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Combine ALL private spending on Healthcare. Both Business, Private and Government today... is that higher or lower then 3.3 Trillion?
The US is in fact spending 2x more then other 1st world countries, which have universal healthcare, with worse outcomes in basically ALL diseases. And running the risk of medical bankruptcy, while tens of millions can't get the healthcare and medicines they need.
You love getting robbed, paying for private healthcare... Conservatives...
Yes, crony/state run health care is expensive. Get rid of both.
Sen. Bernie Sanders' "Medicare for all" plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center.
All other universal health care systems cost less than 12% of GDP. Our current system cost 18% of GDP (50% government/taxes and 50% private).
The amount of waste, fraud and abuse in this most expensive and most privatized for-profit system is insane. Price gouging and rip-offs on an epic scale is what we encourage when we dont control health care costs, and we dont. The administration costs of this system is extremely expensive compared to single payer systems and we are also allowing insurance and pharma companies to run roughshod over the people.
12% of GDP is $2.3 trillion. $1.85 trillion of that would be tax funded in a Medicare-for-all system (80% of health care spending, typical of other single payer countries). We currently pay $1.6 trillion in taxes to fund our current system. A few hundred billion can easily be raised by small tax increases. A 1% universal health care payroll tax and a 4% federal sales tax would easily raise at least $500 billion a year.
So if we spent what other developed nations spend on universal healthcare, all we would need to come up with is another $25 billion dollars?
We spend $610 billion/year on the military.
We could spend $585 billion/year and not even need a tax.
How much are we paying right now for healthcare, with all of the insurance company middle men?
Why don't we just have the government take over everything? Too many middlemen or middlewomen. Instead of super markets we could have bread lines. We could use Cuba, N. Korea or Venezuela model. They all have free healthcare.
The profits made by insurances companies go to salaries and taxes are paid on that which goes back into the economy. It does not just go to a few rich people then disappear.
Why don't we just have the government take over everything? Too many middlemen or middlewomen. Instead of super markets we could have bread lines. We could use Cuba, N. Korea or Venezuela model. They all have free healthcare.
The profits made by insurances companies go to salaries and taxes are paid on that which goes back into the economy. It does not just go to a few rich people then disappear.
You should learn a little bit about economics.
Cuba, NK, and Venezuela would be EXCELLENT countries to emulate. Their citizens all live such wonderful middle-class lives.
Cuba, NK, and Venezuela would be EXCELLENT countries to emulate. Their citizens all live such wonderful middle-class lives.
Yep. Venezuela has equal health care opportunities. they also has income equality, just like Bernie sanders wants for the citizens of the United States. Of course, all the Venezuelans are living in poverty and starving, but at least they have social and income equality!
I'll repeat that it is time someone come up with a neutral, comprehensive and through study to compare the costs between our current system, and universal one. We can't just parrot partisan talking points about Cuba and Venezuela. It makes people look like fools.
Is every country in the world stupid when it comes to economics? Thats why they all have universal health care?
How can people with a straight face believe that something every major developed country does is impossible for us to do?
The question we have to ask ourselves is whether we have the guts to take on the health care industry that fund "studies", universities, politicians in order to rip off the American people.
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