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No, I've tried several times to explain the basic math to you. There's not enough 1%-ers and they don't earn enough money to pay enough in taxes to fund health care for all 327 million people in the US. The middle class earns the bulk of the income, and therefore they'll have to pay the bulk of the tax revenue required to fund it.
How is that the bulk? It's an equal per capita share. Everyone pays the same costs. Just like a middle class person and a billionaire going to the same store to buy, for example, a head of lettuce. Both pay the same price. And food is an even greater necessity of life than access to health care.
Lol. Yes, it is the same per capita, so middle class pays the bulk of the grand total CURRENTLY, more middle class folks than billionaires. If you base it on percentage, the balance shifts. How much, depends on particular numbers. Percentages and cutoffs if any.
I really don't understand what's so hard to grasp. Take example of current Medicare tax, a billionaire pays much more per person because it is based on percentage ( and no upper income limit)
Lol. Yes, it is the same per capita, so middle class pays the bulk of the grand total
No, they don't. Medicaid (public assistance health care for the poor) spending is $630 billion/year and climbing, and a highly disproportionate amount of that is paid for by the top 1%. How do we know? By comparing share of income to share of federal income tax revenue paid.
Top 1% households earned 19.72% of the income, but paid 37.32% of the federal income tax revenue.
Households with an income between $40,078 and $139,713 (and middle class goes well beyond a $140,000 income) earned 41.85% of the income, but only paid 27.49% of the federal income tax revenue.
So, the middle class isn't even close to paying their fair share, they're contributing LESS than they take in federal government benefits and services, while the top 1% is paying nearly TWICE their fair share.
There's enough money in the US health care system right now to pay for medicare-for-all nearly twice over. We spent $3.65 trillion in 2018: $11,000 for every person in the country. We have the most cost-inefficient health care system in the world. Compare to Canada which spent $253 billion last year, for $6,839 per person. It's a ludicrous state of affairs.
No, they don't. Medicaid (public assistance health care for the poor) spending is $630 billion/year and climbing, and a highly disproportionate amount of that is paid for by the top 1%. How do we know? By comparing share of income to share of federal income tax revenue paid.
Top 1% households earned 19.72% of the income, but paid 37.32% of the federal income tax revenue.
Households with an income between $40,078 and $139,713 (and middle class goes well beyond a $140,000 income) earned 41.85% of the income, but only paid 27.49% of the federal income tax revenue.
So, the middle class isn't even close to paying their fair share, they're contributing LESS than they take in federal government benefits and services, while the top 1% is paying nearly TWICE their fair share.
Lol, suddenly out of the blue switching to Medicaid now? Why, remember we were talking about private insurance vs Medicare.
Oh, and btw, the middle class does not use Medicaid, so quite irrelevant comment, as usual.
And, yes, the marginal income tax rates increase with the income, not sure what's your point there either.
There's enough money in the US health care system right now to pay for medicare-for-all nearly twice over. We spent $3.65 trillion in 2018: $11,000 for every person in the country. We have the most cost-inefficient health care system in the world. Compare to Canada which spent $253 billion last year, for $6,839 per person. It's a ludicrous state of affairs.
Canadian health care doesn't cover everything. 75% of Canadians buy or earn (employment benefit) supplemental private health insurance to cover what Canadian health care doesn't.
Lol, suddenly out of the blue switching to Medicaid now? Why?
Because Medicaid is included in total US health care costs. The middle class isn't pulling their weight in contributing to paying for the cost of Medicaid.
Last edited by InformedConsent; 07-30-2019 at 03:41 PM..
Canadian health care doesn't cover everything. 75% of Canadians buy or earn (employment benefit) supplemental private health insurance to cover what Canadian health care doesn't.
I listed the average total payment, so it's still 36% cheaper for Canada to supply their population's health care.
Because Medicaid is included in total US health care costs. The middle class isn't pulling their weight in contributing to paying for the cost of Medicaid.
Your original claim was that medicare for all type of plan will shift more of the HC cost towards the middle class. That claim was incorrect for the reasons mentioned. The end.
And if medicaid is your actual gripe, than you should be very happy with the switch to medicare-for-all type of coverage.
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