2016 Postmortem
Related: About this forumPolitifact Confirms Bernie Sanders’ Healthcare Plan Will SAVE Every American Family $1,200/Year
According to Politifacts recent analysis of Bernie Sanders proposal to expand Medicare to all Americans under his Medicare for All single-payer healthcare system, Sanders plan would save the average household between $505 and $1,823 per year just shy of a $1,200 average cost savings. While this figure is lower than the Sanders campaigns estimate of $3,855 to $5,173 in savings, it still means American families will pay less under single-payer healthcare than they currently do under the Affordable Care Act.
Sanders plan is modeled after single-payer legislation he introduced in 2013, which outlines how the plan would be implemented and paid for on a nationwide scale. First, Sanders would impose a 6.7 percent payroll tax on employers, along with a 2.2 percent healthcare tax on those making less than $250,000 per year. Sanders includes higher percentages for incomes above $250,000 in his legislation (the richest 2 percent of the U.S. population) and a 5.4 percent surcharge on the wealthiest Americans whose modified adjusted gross income is above $1,000,000 (literally less than 1 percent of Americans). Sanders bill also includes a 0.02 percent financial transactions tax on Wall Street trading.
So what are Americans getting in return for all these new taxes? As it turns out, quite a lot.
Bernie Sanders campaign claims the small amount of money Americans will pay in these new healthcare taxes will mean a $0 cost for all healthcare premiums, deductibles, and even copays. Using todays median income of $50,000, the Sanders campaign made the below chart to illustrate how much the average family would save under both Sanders healthcare plan compared to Clintons plan
http://usuncut.com/news/bernie-sanders-healthcare-plan-would-save-the-average-american-family-1200/
Being able to provide comprehensive healthcare to all Americans while generating an annual surplus of $5.1 billion is kind of a big deal.
leftofcool
(19,460 posts)And while you are at it, where is bernie's tax plan? You know, the one he promised to release before Iowa?
Bubzer
(4,211 posts)"where is Bernie's tax plan? You know, the one he promised to release before Iowa?" - Oh, so, the Iowa caucus has happened? New to me...
Bubzer
(4,211 posts)The answer to your question is immediately after the portion of the story I linked. Go. Read. learn.
pugetres
(507 posts)that we could save more than $1 trillion a year by adopting any other advanced nation's healthcare system.
http://www.reuters.com/article/us-healthcare-clinton-idUSTRE7566U520110607
He also states, "That means if we just scrapped our system and adopted any other wealthy country's system, at a minimum we would have a trillion dollars more a year for pay raises, for investment in new technology, to create new jobs or whatever."
He said resistance to change, in addition to political maneuvering, is part of what is keeping the government Medicare program from any meaningful reforms."