What is the Self-Employed Contributions Act (SECA)? The self-employed pay Self-Employed Contributions Act (SECA) taxes on net earnings. SECA taxes also fund Social Security and Medicare. The self-employed pay both the employee and the...

Employer Payroll Tax (Accounting) example

Accounting for Employee Payroll Deducations - Accounting

Health insurance: the holy grail of the US hospital patient. While it isn’t perfect, it does often make a big difference in a patient’s bottom line. That’s not only because it helps pay the bills - it turns out that when you don’t have...

What exactly is medical tourism? How safe is it to travel to another country for a medical procedure? And what about mixing a little vacation with some dental work? As of 2020, approximately 1 in 10 people in the US under the age of 65...

Paycheck deductions can feel confusing, especially when your pay stub is filled with numbers you can't make sense of. Here's how to use those deductions to maximize your financial benefits.

Why are prescription drugs so expensive in the United States? Why does the same medication cost significantly less in other countries around the world? Today Danielle examines the history of pharmaceutical regulation in America and how...

The way we pay for medical care isn't like any other kind of transaction--and healthcare companies can use that leverage to get as much money from you as possible!

Taxation in the Federal System recognizes that the largest source of income for the federal government is taxes by describing various types of taxes and the role of the IRS.

Taxes are withheld from employees’ gross earnings each pay period. The taxes are sent by the employer to the respective government agencies. Additional calculations are required to determine the amount the employer must send to the IRS.

We've got an election coming up here. It's pretty much a dumpster fire. But we've still got a country to run, and a health care system that's far from ideal. There are two main candidates, two main health care reform plans, and we're...

We spend a lot of money on social programs. Studies indicate that a lot of those programs work to improve health outcomes for people who receive the benefits. So, does that social spending reduce healthcare costs? Not really. But cutting...

One of the original justifications for Medicare is that older people have much higher health care needs and expenses. But there are a few common misunderstandings about health costs when people are older, including the idea that money...

Administration of medical care is a huge driver of costs in the United States' healthcare system. Running hospitals, generating bills, and collecting payment are just a few of the activities that take up health providers' time, and run...

Political talk is getting more and more serious around Medicare for All in the United States. The argument, as usual comes down to costs. One of the advantages that proponents always bring up are the very low administrative costs of...

After we posted our video on "How Obamacare works" tons of commenters asked how Obamacare is paid for. Often, the question was NSFW. But you ask, we answer. In this episode, we will explain how much Obamacare costs, and what spending...

Medicare for All, which would extend health coverage to all Americans, has been a hot topic of debate in recent years. Researchers have looked into the many ways that a switch to Medicare for All might change our lives, and one of those...

It turns out, hospital and health system consolidations can result in worse outcomes for patients. These mergers reduce competition, and it turns out that hospitals compete more often on quality than they do on prices. The result is that...

The Trump administration has released Medicaid report cards, which allow citizens and health care journalists to look at the results of Medicaid, state by state. The good news: our beloved Indiana is doing OK! The bad news, there's a lot...

We really need good treatments for Alzheimer's. But Biogen's very expensive and maybe not that effective drug Aduhelm is not the treatment we're looking for. Today we look at the saga of Adulhelm's approval and it's road to acceptance...

Florida Governor Rick Scott tries to scare voters by claiming that Democrats are going to undertake socialist experiments with Medicare, which is in itself a socialized medicine program. Also, a surprising entrant into the opioid...

Many studies have demonstrated what economics theory tells us must be true: When consumers have to pay more for their prescriptions, they take fewer drugs. That can be a big problem. This is Healthcare Triage News.

Medicaid doesn't cover dentistry. But dental health affects many different aspects of a person's life. Bad teeth can cause social difficulty, and make it hard to find employment, aside from the fact that an unhealthy mouth can lead to or...

Health economists study the economic determinants of health. They also analyze how health care resources are utilized and allocated, and how health care policies and quality of care can be improved. In this episode, we discuss what...