Will the increase in your taxes be more than your insurance premiums?
Yes....Number one issue. The money we pay for insurance premiums is deducted before taxes. In other words, employer provided insurance coverage is essentially income that is not taxed.
It is highly unlikely employers will at the onset of a single payer system begin paying their employees the equivalent of the expense absorbed by the company's share of the premium. Therefore every worker would
lose that pay. In effect, that is a tax. Second, every person would see their taxes increased. And the source of single payer funding will have to be more regressive than progressive in nature. for example, it is not likely the lowest earners will see much of an increase in their income or payroll taxes. However, there will be new taxes and fees unrelated to income such as fuel taxes, a national sales tax, taxes on alcohol, firearms, pharma companies( passed along to consumers) health and exercise equipment, obesity and behavior.
Our freedoms will be greatly eroded as government seeks to control costs be regulating behavior in a manner that would cause the Framers to roll over in their graves.
As a victim of Commie Care, let me explain how it works when you lose your employers plan:
First of all there is no way for an employer to transfer funds to an employee for an individual plan. The only way to do that is with a pay increase. Along with a pay increase comes all the other increases that most don't realize. The employer has to match the larger medicare contribution by the employee, the larger SS contribution by the employee, workman's compensation insurance increases along with unemployment insurance. In my case, my employer contributes a generous amount to our retirement plan which of course increases.
My employer was paying $425.00 a month for my coverage. After he deducted all the additional expenses it took to give me that pay increase, I ended up with about $200.00. Then (as you stated) that additional $200.00 is taxed as payroll.
In short, that money my employer used to use to provide us coverage was eaten up in taxation because Commie Care didn't provide for a dollar to dollar transfer of that money to an individual plan.
To add insult to injury, when I went to my tax preparer, I found out that Commie Care got rid of my medical expense deduction. You now need a minimum of $10,000 of medical expenses before you can deduct anything.
Ray
Do you EVER quit whining and take responsibility for yourself and your situation? If it aint the government its your employer if it aint your employer its the poor people.
Find a better job. thats the mantra of your kind. Your employer dont OWE you jack shit. Right? Including HC. You should be GLAD that you still have access to HC. Because your employer dont OWE you jack shit. Right.
Damn that ACA.
Both my under 25 student children having medical coverage.
My 30 year old has medical insurance and also has a medical condition that would have kept her from being insured
prior to the ACA.
My wifes company is our heath insurance provider and the rate of increase in premium costs has slowed.
Well care fully covered. etc etc.
Yea the ACA is the pits I tell you.
If not for Commie Care I would have insurance today by my employer. But because of Commie Care, my employer dropped our coverage. That's not my fault, that's the fault of all the Commies that voted for this jerk.
What if we get a GOP President and he makes law that everybody has to buy a brand new SUV? Would you approve of that? Granted, a new SUV is cheaper than health insurance, but it's something that's not affordable for many people.
When you elect Commies and they inflict a huge expense on people, and then people can't afford that huge expense, you blame the people instead of your inability to choose a real American to lead the country. Yeah, I know, I know, it's never the Democrats fault.
Your employer DOES NOT OWE you ANYTHING. And that includes HC. the employer does not owe you a living wage, Health care or anything else. Your employer exists to make themselves well off. Not you. I learned all that from the right wingers on here. So why you bitching that your employer dropped health care coverage?
Did your employers bottom line improve when he dumped his employees off the company health care plan? Good for him eh?
Where does your employer get his HC? the ACA?
I have three friends who didnt make the greatest choices in life concerning employment. Kinda like you I think.
they had no, none, health insurance for many many years. And their health suffered BECAUSE they couldnt afford care.
Now they can. NOw they do and now they are living in better health
Why the **** would I complain about my friends and my family having health care?
I dont.
Is it perfect? **** no. Single payer was the way to go.
But its better than nothing.
Btw, where is that Repub alternative? Been years waiting for that bit of good news. LMAO.