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The following also applies to the discussion in this thread...
Other countries with single-payer health care have a VAT tax, with most at 20%-25%. Let's take a look at what that VAT (national sales) tax would have to be in the US to cover the US's $3+ trillion per year spending on health care.
US consumer spending is $11.6 trillion/year (latest published data). That means we need to implement about a 30% VAT on everything, paid by everyone, to fund single-payer health care for all.
Implement adjustments up or down in the VAT rate, as health care spending requires.
A 30% VAT tax is pretty close to many European countries' 25% VAT tax. So, would Americans agree to implement a 30% VAT tax to fund single-payer health care for all?
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Quote:
Originally Posted by craigiri
BTW, China spends $800 per person per year on health care.
You can see a specialist the same day - get an MRI and then go back the specialist.
We spend 15X as much......per person...for MUCH worse care. The reason is PROFITS to the corporation. We have predatory capitalistic health care...which simply does not work. The Hospital makes more if they make you sicker!
Life span in China is 3 years less - but they are catching up quickly.
Our system is a national embarrassment. Just as are many of our other expenditures such as a TRILLION plus on "security" while we could easily cut 30% and be just as "safe".
It's all about the profits, folks. Old Rudy Guliani - son of a criminal - is now making 100's of millions in "security consulting"....
Better start researching more - China is not all SOME of the articles crack it up to be! Just saying!
Dems keep rolling with the death panel threats - unfortunately - due to the amt of people that need care in the US - not only would we face a similar situation like China does today with lng lines and inadequate care - there would be someone deciding that the old guy only has a few years left so we better take care of the younger one.
Patent recognition, meaning they themselves can't reproduce a patented pharmaceutical. It's not illegal, though, to purchase copycat pharmaceuticals from elsewhere.
Having lived and worked and played in both countries.....USA/Canada.
We did have initially more take home pay but that was a wash with what we needed for our HSA to cover the 'co-pays' and things our insurance did not cover.
And the fear of getting really sick or really needing to go to the hospital is real very real in the USA. Limits, deductibles, restrictions on treatments, and high costs ......great incentive for staying away from a doctor.
Patent recognition, meaning they themselves can't reproduce a patented pharmaceutical. It's not illegal, though, to purchase copycat pharmaceuticals from elsewhere.
And this may be the case for some countries and some drugs -- but in Canad they don't do 'copy cat' drugs...they just don't.
Patent recognition, meaning they themselves can't reproduce a patented pharmaceutical. It's not illegal, though, to purchase copycat pharmaceuticals from elsewhere.
That's why I said "not totally". There are problems, but they can't be HUGE problems, or drug companies would not be some of the most profitable companies on the planet.
That's why I said "not totally". There are problems, but they can't be HUGE problems, or drug companies would not be some of the most profitable companies on the planet.
Are you aware of who predominantly gets the profits? Serious question.
The following also applies to the discussion in this thread...
Other countries with single-payer health care have a VAT tax, with most at 20%-25%. Let's take a look at what that VAT (national sales) tax would have to be in the US to cover the US's $3+ trillion per year spending on health care.
US consumer spending is $11.6 trillion/year (latest published data). That means we need to implement about a 30% VAT on everything, paid by everyone, to fund single-payer health care for all.
Implement adjustments up or down in the VAT rate, as health care spending requires.
A 30% VAT tax is pretty close to many European countries' 25% VAT tax. So, would Americans agree to implement a 30% VAT tax to fund single-payer health care for all?
nonsense. 47% of all health care spending in America is already paid for by taxes. You have to be completely clueless to not know that. In fact, Americans pay more in taxes for health care than Australians do for their national health care system (Australians pay less than $4000 per year per person in taxes for health care). But unlike in Australia, Americans also have to prop up insurance companies with large private premiums and deductibles.
A VAT of between 5-10% in America would generate more than enough revenue to fund a national health care system.
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