It can get funded because he would close loopholes and deductions to make it work. Either way, the effective tax rate is the 50’s was higher and the world didn’t collapse did it?
Why would the doctors quit? Why would the hospitals close? Based on what? You also forget that we pay per capita more than any nation in the world on earth on healthcare. A socialized system would save us money.
I just explained why hospitals would close and doctors would quit. No business can operate at a loss or even break even for that matter. Do you think an American wants to spend 8 years of their life racking up hundreds of thousands of dollars in loans to become a physician only to work until 50 years old before it's paid off?
There is only one way to approach the healthcare problem, and that is analyze why it's so expensive in the first place. I guarantee you government is mostly responsible for that. After we greatly reduce the cost for healthcare, then let's figure out a way to pay for it. But this approach of paying for something that's out of control cost-wise is pure stupidity. That's why Commie Care is such a failure.
Now as to the tax rate. Yes, people paid higher taxes, but there were not many places left to go. Overseas travel was dangerous and expensive. Communications were antiquated and long distance was expensive, unreliable and the sound quality was miserable.
Today a business owner can pack up and move out of the country with no problem. He can keep track of his investments up to the minute on his or her cell phone. He can have corporate meetings on Skype or other means of virtual gatherings. With radar and satellites, overseas travel has never been safer.
See, what you don’t get is, 1st world countries in Europe have great socialist healthcare systems and there’s no critical shortage of doctors. You act as though our system is the best and when really it is the worst among developed nations. And I’ll tell you why it is worst and the most expensive: it’s a ridiculous for-profit system. People pay for prescription drugs at sky rocket rates. The same drugs in other countries cost a fraction of the same price. That shit is deliberate. Lobbyists made it illegal for Medicare to negotiate lower drug prices.
I don’t understand what point you’re making here. Regardless of the limitations at the time, rich people paid more in effective taxes and the middle class thrived.
I was not alive in the 50's, I was born in 1960, and let me tell you, nobody was thriving back then.
There is no critical shortage of doctors in socialized healthcare? Why don't you visit one country north where people wait forever to have serious medical issues addressed?
Being a truck driver in Cleveland, I often rub elbows with Canadian drivers. While waiting to get loaded or unloaded, we often talk.
I try to bring up the healthcare situation here and there. The younger drivers tell me they love their system. The older drivers tell me to keep what we have, or we will be sorry if in any way duplicate their system.
Show me one country where you think the healthcare system is perfect, and I'll provide several articles saying it's not so, because every country in the world has healthcare issues including the US. Ours may be different in the way of problems, but don't kid yourself thinking they don't have problems as well.
So you want government to control prescription prices? Great idea.
Hillary's Vaccine Shortage
Price controls are proven to be a really bad idea. We have a long history of price control policies going back to the 1930s. Every one of them ended in disaster. The fact that people still propose price controls demonstrates a horrible failure of our education system and a general ignorance of basic economics.
Only competition and efforts to increase the supply can control prices. Government regulation is a big log jam on supply.
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What people don't understand is we are the innovator of many drugs in 70'sthe world. But it's a tedious task as well.
It takes anywhere form 5 to 10 years for a new drug to hit the American market thanks to the FDA and trial lawyers. When a company creates a new drug, it has to undergo all kinds of government testing. It's also hundreds of thousands pieces of paperwork that goes along with it.
But after (let's say) you spent the hundreds of millions of dollars for all this government testing. You invested 7 years of combatting red tape, and now the FDA simply says "No thanks, we will not approve it!" What do you do?
What you do is increase the price of the drugs you already have on the market. That's the problem.
But oh! other countries pay less for drugs than we do!!!! This is true, but other countries also never had to do the testing that our companies have to. So if the drug makes it to our market, they can charge much cheaper prices in other countries where the cost to market the drug is almost nothing because we paid for all the mandated research.
Then there is the liability issue no other country has. Somebody here dies because of a drug. The family can sue them right out of business. So the manufacture of the drugs needs to include a liability cost because somebody somewhere in the US is going to sue them, and we have to pay for that as well.
