re: Gillibrand proposes 4% new payroll tax to pay for Medicare for all

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The $3trillion is to open the door. Once the program is in place, it’ll become a necessity like every.other.marxist.scheme. And when you can’t get rid of it, the only choice is to throw more and more money at it to keep it afloat.

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someone has been paying attention

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There are still private insurance companies in the Netherlands. The same holds true in most other European countries.

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And would hold true here. Either supplemental policies would crop up, people would purchase memberships with concierge doctors or people would simply buy additional policies with insurers or some combination of the three.

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Seems woefully insufficient to collect an additional 3.3 trillion in revenue

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Would it have to be additional? We already have Medicare, Medicaid, CHIP, Tricare, and health insurance for federal employees.

We would just need to find the money for everyone else. You'd also be eliminating private employer expenses for health insurance, so you'd get money back from whatever happens to that money (dividends, spending, income taxes on employee pay raises, corporate income taxes on higher profits).

The math could add up.

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The math could add up.

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No it couldn't.

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The math could add up.

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Not even close, even assuming what you did.

The 4% tax wouldn't even eclipse the $100 billion range at this point. You're talking trillions needed, however. Even with your assumptions I could see the necessary total scaling down to maybe $1 trillion instead of $3.3, just by a rough guess.

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Most people on Medicare have to purchase a Medicare supplement to cover these gaps and then you have to add on a separate Part D premium. So you have most folks paying between $300 and $500 per month to cover their premiums, supplements and drug plans.

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That's right. Medicare is very limited.

This would be an 8 percent tax hike on the self-employed, too.

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Haven’t multiple independent studies researched it would cost $20-30 trillion over a 10 yr span?

Love to see the why Gillibrand thinks $3 trillion would do it. Let’s see some facts and statistics.

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In reality it would probably cost 1/10 of that if more folks would handle their regular doctors visits and minor procedures on their own dime. When you eliminate the insurance company for non emergency doctors visits the price is typically 1/2 of what the current system bills the provider. Use pooled money/insurance for major/serious health services. We should also allow all Americans to have a tax deferred HSA that rolls over year to year regardless if they have insurance through their employer.

She is such a waste.

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And would hold true here.

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You are correct. The thing is that most of the people who want Medicare for all don't know that.

Maybe she should stick to what she's an expert on...offering sexual favors for campaign contributions.