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Insurance companies DO offer coverage for pre-existing conditions under certain circumstances, including a MUCH higher insurance premium and/or a waiting period before the condition will be covered.
Currently we spend $10K per person, or $40K for family of 4.
Total spending today is $3.5T per year or $35T in 10 years, and medicare for all is estimated at $3.2T, so basic math shows savings of $2T over 10 years and everyone would be covered.
Exactly. Just charge each person $10,000/year in taxes to cover the cost. If they can't pay, they're not insured.
Someone can avoid healthcare insurance until they need it and then only get it when they need it. Like buying home insurance after your is a smoldering pile of ashes.
Look, I support a national health care system similar to France's, but requiring all preexisting conditions is absurd to the companies under the current system.
Total spending today is $3.5T per year or $35T in 10 years, and medicare for all is estimated at $3.2T, so basic math shows savings of $2T over 10 years and everyone would be covered.
Aside from the fact these are bushy tailed estimates and based on assumptions that offering paid healthcare for millions without healthcare won't result in greater use of healthcare (more spending), it double counts some spending. The spending today includes your deductibles, co-pays, and premiums. The total for medicare overlooks that there would still be deductibles, co-pays, and premiums. Medicare is not cost-free to recipients.
Aside from the fact these are bushy tailed estimates and based on assumptions that offering paid healthcare for millions without healthcare won't result in greater use of healthcare (more spending), it double counts some spending. The spending today includes your deductibles, co-pays, and premiums. The total for medicare overlooks that there would still be deductibles, co-pays, and premiums. Medicare is not cost-free to recipients.
Currently we spend $10K per person, or $40K for family of 4.
Total spending today is $3.5T per year or $35T in 10 years, and medicare for all is estimated at $3.2T, so basic math shows savings of $2T over 10 years and everyone would be covered.
The numbers are based on a study by Koch brothers. It was intended to show the un-affordability of it, but accidentally showed it would save money,
I've ran thru the numbers using my wife and I's yearly income , and what we currently pay for healthcare using the tax rates, VAT , etc that Canada uses and what the Netherlands use.
Both come up costing us more, the Canadian model comes really close though , within a few thousand. The Netherlands model would cost us something like $30k more.
Now if something happened and we had to pay our $7500 deductible , the Canadian model would benefit us.
So, like I've been saying all along. Universal or single payer health care helps some, at the cost of others. If it was a close as the Canadian system , I'd be open to possibly a change to that. Personally , I don't see how they can keep it funded. They have a smaller population and higher unemployment.
Well.. a Medicare for all, should cut costs from 18% of GDP to 12%. Still the most expensive in the world.
But, the cost pr person goes from 10.000 to 6600.
Then, its not fully paid for by income tax. Its also covered by their employer, sales tax, sin tax etc..
Keep in mind, not every employer offers healthcare, do you plan forcing them to ? I'm sure you know where that money will come from.....the worker bee's.
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