The sad truth is Medicare for all will cost each American about 20% ABOVE all other taxes which all total estimatedly will take around 40% of their paycheck. So, someone making $1000 a week gross will net $600. Hourly that means they would have to make $25. The $15 an hour minimum that socialists are pushing for which guaranteed will close businesses down sending them back over seas, the worker would gross $600 and net $360 or $1560 a month. When considering average rent is about: 800 -- 1200 rent 250 car payment 70 car insurance 150 food 100 credit card payments 300 utilities, cable, phone, internet 130 car gas 200 clothing, misc., and entertainment ------------- $2000-2400 Clearly someone will not be able to live on $15 an hour. Will have to work two jobs or make about $20 an hour which will net $2080.00 a month. Then bear in mind that's an average bungalo and not a lamborghini. Nor does it factor in cost of raising a family or have anything left over to save. But that's also assuming all businesses stay here in America after the socialists strangle them with reinstated regulations ... BUT THEY WON'T. So jobs will be lost forcing more on welfare and food stamps. They'll be forced to live in ghettos. Having to carry those who are out of work, will cost higher taxes to be taken out of those lucky enough to keep their jobs , if they can be considered lucky that is. And to add insult to injury, the borders will be kept wide open taking in more each day on programs as well. Welcome to Venezuela. https://www.investors.com/politics/...ll-32-6-trillion-dollars-socialized-medicine/
I don't want to be a downer...I truly wish it would work. Would be great to have affordable healthcare but until they can explain how people will pay for it without forcing companies to foot the bill making them close up shop and go over seas, it won't. What would help though which is a no brainer, would be to stop taking people into the country we can't afford to support.
You have made several mistakes in your analysis. I can assure you that middle class American are not paying 40% of their paychecks in taxes. When you look at the effect of all taxes, the income tax, social security tax, payroll taxes, sales tax, property tax, state income tax, sin taxes, etc, about 25% of middle class paychecks go to the government. The current cost of our healthcare system is about 3.5 trillion and that is about the same cost of Medicare for all. All Medicare for all does is replace paying insurance companies with paying government. The advantage is that a flat rate tax will charge poorer people less money than rich people and the vast majority of people will actually pay less in taxes than they did in premiums. In addition other countries pay as much to cover everyone as we do for our existing Medicare and Medicaid. If we implement cost saving reforms that other countries have, we can eventually get taxes down near to what they originally were.
They need some volunteers. Since Trump was elected against the will of the people they have pretty much given up it seems. This site has specific rules to encourage debate and discourage trolling and flamebaiting. They also use to discourage liars. I can understand why the trumpets have such issues with following them.
I've been saying this as well. Americans cannot afford comprehensive high-quality healthcare. Something's going to have to change. Either the economy is going to have to drastically improve (per capita, without increasing the population), or healthcare is going to have to get cheaper. I bet part of the problem with cost of living, imcluding healthcare prices, is overconcentration of job opportunities into certain areas. A lot of that money paid in healthcare ends up (indirectly) going to pay high rents because it is in a high cost of living area. Everyone has to be paid more because the costs in that area are higher. Another not small issue is unfunded government mandates. The government forces the hospital to do certain things, or provide treatment to indigents, or in some cases pay out excessive lawsuits. Well, all this money has to come from somewhere, so the hospital raises its prices. All the paperwork doctors and hospital billing and insurance companies have to fill out also consumes a hefty amount of the money.
Another Democrat pipe dream for the ignorant. As always they sell it with the rich will be paying for it. The ignorant lap it up. Free stuff always stimulates the parasites. Medicare for all would cost 3.5 trillion annually. That is about what the government takes in annually. The problem being is that 3.5 trillion is already spent and another trillion on top of that to boot. That means the government will need 8 trillion annually. That is about half this countries GDP. I need to hear again how they are going to wring all that money out of the rich and give free healthcare to the parasites.
Funny, other countries manage it quite well. You lot need to change as the poorest, most vulnerable members of your society are the ones paying the price for the rest of you.
Its hilarious how the Republicans try to show how implementing Medicare for All is going to ADD those trillions to pay for it! They ignore that when the Medicare for All starts, none of us need to pay the trillions we CURRENTLY pay to health insurance companies, hospitals, taxpayers paying for people with no insurance, all of which are the most expensive way to pay for health care! Employers pay $20,000, $30,000 per year in premiums to a employee, some workers pay $12,000 per year on top of that workers share, hospitals bill huge sums anytime they can get away with it! All that wasted money is unbelievable! Think how do these health insurance companies pay their executives pay and bonuses like $200,000,000 (200 hundred million dollars) EACH!? No one else in the world allows these ripoff executives and companies pay that kind of money, yet the USA is 26th down the list of medical results but the USA pays 2 TIMES money to get this stuff?
Yeah they aren't paying 40% now but reportedly in order to cover the debt of Medicare for all, they will. Do you think that 32.6 trillion will fall from the sky? The deficit isn't shrinking now at 22 trillion but you think if we add another 32 trillion, it will? Not to mention college freebie cost on top of that. Taxes will have to rise considerably to pay that massive debt.. I personally think they will have to go even higher than 40% if they are to reduce the deficit especially knowing regulations will cause businesses to tank and go back over seas.
