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It can be funded by a 5% VAT federal sales tax and a 5% payroll Medicare tax on the employer and 1% employee tax to replace the current system of employer based insurance (which is a cruel and sick system, an extension of slavery).
uhm... so you arer saying 6%(5% from employer and 1% from employee) from income plus a 5% sales( remember that's not 6%+5% of income,,,its 6% of income and 5% of personal spending) would bring in to he government over 3+ trillion dollars
our TOTAL national wages earned is only 18 trillion.... 10% would only be 1.8 trillion.....
uhm... so you arer saying 6% from income plus a 5% sales( remember that's not 6%+5% of income,,,its 6% of income and 5% of personal spending) would bring in to he government over 3+ trillion dollars
our TOTAL national wages earned is only 18 trillion.... 10% would only be 1.8 trillion.....
you math needs glasses
What? I said it would generate $850 billion. 5+1 Medicare payroll tax and 5% VAT federal sales tax.
Your fantasy figures of $5 trillion or ten gazillion (30%++ of GDP) for a single payer system like the rest of the world is just laughable.
Correct. Single payer is exactly that: paid by the Fed Gov. Employer-based health insurance would cease to exist.
Of course it wouldnt cease to exist. Lots of single payer systems have complementary employer based health insurance for extras.
But its not like you lose your job because of cancer and lose your health insurance and are $300 000 in debt after cancer survival. Or you simply cant afford it and just die off.
It can be funded by a 5% VAT federal sales tax and a 5% payroll Medicare tax on the employer and 1% employee tax to replace the current system of employer based insurance (which is a cruel and sick system, an extension of slavery).
Nope. That won't raise the additional $3.2 trillion per year needed to fund it. Remember, ALL the insurance and health care costs shift to the Fed Gov under single payer and only 63% of the labor force is employed. It would take a 25% national VAT tax, paid by everyone on everything, to fund it.
Nope. That won't raise the $3.2 trillion per year needed to fund it. .
Forget that ridiculous sum.
Thats like 23% of GDP and 3.5 times more than the British and 3 times more than the Australian system.
15.5% of GDP in total health care costs and Medicare-for-all covering 80% is a rational assumption. Thats still BY FAR the most expensive health care system in the world, and there will still be lots of price gouging and people getting ripped off, dont worry. If we are more aggressive, we can lower it to 14% of GDP. The insurance industry, big pharma will take massive hits and be brought to heel. But 23-30%+ of GDP is just complete fantasy.
I know that
You know that
Someone seems to want to leave it out of their calculations.
Yep, and they're only fooling stupid people by doing so.
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