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AMA meeting: Tax deductions vs. credits

An occasional snapshot of current facts and trends in medicine.

Quick View. Posted Dec. 3, 2007

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Reduction in the number of uninsured
Income Tax deduction Tax credit
Less than $10,000 3.8% 45.1%
$10,000 - $19,999 10.6% 48.5%
$20,000 - $29,999 16.2% 55.8%
$30,000 - $39,999 19.1% 56.8%
$40,000 - $49,999 20.4% 59.7%
$50,000 - $99,999 24.2% 56.2%
$100,000 or more 38.6% 42.3%
Total 19.1% 52.7%

Delegates say tax credits are most effective in enlarging coverage.

The American Medical Association House of Delegates in November voted to support using appropriately structured and adequately funded tax credits as the most effective way to enable uninsured patients to obtain health insurance coverage. Here, by income level, is a comparison of how experts believe the percent of uninsured would decline under each tax structure.

Source: AMA Council on Medical Service Report 5 - I-07 from the Lewin Group estimates from the Health Benefits Simulations Model

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