Tax the Rich Essay

Medicaid is a social health care program that covers nearly 60 million Americans, including children, pregnant women, seniors, parents and individuals suffering with disabilities. Medicaid is the biggest source of funding for health related services and medical needs for the people with low income in the United States. This program is funded jointly by the state and federal level governments, but it is the state’s responsibility to manage this program. The Medicaid program is not a required program that states have to use, but all 50 states have implemented this program. With the introduction of the Affordable Care Act (ACA), and its passing in 2010, the ACA unveiled its plans to expand Medicaid eligibility to nearly all low-income adults as an addition to the other groups that fall into the Medicaid eligibility. The Medicaid program had “many gaps in coverage for adults” because it was only restricted to the low income individuals and other people with needs in their own specific category. In the past, the majority of the states who had adults that did not have children dependent on those parents were not eligible for Medicaid. These low income adults without dependent children would be without medical insurance assistance before the ACA was introduced. Medicaid is now available to all Americans under the age of 65 whose family income is at or below the federal poverty guideline of “133 percent or $14,484 for an individual and $29,726 for a family of four in 2011” (NSCL).

Medicaid is health insurance that covers low income or no income people and families. There are some people that qualify for both Medicare and Medicaid. Due to the Medicaid Expansion (Obamacare), 26 states and the District of Columbia have eased some of the income requirements for Medicaid. Anyone below 138% of the federal poverty level is eligible

Medicare and Medicaid are two types of government insurance assistance that were put into place in order to give those that fall into certain categories receive medical care and have basic insurance. Although they are two separate programs, both managed by the Centers for Medicare and Medicaid Services, which is found under U.S. Department of Health and Human Services.

Medicare is a federal program that was created to serve people who are over the age of 65 and don’t have private insurance. There is no financial requirement for Medicare; it is public health insurance offered to anyone over the age of 65. Medicaid is different because it a state and federal program; and there is also the financial aspect to it. In order to be eligible for Medicaid a person must have a low monthly income to receive the subsidized health care plans. A person can be eligible for both and those people receive dual eligibility according to Medicare Interactive (2017). These two programs have served the people in need for over 50 years and the creation of Obamacare has directly affected these programs.

Medicare and Medicaid are both government-run programs that cover health care costs to specific groups of Americans. Although both programs was established in 1965 and funded through taxpayer, their eligible requirements and coverage are very different. Medicare is for seniors regardless of their income, while Medicaid is for individuals who meet income guidelines. Seniors who are enrolled in both programs are known as “dually eligible" (Center Forward Health Basics, 2012).

Government insurance is divided into four different types Medicare, Medicaid, CHIP, and VA. Medicare is government program that covers individuals 65 and older and disabled. Medicare is single payer program paid only by the government (Ping Chua, 2006). Medicare is financed by payroll tax, federal income tax and premiums from individuals enrolled in part C and D. Medicaid is a government program designed for low income families whose income is 138% or $16,000 annually per individual, and disabled. However, only the 32 states that chose to expand Medicaid are providing Medicaid for their residents (Kaiser Family Foundation, 2015). Medicaid is financed by both the federal and state. CHIP is a government program that was created to cover children whose families don’t qualify for Medicaid and are too poor to purchase private health coverage on their own. CHIP was also designed to cover pregnant women (Ping Chua, 2006). The federal and state government also finance the CHIP program. Lastly VA, which is Veteran’s Administration, is a federally administered program for veterans. The federal government through payroll finances this type of government insurance (Ping Chua, 2006).

