country's health insurance companies, competition would drastically increase and, as a result, health insurance premiums would decrease. B. Tax Deductibility for the Self-Employed. If you are self-employed or you work for a small business that does not provide health benefits, you should be allowed to fully deduct the cost of health insurance from your State and Federal Income Taxes. C. Meaningful Tort Reform. As a physician, I can attest to the fact that the practice of defensive medicine is a main factor in the rising costs of medical treatment in this country. In order to make any impact on the costs of healthcare, we must pass meaningful tort reform legislation. D. Change Medicaid Awards. Currently, Medicaid is awarded to the States on a match basis. This should be changed immediately. By awarding Medicaid on a needs basis, the States with the most need would receive the most funds. For example, if Alabama has 5% of the nation's impoverished individuals, Alabama should receive 5% of the money. E. Medicare Payments to Medical Professionals. If we increase payments to federal programs, those monies should be placed into Medicare to increase payments to hospitals and primary care physicians. 3. In addition to federal provisions, there are solutions that we can enact in Alabama that would increase the affordability of health care without the need to raise taxes or borrow from future generations: A. Establish Statewide Insurance Exchanges. By setting up an insurance exchange encouraging more companies to write health insurance in Alabama, competition would increase which would drive down costs. B. Tax Incentives. We must encourage health insurance companies from all over the country to write policies in Alabama. By offering tax incentives to companies that offer health insurance to Alabamians, more companies would do business in our state and accessibility would increase. C. Health Savings Accounts. Establishing Health Savings Accounts (HSAs) would add the much-needed consumer element to medicine. Much like an IRA, HSAs allow individuals to contribute pre-tax finds into an account explicitly for the payment of medical costs. Pairing these accounts with high deductable insurance policies would save Alabamians millions of dollars. D. Tax Deductions. If you pay your own insurance premiums, those costs should be 100% deductable on your State Income Taxes. Jobs and Opportunity for Alabama http://www.BentleyMeansBusiness.com/ 20
Promises made by Robert Bentley.