Small businesses harmed by Obamacare and Federal Rules and Regulations cost $2 Trillion a year!

[Dragonlady]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

 

[Iceweasel]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

The subject is small business, regulations and obamacare.

But to your misdirection, corporations aren't going to invest in a shitty economy. That's WHY they are sitting on the money.

 

[healthmyths]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

Well you are really ignorant when it comes to business!
DUH!!! "DIVIDENDS" are TAXED you dummy!
Then WHAT will the stockholders do with their CASH? Dummy!
1) Put it under their mattress...which I'm sure YOU would do!
2) Bury in the back yard.
3) Put into the bank. OK what does the bank do? Lends it out to who??? Businesses, individuals! GEEZ how dumb you must BE!
4) Buy stocks.
5) Geez here's a novel idea... put that money into a startup venture that say HIRES people???? That turn around and now have a job
and buys things??

Geez I just can't believe how ignorant people are of how the economy works!
Truly a sad example of our education system if you share your ignorance in this manner!

 

[healthmyths]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

The subject is small business, regulations and obamacare.

But to your misdirection, corporations aren't going to invest in a shitty economy. That's WHY they are sitting on the money.

AGREE!

 

[Norman]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

Thankfully we have such a business hating business expert among us.

Now, do you think increasing taxes and regulations, or decreasing taxes and regulation would make it more likely for these evil corporations to invest into American economy? Just wondering...

 

[Dragonlady]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

Thankfully we have such a business hating business expert among us.

Now, do you think increasing taxes and regulations, or decreasing taxes and regulation would make it more likely for these evil corporations to invest into American economy? Just wondering...

I think that if these corporations were inclined to invest in the American economy, they have had plenty of opportunity to do so in the past 8 years. Anyone who thinks that taxes and regulations are driving business away, really doesn't like like clean water, or infrastructure improvements, safety conscious employers, or working in buildings which are built to code and in no danger of collapsing, while receiving a living wage.

There are 5 million jobs in the US which employers can't fill. How about putting some of that cash to work retraining people to fill those jobs?

Apparently, you didn't read the part where Ireland lowered taxes, at the expense of their middle class, and got no jobs in the bargain. If the idea is to create jobs, cutting taxes doesn't work.

 

[healthmyths]

American corporations are already sitting on billions of dollars in profits they're not investing in the American economy. What will happen is this money will be repatriated, and paid out in dividends to the stockholders, since this cash certainly isn't needed to fund jobs here. Corporations have more than enough cash from their American operations to do that.

Thankfully we have such a business hating business expert among us.

Now, do you think increasing taxes and regulations, or decreasing taxes and regulation would make it more likely for these evil corporations to invest into American economy? Just wondering...

I think that if these corporations were inclined to invest in the American economy, they have had plenty of opportunity to do so in the past 8 years. Anyone who thinks that taxes and regulations are driving business away, really doesn't like like clean water, or infrastructure improvements, safety conscious employers, or working in buildings which are built to code and in no danger of collapsing, while receiving a living wage.

There are 5 million jobs in the US which employers can't fill. How about putting some of that cash to work retraining people to fill those jobs?

Apparently, you didn't read the part where Ireland lowered taxes, at the expense of their middle class, and got no jobs in the bargain. If the idea is to create jobs, cutting taxes doesn't work.

Where did you get your information regarding "middle class"???

Now I'm not talking about JOBS here but reasons US companies moved to Ireland. That is the issue at hand. Companies moving for the 6.25% tax rate!
I never believe anyone unless they show the link for substantiating their position. Where is YOURS?
HERE IS MINE!!!

