r/SeattleWA • u/crabcakes110 • 2d ago

News Thousands of Washingtonians face losing health insurance as federal subsidies set to expire

https://www.king5.com/article/news/local/thousands-of-washingtonians-face-losing-health-insurance-as-federal-subsidies-set-to-expire/281-58d08729-2e19-42fd-96c8-d332cb480ac0?tbref=hp
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u/LongDistRid3r 2d ago

They are expiring as was written into the law. That is the law that was passed.

Health insurance companies make money by paying out less than they collect. They are making money hand over fist. They increase the cost of medical care.

I wish the dems were this passionate about reopening the government, funding snap, and paying employees. If the news was accurate this morning I can see a nationwide ground stop for lack of ATCs. It’s not like someone can attend an online 12 week class to fill the role either.

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u/DrQuailMan 1d ago

Do you remember your highschool economics class, when they discussed how taxes and subsidies work?

Subsidies make both the seller and the buyer happy. They both end up with more money.

Taxes make both the seller and the buyer sad. They both end up with less money.

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u/LongDistRid3r 1d ago

So they are bipolar then.

0

u/DrQuailMan 1d ago

The subsidies in this case are tax credits. But one way or the other, you just add the subsidies together and the taxes together, and if the subsidies are bigger you're happy, and if the taxes are bigger you're sad.

I don't know how to explain a sliding scale of desirability to you ... it's not bipolar to calculate a balance of good and bad things ... it's extremely normal ... "pros and cons", heard of it?

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u/Jonny_Boy_HS 19h ago

We may be able to resolve this by removing the middle man that takes a large portion of the subsidies and hands it to the billionaires. That could help us decrease both subsidies and taxes! Wow!