32.6 trillion is about 3.3 trillion. Current healthcare spending is also 3.3 trillion. Public healthcare spending is currently half of that or about 1.7 trillion. So the government will only need to raise 1.6 trillion of taxes to cover the private part of the spending. Keep in mind that we are already paying for this 1.6 trillion in premiums so we just replace our premiums with taxes so we don't increase the deficit. Thats probably going to require just a 10% tax. Its tough but premiums can cost a family over $10,000 per year. Also your 32 trillion figure comes from a libertarian organization, not a very unbiased source. If the government has increased negotiating power from having the entire customer base they can negotiate lower prices. Currently Medicare pays hospitals and doctors less than private insurance so it will probably be cheaper. Plus, all the people getting more preventative care will prevent expensive healthcare spending if their problems get worse. Other countries spend as much covering 100% of the populations as we do on just Medicare and Medicaid, and if we add reforms to the above to make our system more cost effective we can see the total cost of our system call to maybe a little about 2 trillion.
Trust me this is not a political issue for me, I really want a healthcare plan that works for all. That said, you are throwing out terms that aren't absolutes such as "Probably" 10% increase in taxes and figures like 2 trillion but you aren't saying it will be three triillion or that that's the cost PER YEAR. Even if 2 trillion which I think is low, would come to 20 trillion over ten years and considering that will keep growing even more once those programs are offered and our borders are flooded from 3rd world indigent countries from all over the globe, and then factoring in others outside the US believe in large families, look for that figure to grow exponentially. We must remember just because we want something to work, it doesn't mean it will. The ONLY way this might even have a chance, is to first secure the borders and stop taking everyone in that we'll need to support. Fix failed immigration and stop all the loopholes that foreigners are using to sneak in here like that crazy anchor baby law. Get rid of the visa lottery and only take in those that are educated or skilled that can carry their weight. THEN AND ONLY THEN WOULD HEALTHCARE FOR ALL HAVE A CHANCE. VOTE REPUBLICAN TO FIX IMMIGRATION !
Look, the federal government taxes about 20% to get 3.5 trillion in revenue. To get 1.7 trillion more that is about another 10% tax, and that is only if we completely fail to make our system more cost-effective. Every other developed country has far cheaper healthcare and on average is 2 1/2 times cheaper. If cut the total cost of our healthcare system from 3.5 trillion to 1.5 trillion by being as cost effective as other developed nations, then we can bring the federal tax rate back down to 20%. I'd implement Medicare for all along with some common-sense measures for controlling cost like simplifying and reforming Medicare for all and improving government bargaining for drugs and procedures and cover out of country drugs and procedures to reduce cost. Illegal immigration is a problem but the number of illegals haven't grown in 10 years and their children tend to get wealthier by generation. I do think we need to control immigration, but we need to keep our healthcare system from costing us 6 trillion in the near future. A 6 trillion healthcare system (and growing) will ruin our country more than illegals ever will.
Can you actually explain your 32 trillion cost of Medicare for all? Here are the current figures: U.S. health care spending grew 4.3 percent in 2016, reaching $3.3 trillion or $10,348 per person. As a share of the nation's Gross Domestic Product, health spendingaccounted for 17.9 percent.Jan 8, 2018 You seem to think Medicare for all will raise the cost of US healthcare to over $100,000 per person per year.
What do you think their bias was? Progressives are touting it as a victory for medicare for all, with libertarians proving the value of their proposals. What they studied was the efficacy of Bernie's programs. They did not find it wanting. If Bernie got his dream, medicare for all would cost less than US healthcare spending does now. From the study: "The leading current bill to establish single-payer health insurance, the Medicare for All Act (M4A), would, under conservative estimates, increase federal budget commitments by approximately $32.6 trillion during its first 10 years of full implementation (2022–2031), assuming enactment in 2018. This projected increase in federal healthcare commitments would equal approximately 10.7 percent of GDP in 2022, rising to nearly 12.7 percent of GDP in 2031 and further thereafter. Doubling all currently projected federal individual and corporate income tax collections would be insufficient to finance the added federal costs of the plan. It is likely that the actual cost of M4A would be substantially greater than these estimates, which assume significant administrative and drug cost savings under the plan, and also assume that healthcare providers operating under M4A will be reimbursed at rates more than 40 percent lower than those currently paid by private health insurance." If it isn't clear here, what they are pointing out is that Bernie's Medicare For All proposal is pie in the sky, wishful thinking.
May I ask what about disabled people on SSI currently on Medicaid, its good to talk about taking us off that however the reason we get it is with a low income and needs based support overall we couldn't get our medical needs met if we had to pay out much. I'm in an HMO for Medicaid in Florida and its okay but they do say NO sometimes needing my primary care or specialists to work at cutting down red tape. But I pay nothing out of pocket. If they shifted me to Medicare with co-pays and such will they raise my SSI to meet these costs or do something else its concerning me a lot my basic medical needs per month run over a thousand dollars for medications, Lyrica the big hit, at $874/month for 90 pills well if I wasn't on Medicaid they make that $0. Even if I had to pay something under basic Medicaid it would only be $2 for that drug I think. Medicare it might be ,I'm thinking, $170-ish I think. My SSI next year will be $770 a month and that has to cover housing, utilities, supplemental food, various expenses and a little saved for emergencies a month and well you can tell for a lot of us it would be a huge burden. So any idea on how this would work for people in my shoes?
Thirty seven percents in taxes?? LOL!!! More like $520/week or $2,160/month. A gross income of $30,000 doesn't get taxed much if at all. More like $2,800. But the $15/hr would likely net $2,160/month. So your argument is kaput. Your source is a capitalist one and not interested seeing the current healthcare system end.