The ACCI’s latest report into foreign direct investment shows that 700 US companies based in Ireland now employ 130,000 people. [note that is nearly 8% of Ireland's 1,848,900 employed people] Number of people at work rises for first time in over four years
The list of major firms operating in the Republic includes Intel, Boston Scientific, Dell, Pfizer, Google, Hewlett Packard, Facebook and Johnson and Johnson.
Four years ago, there were just over 600 American companies based in Ireland, according to the country’s industrial development authority.
The report by Wall Street economist Joseph Quinlan revealed that even in 2013, the first year of a fragile economic recovery, American foreign direct investment rose by 42% to $37bn (£24m). In the same period, total US investment to Europe fell by 19% to $115bn (£75bn).
While big US firms such as Intel have been in Ireland for more than 20 years, several other giants arrived in the Republic when the financial crash occurred in 2008.
In the midst of the crash, Facebook established a presence in Dublin and created 250 jobs. Its European HQ is located in what is now known as the Google Quarter in south-central Dublin.
Google and PayPal, which also use Ireland as a bridgehead into the European market, increased their workforces during the worst years of the recession.
At the world web summit in Dublin’s RDS conference centre last autumn, the IDA and the Irish government announced the creation of a further 1,000 technology jobs, the majority of which were with firms from the US.
In February, Apple announced a further major investment in its long-standing Irish operation with the construction of a giant €850m (£615m) data centre in Athenry, Co Galway. The centre is expected to create 300 new jobs and will be Apple’s largest data collection hub in Europe.

700 US companies now located in Ireland as direct investment soars

Now do you understand? These same jobs could have been here. But nearly 30% of US companies profits go to TAXES... VS 6.25%!
These companies want Americans to have jobs and spend money on their goods and services. But with a nearly 30% disadvantage in the first place,
it is totally within reason that if as Trump indicates 15% with a 10% repatriation... trillions would come back to the USA.
And those trillions would be used to build factories, hire construction, workers, pay local property taxes, pay payroll taxes and YOU don't think that's a good idea???

 

[rdean]

Why do right wingers want other Americans to die?

Rdean feelings based rhetoric vs the facts that point out that regulations costs an enormous amount.

yup, facts never enter into it for these guys.

And save an enormous about of lives.

So why do right wingers want Americans to die?

 

[Norman]

Why do right wingers want other Americans to die?

Rdean feelings based rhetoric vs the facts that point out that regulations costs an enormous amount.

yup, facts never enter into it for these guys.

And save an enormous about of lives.

So why do right wingers want Americans to die?

Why do you want America to be 75% poorer? You must really HATE the poor!

We would have the cure for cancer by now... the FDA would possibly block it as is.

 

[healthmyths]

Why do right wingers want other Americans to die?

Rdean feelings based rhetoric vs the facts that point out that regulations costs an enormous amount.

yup, facts never enter into it for these guys.

And save an enormous about of lives.

So why do right wingers want Americans to die?

So I am a realist! FACTS and links mean more then your subjective ignorant personal opinion!
You have NO problem seeing 730,322 people die in 2011 and 51,923,070 over the past 46 years! Why do you approve of killing people?
Abortion statistics in the United States - Wikipedia, the free encyclopedia
And see I'm more honest then you! I provide the links for my statement! Where are YOUR "LINKS"???

 

[Andylusion]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

That is somewhat true. But it would place more and more taxes on the public, which would be forced to live a lower standard of living, to pay for health care.

Sanders claimed that a mere 6% tax, would cover everything. This is absolute bull crap.

People change how they act, to fit with the incentives they are given. Meaning, as you increase taxes, people hide and conceal, and protect more of their money.

We've already seen this in effect with the un-Affordable Care Act. The Cadillac plan tax, is already causing companies to change their health care plans, to avoid the tax. This is before the tax is even fully implemented, companies are changing how they act in relation to the incentives given.

Every attempt by every country, to try and get the rich to pay for the power, has failed. It has always failed. There isn't one single success in this world, of that belief system.

Sanders is fond of pointing to Norway. Ok, well you pay the top marginal tax rate of 55% at $55,000 a year. Meaning, the vast majority of the middle-class would have to pay drastically higher taxes, to fund a universal healthcare system like Norway.

Why Americans Can't Have Universal Healthcare Like Europeans

Even conservative estimates, claim it would cost at least 20% on all Americans, not just the rich.

