Value- Based/ Employee Based Plans& Tax Cuts

The Majority of Health Care plans for employees for Private Medical Facilities are considered to be Value-Base due to their selection process being generated by individuals who take time out to cater and craft plans to fit the financial ability of their employees along with coverage with the customer in mind. With the Affordable Care Act (ACA) of 2010, there is a hidden value-based concept which “emphasizes increasing quality and efficiency in health care through access to preventative services and providing appropriate forms of treatment” (NCSL, 2017). Option 18 in the Options for Reducing the Deficit catalog (2017-2026), that references the idea of Reducing Tax Preferences for Employee Based- Insurance plans will allow for more freedom as to how organizations pattern and pay for the initial coverage plans they offer to their employees. One way to help push or aid this idea is to have the Federal and State Tax laws to include the value of their employees. In most states currently “value” is not added or subtracted in order for Tax Cut to be enforced. Employee take it upon themselves often times more than not. (Rae, 2014). The best way to close these findings out is to understand that without subsidies provided those tax preferences encourage firms to offer employee –based benefits and also encourage employees to enroll (CBO, 2013) ) It gives organization a tax cut to have an inside catch on marketing insurance to its own employees and holds sense of value and pride as well. Most large corporations have a verity of plans and companies offering services that cater to a large market. Yet for the Private, Boutique organizations in the medical field, there has to be a break in how the organization uses their tax resources to the best of their advantage while capturing their employees to keep something as major as health care inside the organizations. The Deficit Catalog with various options as to the financial placement the Health care industry holds gives a bold insight to the way we pay for services and look at the industry as a major financially driven institution. These findings as to how to Reduce Tax- Preferences for Employee Based Insurance plans won’t be resolved in one discussion we have to watch our national statistics and compare and contrast in order to see how Private Medical Facilities are impacted.


Claxton Gary, Levitt Larry, Panchal Nirmita, Rae, Matthew, Oct 27, 2014, article Tax Subsidies for Private Health Insurance retrieved https://www.kff.org/report-section/tax-subsidies-for-private-health-insurance-i-federal-and-state-tax-exclusions-for-esi/
Congressional Budget Office (CBO) November 13, 2013 article Reduce Tax Preferences for Employment-Based Health Insurance
Retrieved

National Conference of State Legislatures (NCSL) 12/10/2017 article Value- Based Insurance Design retrieved http://www.ncsl.org/research/health/value-based-insurance-design.aspx