Here are the numbers:
1. According to Medicare's website, Medicare covers almost one seventh of the population.
2. To be able to do so, it requires 3% of the entire salaries, of every working person in the US.
3. To expand Medicare to cover everyone in the US, you take the rate (3%) and multiply by the 7 (to accomodate the other 6/7 of the population).
4. This means to fund Medicare for all, there needs to be a 21% tax added; a flat tax, the rich pays 3% now and will pay 21% later, so will the poor.
The result by category:
1. You're wealthy, you are going to pay more taxes.
2. You're middle class and currently have health insurance through your work: You just lost that option and pay more for lesser coverage
3. You're middle class and one of the 30 million people who wanted to risk not having coverage: U no longer get that choice.
4. You're one of the six million that couldn't afford health insurance. This plan helps U
5. You're on medicare now, you now pay 21%, not 3%
2007-08-23
07:57:21
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4 answers
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asked by
Ricky T
6