individual’s Income only.
©M7C 2025.
No comments:
Post a Comment