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I have Canadian friends who pay about $150 a month for health insurance. All routine procedures and prescriptions are covered. Big ticket procedures are also covered but take much longer to schedule. They seem to be pretty happy with it.
You would have to look up individual studies and see if they have any specifics to how taxes would be affected and how that might affect your individual circumstances. We already know you pay through automatic deductions when you receive your paycheck plus anything additional that might get allocated from income tax collections. How these amounts would get affected I haven’t checked. I do know that the primary source of savings is no longer having money deducted from your check if you’re enrolled in healthcare, no longer paying copayment or deductibles on said plans, and a reduction in the cost of prescription medications. For the average family of four who carry the average range of insurance this would save them 12,000 dollars before factoring changes to taxes.
People fell for the ‘you will save 2500’ nonsense, they’re not going to fall for this again.
So there would actually be a tax decrease by insuring everyone? Sounds implausible.
I think it means there would be a decrease in tax+insurance premiums.
I believe the initiative needs to come from the business community, which will persuade GOP to pass universal healthcare. If it comes from the Dems, the GOP will fight it tooth and nail to prevent it from passing, and if it passes, they will fight tooth and nail to force it to fail, like they are doing with ACA.
I agree with the other poster who said it is surprising the business community is not pushing for it, because it would save them a lot of money. Business savings is the conservative argument for universal HC system.
The article in question was designed to discredit universal health care but it accidentally concluded it would save "only 4%" in total health care spending.
On page 18 of the paper, in a section titled “Effects on National Health Expenditures and the Federal Budget,” came mention that under the Sanders plan “national personal health care costs decrease by less than 2 percent, while total health expenditures decrease by only 4 percent, even after assuming substantial administrative cost savings.”
Last edited by Finn_Jarber; 08-02-2018 at 06:09 AM..
People fell for the ‘you will save 2500’ nonsense, they’re not going to fall for this again.
Well, it’s pretty simple by calculating how much you pay now with insurance to see how much you would no longer be paying if you no longer needed it. Please do not compare Obamacare to Singlepayer. You’re comparing apples to cucumbers.
I have Canadian friends who pay about $150 a month for health insurance. All routine procedures and prescriptions are covered. Big ticket procedures are also covered but take much longer to schedule. They seem to be pretty happy with it.
I retired last year and we spent a few weeks in Canada , PEI ....what an amazing place but yes .The People I talked to up there all seemed very happy with their coverage.
And....again.....who pays for it? Quality of care??
Quote:
Originally Posted by GotHereQuickAsICould
I don't understand why American corporations aren't loudly backing universal health care.
It would save them money, making them more competitive with other goods made in other developed nations where financial responsibility is on the people/government rather than corporations.
Insurance companies would be basically out of business. Oh, they'd still be providing supplemental insurance, but that's not nearly as lucrative.
It was a good run while it lasted.
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