The current health care system is to expensive for our community and needs to be overhauled. Obama Care is destined to fail. It is based upon a penalty system forcing our small business owners to pay penalties for not being able to afford to offer this benefit to their employees. Physicians are being forced by multi-million dollar insurance corporations to accept continually decreasing reimbursements for participating in an insurance carrier, thus leaving patients and families less choices in finding an adequate physician. Small businesses are penalized for age discrepancies, driving up the cost of health care. Preventive care reduces long term health expenses.
This year I was proud to sponsor HB 1799. This legislation would give Marylander's a $500 annual state tax deduction toward the purchase of long term care insurance. Currently, Maryland only gives a one time $500 deduction for the purchase of long term care insurance.
Giving an annual deduction towards the purchase on long term care insurance would help to reduce the cost of healthcare and give many in our community, especially our elderly and their families, much deserved peace of mind.