healthmyths
Platinum Member
- Sep 19, 2011
- 29,185
- 10,638
- Thread starter
- #41
I'm waiting for PF to provide the proof plus totally refute my last post. Where are your FACTS?
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Indeed, privatizing costs more money.Excellent question.I'm curious where the $3.5 - $4 trillion a year to pay for health care expenditures would come from. That number will jump to $10 trillion by 2026. How will you fund it?The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.
Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.
Short answer, it would cost you less. The administration cost of single payer is about 3%. So if you need $5000 in care it would cost $5150.
The for profit system is more. The administration cost is about 30%. So that same $5000 in care would cost you $6500. Add to this the co pays and deductibles.
Let's say you are paying $8000 per year for a half assed plan with co pays and deductibles. Would you trade that for $5000 in higher taxes and have everything covered 100%?
Plus, there are a lot of monkey motions that would be eliminated.
That is also entirely false.
Administrative costs are not 3%. That's a statistical lie. Of the money given to Medicaid, roughly 3% goes to operating the Medicare administration, and 97% is paid out.
But is the money given to Medicare all administrative free? No it is not. The IRS spends billions collecting that tax money. That $5000 in care, with the $5150 in cost, doesn't include the $1000 the IRS spent paying accountants to file your taxes.
On top of that, is that $5000 in care, all going to care? No it is not. Medicare pays insurance companies a fee, to process Medicare patients. So some of that $5000 payout is going to administration, but is not calculated by Medicare.
Entirely false. You bought a bunch of lies.
American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.
Thankfully we have such a business hating business expert among us.
Now, do you think increasing taxes and regulations, or decreasing taxes and regulation would make it more likely for these evil corporations to invest into American economy? Just wondering...
I think that if these corporations were inclined to invest in the American economy, they have had plenty of opportunity to do so in the past 8 years. Anyone who thinks that taxes and regulations are driving business away, really doesn't like like clean water, or infrastructure improvements, safety conscious employers, or working in buildings which are built to code and in no danger of collapsing, while receiving a living wage.
There are 5 million jobs in the US which employers can't fill. How about putting some of that cash to work retraining people to fill those jobs?
Apparently, you didn't read the part where Ireland lowered taxes, at the expense of their middle class, and got no jobs in the bargain. If the idea is to create jobs, cutting taxes doesn't work.