I’m pretty sure that as a soon-to-be retiree, I’ll pay a hidden tax in that the value of my index-fund portfolio will go down by the fact that the securities from that particular industry segment will tank.
To me, that’s a small price to pay for the peace of mind of knowing that my insurance rates will be predictable, my insurer can’t drop me arbitrarily, and I can’t stumble into the situation where the only in-network hospital in town has no in-network anæsthesiologists - they all have privileges only at the out-of-network hospital. (My insurer actually did that, a few years back. Thankfully, the situation got fixed before anyone in my family needed surgery!)
To say nothing of the fact that it’s just the ethical thing to do. I don’t judge everything by the impact it will have on my taxes!
Uhm. ACA decreased the number of uninsured by about a third. It’s still a huge number - over 10% of non-Medicare-eligible adults in the US have no health coverage, and the number is growing again with the repeal of the individual mandate.
Have you confused the Medicare tax (which has no upper limit) with the Social Security tax (upper limit of $132,900 in 2019)?
