CARSON CITY, Nev. (AP) — Gov. Steve Sisolak on Wednesday signed into law a bill that paves the way for Nevada to become the second state in the nation to offer state-managed health insurance plans.
Sisolak signed the measure that seeks to create state-managed health insurance plans by 2026 at a Las Vegas medical center. It passed through the Nevada Legislature on May 30.
The new law requires insurers that bid to cover Medicaid recipients and state employees to also bid to offer a so-called public option plan. State officials would select certain providers to be in-network for the public option plan and mandate that they charge 5% less in monthly premiums than the average plan on the state insurance marketplace created by the Affordable Care Act and 15% less four years after it is first offered.
Proponents argue a state-based public option will expand coverage to Nevada’s 350,000 uninsured residents and lower the cost of health insurance throughout the market. The bills detractors decry the price controls and worry that forcing doctors and hospitals to accept patients at lower costs could lead them to leave the state and exacerbate a practitioner shortage.
To enter the market, the public option plan will have to undergo an actuarial study and then the state would need to apply for a waiver from the federal government. Afterward, Nevada could become the second state to offer a state-managed health care plan, following Washington in 2019.
Sam Metz is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Featured Article: Why do companies issue stock splits?
7 Stocks That Could Benefit From a Capital Gains Tax Hike
One thing every investor needs to learn is the effect of capital gains on their investments. Every time an investor sells a stock that has appreciated in value, that capital gain is subject to being taxed. Stocks that are held for less than a year pay a short-term capital gains tax rate. Stocks that are held for over a year pay a long-term capital gains tax rate.
In general, a capital gains tax hike is a bearish indicator for stocks. However, there are a couple of strategies that can help investors avoid some of the tax hit. One strategy is to keep your investments in an individual retirement account (IRA) or 401(k). However many higher-income earners want to have more access to the funds in their brokerage accounts.
A sound strategy for these investors involves buying dividend stocks. Dividend income is also taxed (unless it is reinvested), but typically when the capital gains tax rate is raised, the dividend income rate stays the same. This makes dividend stocks more attractive.
Investing in dividend stocks is never a bad idea, but at times when the capital gains tax rate is favorable, growth stocks provide a better reward for investor capital. But when long-term capital gains tax rates go up, those gains can get expensive.
In this special presentation, we’ll give you seven stocks that have a nice dividend yield and a strong story to go along with them.
View the “7 Stocks That Could Benefit From a Capital Gains Tax Hike”.