The United States needs to create a single payer healthcare system. This means the government pays for everyone’s basic healthcare needs. This will prevent middle class people from going bankrupt when they need medical procedures. Sweden, France, Japan, Germany, the Netherlands, Canada, Switzerland, and Britain have single payer healthcare systems and their citizens do not go bankrupt because of medical bills. Yet, medical bills bankrupt 1.7 million Americans every year, even though 75% of them have health insurance.[i] For example, Simon and Marsha Sutherland, living in Orlando, Florida, both had good jobs.[ii] She was a teacher and he was a manager of a pizza restaurant. They had a combined income of $100,000 a year and were enrolled in two major health insurance plans. After their daughter Ellie was born, she had a seizure and was in the intensive care unit for 25 days. The bill was $74,000. The doctors could not determine what was wrong with Ellie, who had major medical problems. She was hospitalized twice and needed weekly visits to specialists for her ears, eyes, and spine. Bills accumulated and Marsha had to quit her job to care for Ellie. They were denied Social Security disability and Medicaid. Even with only a single income, they earned too much to qualify for either program. The family went into foreclosure and bankruptcy after nearly four years of high medical bills. Despite all the treatment, Ellie died at age three in 2011. This is heartbreaking. The least the government can do is ensure that families have enough money to avoid bankruptcy. A single payer healthcare system would prevent Americans from going bankrupt because health care costs would be shared across one large risk pool, that includes all 330 million Americans.[iii] The government should pay for healthcare so if your child has a disease or you get in a car accident you will not go bankrupt.
“Bernie Sanders’s Medicare for All plan has been estimated to cost $1.38 trillion per year.
THE PLAN WOULD BE FULLY PAID FOR BY:
- A 6.2 percent income-based health care premium paid by employers.
Revenue raised: $630 billion per year.
- A 2.2 percent income-based premium paid by households.
Revenue raised: $210 billion per year. This year, a family of four taking the standard deduction can have income up to $28,800 and not pay this tax under this plan.A family of four making $50,000 a year taking the standard deduction would only pay $466 this year.
- Progressive income tax rates.
Revenue raised: $110 billion a year.Under this plan the marginal income tax rate would be:
- 37 percent on income between $250,000 and $500,000.
- 43 percent on income between $500,000 and $2 million.
- 48 percent on income between $2 million and $10 million.
- 52 percent on income above $10 million.
Taxing capital gains and dividends the same as income from work.
Revenue raised: $92 billion per year.
Limit tax deductions for rich.
Revenue raised: $15 billion per year. Under Bernie’s plan, households making over $250,000 would no longer be able to save more than 28 cents in taxes from every dollar in tax deductions.
The Responsible Estate Tax.
Revenue raised: $21 billion per year.This provision would tax the estates of the wealthiest 0.3 percent (three-tenths of 1 percent) of Americans who inherit over $3.5 million at progressive rates and close loopholes in the estate tax.
Savings from health tax expenditures.
Revenue raised: $310 billion per year. Several tax breaks that subsidize health care (health-related “tax expenditures”) would become obsolete and disappear under a single-payer health care system, saving $310 billion per year.
Benefits of Medicare For All:
This plan will cost over $6 trillion less than the current health care system over the next ten years.
The typical middle class family would save over $5,000 under this plan.” [iv]
[i] The Human Face of Obamacare by John Geyman
[ii] The Human Face of Obamacare by John Geyman, Location 480 out of 3292 on Amazon Kindle
[iii] The Human Face of Obamacare by John Geyman