Sanders claim, is full of crap.

There are actually a bunch of reasons why, but the biggest is because people are ignorant about how Medicare works. The assumed math is, it costs X amount to cover Y number of people, there for you just multiply that out to a larger population, and collect the amount of taxes to cover it.

The problem is, that calculation is based on the idea that the price medicare pays, can be expanded to everyone. They can't.

Right now, Medicare pays less than the cost of care. Care providers charge non-government patients a higher price, to subsidize the money lost to government patients. And the larger the under-cut government pays, the larger the over charge care providers must pass on to non-government patients. This is a well documented effect.

Now if we implemented the Sanders plan, that would eliminate the private payers. Which would eliminate the cost subsidy health care providers were using to provide medicare and medicaid care.

How are hospitals going to stay open? Answer, they won't. Which would mean either, medicare and medicaid costs would have to drastically rise, and the taxes to pay for them.... or the government would have to take ownership of all hospitals which would cost hundreds of billions, and the taxes to pay for them.....

Or..... people simply wouldn't get care. We could have the amazing free health care of Greece for example.

So the Sander's plan, sounds nifty. But it is a lie. It's not true. Can't work.

 

[Conservative65]

The left continuously use businesses like a credit card, when they run out of money to spend they just increase taxes on businesses and spend some more. When businesses get pissed pack up and leave the left cranks up the taxes on the poor and middle class to feed their crack spending habit. That's how the left destroys cities and states. The left are flesh eating bacteria.

Indeed, single payer would save businesses a lot of money.

It would still involve millions getting something for which they don't pay a dime. It would be nothing more than a program like Medicaid where those contributing to society would fund a system that a bunch of fucking freeloaders benefited from. Not interested.

 

[P F Tinmore]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

I'm curious where the $3.5 - $4 trillion a year to pay for health care expenditures would come from. That number will jump to $10 trillion by 2026. How will you fund it?

Excellent question.

Short answer, it would cost you less. The administration cost of single payer is about 3%. So if you need $5000 in care it would cost $5150.

The for profit system is more. The administration cost is about 30%. So that same $5000 in care would cost you $6500. Add to this the co pays and deductibles.

Let's say you are paying $8000 per year for a half assed plan with co pays and deductibles. Would you trade that for $5000 in higher taxes and have everything covered 100%?

Plus, there are a lot of monkey motions that would be eliminated.

 

[P F Tinmore]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

That is somewhat true. But it would place more and more taxes on the public, which would be forced to live a lower standard of living, to pay for health care.

Sanders claimed that a mere 6% tax, would cover everything. This is absolute bull crap.

People change how they act, to fit with the incentives they are given. Meaning, as you increase taxes, people hide and conceal, and protect more of their money.

We've already seen this in effect with the un-Affordable Care Act. The Cadillac plan tax, is already causing companies to change their health care plans, to avoid the tax. This is before the tax is even fully implemented, companies are changing how they act in relation to the incentives given.

Every attempt by every country, to try and get the rich to pay for the power, has failed. It has always failed. There isn't one single success in this world, of that belief system.

Sanders is fond of pointing to Norway. Ok, well you pay the top marginal tax rate of 55% at $55,000 a year. Meaning, the vast majority of the middle-class would have to pay drastically higher taxes, to fund a universal healthcare system like Norway.

Why Americans Can't Have Universal Healthcare Like Europeans

Even conservative estimates, claim it would cost at least 20% on all Americans, not just the rich.

Sanders claim, is full of crap.

There are actually a bunch of reasons why, but the biggest is because people are ignorant about how Medicare works. The assumed math is, it costs X amount to cover Y number of people, there for you just multiply that out to a larger population, and collect the amount of taxes to cover it.

The problem is, that calculation is based on the idea that the price medicare pays, can be expanded to everyone. They can't.

Right now, Medicare pays less than the cost of care. Care providers charge non-government patients a higher price, to subsidize the money lost to government patients. And the larger the under-cut government pays, the larger the over charge care providers must pass on to non-government patients. This is a well documented effect.

