'Easy to Pay for Something That Costs Less': New Study Shows Medicare for All Would Save US $5.1 Trillion Over Ten Years | Common Dreams
www.commondreams.org
"Medicare for All promises a system that is fairer, more efficient, and vastly less expensive than America's bloated, monopolized, over-priced and under-performing private health insurance system."
  • pound_heap@lemm.ee
    210·
    3 months ago

    The header is misleading. Read the article and the details of that research. To make it work they propose to add 3.75% sales tax on everything except necessities, wealth tax for >$1mil net worth, tax capital gains as ordinary income, and keep existing Medicare paycheck tax same and employers contributions but slightly smaller.

    It might be fairer system, and it will be more humane system for lower middle income folks who cannot afford health insurance and don’t qualify for Medicaid.

    But it’s a lot of new taxes. They say that for top 20% earners the net healthcare cost will be higher. And all the lobbying from insurance business… i just don’t see this could pass.

    • Olgratin_Magmatoe@lemmy.worldEnglish
      16·
      3 months ago

      We either:

      • pay $3,240,000,000,000 to the middle men/corpos/yacht funds every year

      • pay $2,930,000,000,000 to the government to provide actual service without bullshit denials of service

      The cost is overall less, but shifted to taxes, which is how basically every other country that has their shit together does it. The choice is pretty obvious for anybody even slightly paying attention.