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View Diary: Resurrecting reconciliation (121 comments)

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  •  What a crock. (1+ / 0-)
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    nervousnellie

    Where do you see a massive tax increase on the middle class?

    The thing pays for itself with savings of over 300 billion dollars within the first year! Do you even know how much money is wasted on insurance company profits?

    The cost savings to business alone will drive new hiring and new lending. It's the f**king insurance companies that will go up in flames. And Wall Str. will have to retrench: When people will suddenly be able to pay their mortgages, credit default swaps will shockingly be worthless! No sh*t!

    You can look it up here: How do we pay for Medicare For All?

    Feed America and Support HR 676 Healthcare For All Now!

    by ezdidit on Sun Nov 29, 2009 at 03:15:49 PM PST

    [ Parent ]

    •  Hardly any Tax Increase at all !!! (1+ / 0-)
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      nervousnellie

      Switching to a single-payer system will lead to billions of dollars saved in reduced administrative costs. Those savings will be passed on through the system and allow coverage for all Americans. Additional savings in the overall cost of health care will come from annual reimbursement rate negotiations with physicians and negotiated prices for prescription drugs, medical supplies and equipment.

      Second, a "Medicare For All Trust Fund" will be created to ensure a dedicated source of funding in addition to annual appropriations. Sources of funding will include:

      • Maintain current federal and state funding for existing health care programs
      • Closing corporate tax loopholes
      • Repealing the Bush tax cuts for the highest income earners
      • Establish employer/employee payroll tax of 4.75% (includes present 1.45% Medicare tax)
      • Establish a 5% health tax on the top 5% of income earners; a 10% tax on top 1% of wage earners
      • One quarter of one percent stock transaction tax

      Feed America and Support HR 676 Healthcare For All Now!

      by ezdidit on Sun Nov 29, 2009 at 03:35:56 PM PST

      [ Parent ]

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