Now if we implemented the Sanders plan, that would eliminate the private payers. Which would eliminate the cost subsidy health care providers were using to provide medicare and medicaid care.

How are hospitals going to stay open? Answer, they won't. Which would mean either, medicare and medicaid costs would have to drastically rise, and the taxes to pay for them.... or the government would have to take ownership of all hospitals which would cost hundreds of billions, and the taxes to pay for them.....

Or..... people simply wouldn't get care. We could have the amazing free health care of Greece for example.

So the Sander's plan, sounds nifty. But it is a lie. It's not true. Can't work.

Right now, Medicare pays less than the cost of care. Care providers charge non-government patients a higher price, to subsidize the money lost to government patients.​

Indeed, cost shifting is a good part of the increase in price.

Some say that they do not want to pay for other people's care...well...you already are.

 

[Andylusion]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

I'm curious where the $3.5 - $4 trillion a year to pay for health care expenditures would come from. That number will jump to $10 trillion by 2026. How will you fund it?

Excellent question.

Short answer, it would cost you less. The administration cost of single payer is about 3%. So if you need $5000 in care it would cost $5150.

The for profit system is more. The administration cost is about 30%. So that same $5000 in care would cost you $6500. Add to this the co pays and deductibles.

Let's say you are paying $8000 per year for a half assed plan with co pays and deductibles. Would you trade that for $5000 in higher taxes and have everything covered 100%?

Plus, there are a lot of monkey motions that would be eliminated.

That is also entirely false.

Administrative costs are not 3%. That's a statistical lie. Of the money given to Medicaid, roughly 3% goes to operating the Medicare administration, and 97% is paid out.

But is the money given to Medicare all administrative free? No it is not. The IRS spends billions collecting that tax money. That $5000 in care, with the $5150 in cost, doesn't include the $1000 the IRS spent paying accountants to file your taxes.

On top of that, is that $5000 in care, all going to care? No it is not. Medicare pays insurance companies a fee, to process Medicare patients. So some of that $5000 payout is going to administration, but is not calculated by Medicare.

Entirely false. You bought a bunch of lies.

 

[Andylusion]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

That is somewhat true. But it would place more and more taxes on the public, which would be forced to live a lower standard of living, to pay for health care.

Sanders claimed that a mere 6% tax, would cover everything. This is absolute bull crap.

People change how they act, to fit with the incentives they are given. Meaning, as you increase taxes, people hide and conceal, and protect more of their money.

We've already seen this in effect with the un-Affordable Care Act. The Cadillac plan tax, is already causing companies to change their health care plans, to avoid the tax. This is before the tax is even fully implemented, companies are changing how they act in relation to the incentives given.

Every attempt by every country, to try and get the rich to pay for the power, has failed. It has always failed. There isn't one single success in this world, of that belief system.

Sanders is fond of pointing to Norway. Ok, well you pay the top marginal tax rate of 55% at $55,000 a year. Meaning, the vast majority of the middle-class would have to pay drastically higher taxes, to fund a universal healthcare system like Norway.

Why Americans Can't Have Universal Healthcare Like Europeans

Even conservative estimates, claim it would cost at least 20% on all Americans, not just the rich.

Sanders claim, is full of crap.

There are actually a bunch of reasons why, but the biggest is because people are ignorant about how Medicare works. The assumed math is, it costs X amount to cover Y number of people, there for you just multiply that out to a larger population, and collect the amount of taxes to cover it.

The problem is, that calculation is based on the idea that the price medicare pays, can be expanded to everyone. They can't.

Right now, Medicare pays less than the cost of care. Care providers charge non-government patients a higher price, to subsidize the money lost to government patients. And the larger the under-cut government pays, the larger the over charge care providers must pass on to non-government patients. This is a well documented effect.

Now if we implemented the Sanders plan, that would eliminate the private payers. Which would eliminate the cost subsidy health care providers were using to provide medicare and medicaid care.

