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originally posted by: BELIEVERpriest
a reply to: LumenImagoDei
Because that would eliminate competition and the cost of healthcare would continue to rise as it is today. On top of that, quality of care would diminish and treatment options would be limited. Oh yeah, thats what we have today! Why? Because the government chokes it out with regulation.
originally posted by: ganjoa
It's like this: the medicare tax is a bit too low to support the unbridled capitalism of the massive healthcare industry.
Don't forget, people on Medicare have to pay premuims to Uncle Sam in addition to their "Supplement", "Advantage" or "Comprehensive" plans paid to insurers.
Even though a few years back the "cap" was lifted off Medicare (or for most wage earners anyway), there's still not enough money to support the system of corporate profits necessary to support the "economy".
Social Security (FICA) has a maximum effective tax amount, basically a wager earner "pays out" at around $120,000 salary.
So if you're a CEO pulling down $1.5million, you'll pay FICA tax in January, and you're done for the rest of the year.
In my view, this needs to be addressed, cap lifted, and let the tax money flow into the "loaned out" funds we're desperately "missing".
originally posted by: ultimatewarrior4
a reply to: windword
Canadian here. Health care in Canada sucks big time. You have to wait hours just to see a nurse.
I should be able to choose which doctor I want based on itemized price of services and treatment.
The way things are today. Most doctors dont even tell patients how much visits and procedures will cost, because they usually overcharge the insurance companies. If we allow the system to operate with competition, prices will drop drastically.
originally posted by: xuenchen
So how much would payroll tax need to be for all Citizens covered ?
Keep in mind too that Medicare recipients pay extra for Part B, and for supplemental policies.
Lots of questions.