Friendly reminder that the evidence is overwhelming that single-payer healthcare in the US would result in better healthcare coverage while saving money overall.
Similar to the above Yale analysis, a recent publication from the Congressional Budget Office found that 4 out of 5 options considered would lower total national expenditure on healthcare (see Exhibit 1-1 on page 13)
None of this should be surprising given that the US’s current inefficient, non-universal healthcare system costs close to twice as much per capita as most other developed countries that do guarantee healthcare to all citizens (without forcing patients to risk bankruptcy in exchange for care).
My current health insurance is $500 a paycheck, or roughly $12,000 a year, just for the insurance.
Then my deductible is $4,000. Meaning the insurance doesn’t cover ANYTHING until I pay an additional $4,000 out of my own pocket towards medical bills.
So, once I’ve essentially paid $16,000 to my insurance they start covering my medical bills 80/20. They cover 80%, I’m responsible for the other 20%.
And on top of all that I’m still getting taxed 25% from the feds. So literally, you could raise my taxes another $16,000 a year on top of the 25% and I’d still be better off than I am now if I never saw a medical bill again.
The problem is, Americans absolutely can not stand the thought of “their” money helping another person even if it’s greatly helping them. Me personally, I don’t give a shit if the government took $16,000 from my paycheck and it went to someone else because my life will still be way better than it is now….
Edit: wow! Just happened to check Reddit after working all day and didn’t realize this blew up! Thanks everyone for the awards. It’s going to take me a while to go through comments and answer any additional questions everyone has.
ILikeScience3131 on July 10th, 2021 at 13:20 UTC »
Friendly reminder that the evidence is overwhelming that single-payer healthcare in the US would result in better healthcare coverage while saving money overall.
Taking into account both the costs of coverage expansion and the savings that would be achieved through the Medicare for All Act, we calculate that a single-payer, universal health-care system is likely to lead to a 13% savings in national health-care expenditure, equivalent to more than US$450 billion annually based on the value of the US$ in 2017 .33019-3/fulltext)
Similar to the above Yale analysis, a recent publication from the Congressional Budget Office found that 4 out of 5 options considered would lower total national expenditure on healthcare (see Exhibit 1-1 on page 13)
None of this should be surprising given that the US’s current inefficient, non-universal healthcare system costs close to twice as much per capita as most other developed countries that do guarantee healthcare to all citizens (without forcing patients to risk bankruptcy in exchange for care).
RurikTheDamned on July 10th, 2021 at 14:06 UTC »
What's funny is I'm in Scotland and my tax is 20% and I get healthcare.
Die-Ringer on July 10th, 2021 at 15:06 UTC »
My current health insurance is $500 a paycheck, or roughly $12,000 a year, just for the insurance.
Then my deductible is $4,000. Meaning the insurance doesn’t cover ANYTHING until I pay an additional $4,000 out of my own pocket towards medical bills.
So, once I’ve essentially paid $16,000 to my insurance they start covering my medical bills 80/20. They cover 80%, I’m responsible for the other 20%.
And on top of all that I’m still getting taxed 25% from the feds. So literally, you could raise my taxes another $16,000 a year on top of the 25% and I’d still be better off than I am now if I never saw a medical bill again.
The problem is, Americans absolutely can not stand the thought of “their” money helping another person even if it’s greatly helping them. Me personally, I don’t give a shit if the government took $16,000 from my paycheck and it went to someone else because my life will still be way better than it is now….
Edit: wow! Just happened to check Reddit after working all day and didn’t realize this blew up! Thanks everyone for the awards. It’s going to take me a while to go through comments and answer any additional questions everyone has.