How much would 'Medicare-for-all' REALLY cost the middle class? The answer is shocking

[Vambo]

JUSTIN HASKINS: How much would 'Medicare-for-all' REALLY cost the middle class? The answer is shocking

If "Medicare-for-All"’s total cost for the first 10 years is in line with projections produced by the American Action Forum, Mercatus Center, and Urban Institute—roughly $32 trillion to $38 trillion—I estimate 40 million to 60 million households would end up paying more in new taxes than they would receive in health care benefits. Millions of these households would lose more than $10,000 annually, even if it is assumed they would otherwise need to pay a full health insurance deductible and some out-of-pocket expenses under a private health insurance model.

 

Contrary to the claims made by the leading Democratic candidates, millions of middle-class earners would be hit particularly hard under "Medicare-for-All." For example, filers earning $50,000 to $75,000 would likely need to pay on average $7,773 to $9,171 more in new taxes. Those families earning $75,000 to $100,000 would pay $12,612 to $14,880 more. Most households with more than $100,000 income would pay close to or more than $20,000 in additional taxes.

In many cases, these costs far outweigh the projected average employee contribution for employer-provided health insurance—about $1,965 for individuals and $6,752 for families.

Although some proposals would offset these costs by imposing wealth taxes and additional business taxes not included in my analysis, I found that these would have a relatively small effect on the tax burden imposed on individuals and families. The wealthy and businesses simply do not have enough money to cover the massive costs of single-payer health care.

To illustrate this reality, consider the following: Even if the federal government were to confiscate every penny belonging to every single one of the richest 400 Americans—including billionaires like Bill Gates and Jeff Bezos—it would only amount to less than $3 trillion, which is less than 10 percent of the cost of single-payer health care in the first 10 years alone, even under the most optimistic scenarios.

[calfoxwc]

LOL

I was just going to post this.

The numbers don't matter to the left - it's emotionally stimulating for them, and that is all that matters.

https://www.heritage.org/budget-and-spending/report/the-many-real-dangers-soaring-national-debt

[Clevfan4life]

medicare for all is a no go unless the food industry is dismantled, than it could work. 

[Westside Steve]

7 hours ago, Clevfan4life said:

medicare for all is a no go unless the food industry is dismantled, than it could work. 

That's not completely untrue.

WSS

[The Cysko Kid]

Expound

[Westside Steve]

3 hours ago, The Cysko Kid said:

Expound

Who? Me?

Shall we say that all Medical Care would be much much less expensive if Americans weren't the fattest laziest bunch of motherfukers they never sat down on a couch with a bucket of KFC. If the public is happy to have their food and exercise a lifestyle regulated by the government we would probably all be healthier for it. You think? I don't see it happening because we're still too much of a bunch of pussies to Outlaw cigarettes but hey...

WSS

[DieHardBrownsFan]