ACP-ASIM Urges Refundable Tax Credits for Health Insurance
February 13, 2001
(Washington, DC): With millions of uninsured Americans working for employers who do not offer health insurance, the American College of Physicians-American Society of Internal Medicine (ACP-ASIM) is urging the President and lawmakers to include refundable tax credits for health insurance in the 2002 budget.
ACP-ASIM has issued a series of reports documenting that the uninsured do not get necessary preventive care and have higher rates of uncontrolled, serious illnesses that lead to death. They live sicker and die younger, said Dr. Sandra Fryhofer, president of ACP-ASIM. Businesses enjoy tax benefits when they provide their employees with insurance and individuals without the option of purchasing employer sponsored insurance deserve at least as much consideration.
Nearly 43 million Americans who lack even basic health insurance, more than 80 percent live in working families. Based on his support of tax credits during his election campaign, the College is hopeful that President Bush’s 2002 budget will include substantial financial incentives for the millions of working Americans who cannot afford health insurance.
With nearly one out of seven Americans locked out of our healthcare system, access to health care has become a national issue and requires a national, bipartisan solution, Fryhofer said. ACP-ASIM has urged lawmakers to target tax credits to lower-to-moderate income families without access to employer-sponsored health insurance, while providing a credit substantial enough to influence the target groups purchasing ability. ACP-ASIM has also suggested refundable tax credits with an advance payment option to provide Americans, including those with no federal income tax liability, with access to the credits at the time that insurance premiums become due.
ACP-ASIM is the nation's largest medical specialty organization and the second largest physician group. Membership comprises more than 115,000 internal medicine physicians and medical students.
Letter to President Bush Regarding ACP-ASIM Efforts
David Edelson, ACP-ASIM Washington Office, 202-261-4575
Page updated: 11-04-03