healthmyths
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- Sep 19, 2011
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- #21
And how's all that working out for America?I have no idea what the OP is trying to say. He is very confused.
But here is how Warren claims she will pay for her socialized medicine plan:
Elizabeth Warren releases plan to fund Medicare for All, pledges no middle class tax hike - CNNPolitics
- Employer contributions: Instead of paying premiums to insurers, companies would send an estimated $8.8 trillion over 10 years to the federal government as an "Employer Medicare Contribution."
- Taxes on the wealthy: Billionaires would be subject to a new tax of three cents on the dollar on net worth above $1 billion. This is in addition to the wealth tax she announced earlier this year, which would also place a 3 percentage point levy on billionaires. Also, the wealthiest 1% would be taxed on capital gains income annually, rather than at the time of sale, and the capital gains rate would be raised to match income tax rates. Combined, this would raise $3 trillion.
- Reducing tax evasion: Warren argues that she can collect $2.3 trillion by empowering the Internal Revenue Service to crack down on tax evasion and fraud, redirecting the agency's focus to high-income earners.
- Levies on financial sector and large corporations: Warren would impose a financial transaction tax of .01% on the sale of stocks, bonds and derivatives. She would also make several significant changes to corporate tax law. All together, these would generate $3.8 trillion.
- Taxing additional take-home pay: Since employees would no longer have to pay their share of health care premiums, their take-home pay would go up. This would raise $1.4 trillion.
Right now there are 1,400 health insurance companies that employ over 450,000 people. These companies also pay over $100 billion in
Federal, state and local taxes including property taxes.
Eliminate these companies means instead of :
1) 450,000 people paying in along with their employer FICA taxes of 13.4% or at average of $50,000/employee per year: $3 billion a year.
2) 450,000 people on unemployment pay for 99 weeks at average of $246/week or $11 billion per year.
3) Then of course $100 billion in Taxes will NOT be paid... per year.
4) Empty buildings where insurance companies located lower tax revenue on cities,states,etc.
5) One of the biggest savings would come from no more medical malpractice lawsuits being filed...
The average malpractice payment for 2018 was $348,065 or approximately $4,031,987,700 paid to plaintiffs
Medical Malpractice Payout Report for 2018
So do you think these lawyers will allow this???
Let me remind you:
U.S. Health Care Costs Skyrocketed to $3.65 Trillion in 2018
Health Insurance Costs Surpass $20,000 Per Year, Hitting a Record
Yea and I bet you are a lawyer too that has contributed to nearly $1 trillion in WASTED health care cost known as "Defensive Medicine"!
Proof???
Prove these physicians are wrong which YOU can't because YOU are not a physician!
And just for clarity... THIS HAS NOTHING to do with malpractice insurance costs. This is to prevent malpractice lawsuits of which there
are
Knowing the medical malpractice statistics can help one realistically assess their situation. Approximately 15 percent of all personal injury and wrongful death lawsuits filed throughout the nation result from medical malpractice. This translates into roughly 20,000 medical malpractice claims filed each year, despite estimates that up to 120,000 annual cases of medical negligence occur.
Medical Malpractice Statistics and Lawsuit Information - Medical Malpractice Law Firm
JUST a note... why don't you provide LINKS to substantiate your statements...too lazy???