Medicare is designed to give people of 65 years of age or older, people who are younger than 65 years of age but have certain disabilities, and people of any age with end stage renal disease, medical coverage. This is funded through the federal government. Medicaid is for low income adults, children, pregnant women, elderly adults, and people with disabilities medical insurance. This is funded jointly by the state and federal government. In the United States, Medicare costs increased by 4.5% in 2015, Medicaid spending increased by 9.7%, private health insurance increased 7.2%, and out of pocket spending increased by 2.6% (NHE fact page, 2017). Virginia has increased in Medicaid costs by 7.78% since 2015 (Medicaid and CHIP in Virginia,

Medicaid- Health coverage program for eligible individuals under the age of 65 in families with low income, certain disability status, other health or medical conditions such as pregnancy and etc.

The Medicaid program differs by state. There are dozens of ways to qualify for this state and federally funded health insurance program. There are Medicaid programs for the low-income, disabled, elderly, children, and long-term care. “Since its inception in 1965, the Medicaid program has evolved to become the largest single source of health coverage in the United States” (Crowley & Golden, 2014). From its beginnings the goal of single payer health care is on a slow roll for all citizens. Some

Saving America from debt. With the Presidential Debate upon us, taxing the rich has become a very important topic upon candidates. Many believe that the rich should get taxed to help the economy while others believe they should not just because they are the top 1%. If the rich pay more the country benefits from it. Having the government tax the rich more could help decline the American debt. Alyssa Battisoni believes the wealthy have political clout, which I agree with, it seems as though America is only a “free country” to those who can afford it.

Overall, Democrats are against this tax reform and believe that it is being put in place to benefit wealthy Americans. Democrat Jonathan Chait was interviewed in New York Magazine and he believes that the tax cuts within the reform are specifically benefiting the rich. His suggestion was that Democrats, in 2020, run a campaign that focuses on exposing “Mr. Trump’s false populism and advocating for increased social spending.”6 The 51-49 vote in the Senate shows that no Senate Democrats voted in favor of this tax reform; which speaks volumes about their thoughts on the bill. Hours before the vote on the bill took place, Senate Democrats gave floor speeches tearing apart the tax reform and sharing their great disapproval. Senator Jon Tester

We as a society are quick to judge and make assumptions towards any conflicting situation. For the vast majority of US citizens, the progressive tax system is a definite must. Due to poor decision making, The US is at a whopping nineteen trillion dollars. This is a tremendous debt to pay and does not seem to be coming to an end anytime soon. Any way of putting a stop to this debt would sound like a good idea, and one of those proposals include taxing the wealthy. I am all for terminating this debt, but is taxing the wealthy more really the best option?

With the loss of tax revenue, the government is going to be forced to completely restructure their current budget protocol. With the mass amounts of tax breaks given across the wealthy, there is going to be lower taxes available to use for government ran programs. These programs are extremely important the success of many Americans across the nation. Without a lot of these programs such as; SNAP, Welfare, Social Security, Unemployment, millions of citizens wouldn’t be able to live. These programs provide day to day support to people; for food, housing and many other things, but the proposed bill/tax cuts, are going to force these programs to cut back massively. Because there just isn’t going to be enough government funds to properly hit

One of the greatest challenges that Republican President Donald Trump is facing today is that of fulfilling his promise to the affluent Americans that he would lower the taxes that are being levied on them. Many economists have voiced their opinion on how such a move might widen the current gap between the wealthy and low-class Americans, a matter that is apparently not convincing President Trump. House Republicans returned to business last week after their August recess, a top agenda for them in the subsequent sessions will be drafting a ‘major tax-cut bill for Congress to pass’ (Editorial par. 1). It is not clear how the debates on this proposed legislation will turn out, but I am hopeful that whatever happened on the

The Spanish taxation structure has proved to be a major hitch particularly to footballers and other high earning professionals. Foreign professionals have been the hardest hit by the taxation policies in the country. Generally, the taxes are levied by the federal government as well as the regional governments. Different taxes are imposed depending on the source. The most common tax forms are: income tax, corporate tax, value added tax among others. The Agencia Estatal de Administracion Tributaria is often responsible for the collection of national as well as the regional taxes. The Spanish tax year is often in line with the normal calendar year. The mode of