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Just hours before the next Democratic debate in South Carolina, Bernie Sanders has dropped a bomb by unveiling his detailed Medicare for all healthcare plan.
Here are the details from the Sanders campaign:
In a nation that now spends $3 trillion a year on health care – nearly $10,000 per person – Sanders’ plan would save consumers money by eliminating expensive and wasteful private health insurance. The plan would save taxpayers money by dramatically reducing overall health care costs and bringing down skyrocketing prescription drug prices which are far greater in the United States than in any other country.
The typical family earning $50,000 a year would save nearly $6,000 annually in health care costs, Friedman calculated. The average working family now pays $4,955 in premiums for private insurance and spends another $1,318 on deductibles for care that isn’t covered. Under Sanders’ plan, a family of four earning $50,000 would pay just $466 per year to the Medicare-for-all program.
Businesses would save more than $9,400 a year in health care costs under Sanders’ plan. The average annual cost to the employer for a worker with a family who makes $50,000 a year would go from $12,591 to just $3,100.
The shift to universal health care would be paid for with a 2.2 percent health care premium (calculated under the rules for federal income taxes); a 6.2 percent health care payroll tax paid by employers; an estate tax on the wealthiest Americans and changes in the tax code to make federal income tax rates more progressive.
Under the plan, individuals making $250,000 to $500,000 a year would be taxed at a rate of 37 percent. The top rate, 52 percent, would apply to those earning $10 million or more a year, a category that in 2013 included only the 13,000 wealthiest households in the United States.
Additional savings would be achieved from reducing outlays for taxpayer-supported health care expenditures.
The plan would save taxpayers money by dramatically reducing overall health care costs and bringing down skyrocketing prescription drug prices which are far greater in the United States than in any other country.
The typical family earning $50,000 a year would save nearly $6,000 annually in health care costs,
originally posted by: forkedtongue
That is my question as well.
I shouldn't be forced to buy anything just because I exist!