by Sandy » Mon Feb 24, 2020 7:39 pm
Of course, conservatives who are oppose to this plan love to use the "T" word and leave the false impression that you are going to pay more because your taxes will go up. Except if you go on medicare, you will not have to pay the price of insurance premiums, which include a hefty amount calculated in for paying profit dividends to their stockholders out of money you are paying to cover some of your medical costs. What will happen is that your premiums, anywhere from $750 to $1,250 per person per month, will go away completely, and you will have a payroll deduction from your paycheck for the medicare that will be somewhere around $400 a month. Depending on whose plan is adopted, you would pay a small copay when you went to the doctor or hospital, that's all folks. The amount generated by the Medicare tax would cover medical expenses at current retail profit prices. Further reform of the system, along the lines of removing the profit from hospitals and medical care, still allows for paying professionals their salary and covering operating expenses, all that is removed is the dividend payments, drops the cost of care, saving the consumer more money.
I have 10 people on our school's current health care plan. Monthly, we pay $6,500.00 on $9,890.00 worth of premiums with the employee paying the balance in a payroll deduction. I could offer all of our employees a full reimbursement for the cost of their medicare, or just add it to their salary check each week if we had medicare for all.