How are hospitals going to stay open? Answer, they won't. Which would mean either, medicare and medicaid costs would have to drastically rise, and the taxes to pay for them.... or the government would have to take ownership of all hospitals which would cost hundreds of billions, and the taxes to pay for them.....

Or..... people simply wouldn't get care. We could have the amazing free health care of Greece for example.

So the Sander's plan, sounds nifty. But it is a lie. It's not true. Can't work.

Right now, Medicare pays less than the cost of care. Care providers charge non-government patients a higher price, to subsidize the money lost to government patients.​

Indeed, cost shifting is a good part of the increase in price.

Some say that they do not want to pay for other people's care...well...you already are.

Yes, we are, because of your program, which is why I'm against it.

If you eliminated medicare and medicaid, prices for health care on the middle and lower class, would fall by nearly 25%.

Yes we already are, which is why we don't want your bad plan. You want to make an already screwed up system, far worse.

 

[P F Tinmore]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

I'm curious where the $3.5 - $4 trillion a year to pay for health care expenditures would come from. That number will jump to $10 trillion by 2026. How will you fund it?

Excellent question.

Short answer, it would cost you less. The administration cost of single payer is about 3%. So if you need $5000 in care it would cost $5150.

The for profit system is more. The administration cost is about 30%. So that same $5000 in care would cost you $6500. Add to this the co pays and deductibles.

Let's say you are paying $8000 per year for a half assed plan with co pays and deductibles. Would you trade that for $5000 in higher taxes and have everything covered 100%?

Plus, there are a lot of monkey motions that would be eliminated.

That is also entirely false.

Administrative costs are not 3%. That's a statistical lie. Of the money given to Medicaid, roughly 3% goes to operating the Medicare administration, and 97% is paid out.

But is the money given to Medicare all administrative free? No it is not. The IRS spends billions collecting that tax money. That $5000 in care, with the $5150 in cost, doesn't include the $1000 the IRS spent paying accountants to file your taxes.

On top of that, is that $5000 in care, all going to care? No it is not. Medicare pays insurance companies a fee, to process Medicare patients. So some of that $5000 payout is going to administration, but is not calculated by Medicare.

Entirely false. You bought a bunch of lies.

Indeed, privatizing costs more money.

 

[Rustic]

Written into the Affordable Care Act legislation was a provision to establish the Small Business Health Options Program (SHOP) marketplace, which ACA proponents said would help small businesses compete with larger employers. In November 2015, Kaiser Health Newsreported, “Employers with fewer than 50 full-time workers are eligible to buy coverage on SHOP.
The federal government even offers businesses an incentive, a tax credit worth up to half of an employer’s share of their workers’ premiums.
Among the conditions: The firm must employ fewer than 25 workers and their average salary cannot exceed $50,000.”
According to the Kaiser Health News story, only 85,000 people from 11,000 small businesses had coverage through SHOP.
This is significantly less than the 1 million people
the Congressional Budget Office expected to be enrolled in SHOP by the end of 2015.

Susan Wilson Solovic, a New York Times bestselling author and former ABC News business analyst, says to avoid any potential penalties associated with the 50-employee rule, small businesses are choosing to outsource many of their jobs to online freelancers, rather than hiring more staff.

Prior to 2016, many of the time-consuming regulations for small businesses with fewer than 100 employees but more than 49 employees were not enforced in order to give businesses more time to prepare for the rules.
Now that many small businesses are going to be forced to comply with myriad health care rules and regulations they have been able to avoid in the past, many experts are expecting the number of Department of Labor audits to increase, adding to the growing confusion and costs being imposed on small businesses.

Justin Haskins - Survey Shows Small Businesses Suffering Under Obamacare

So not only is Obamacare directly affecting the hiring of more people which would mean more business which would be more people paying taxes, meaning more people buying more consumer goods... we
see Obamacare DISCOURAGING small businesses!

Then look at rules and regulations!

Small Business Facts

Small businesses create two-thirds of the net new jobs annually, employ more than half of the private-sector workforce, and generate nearly 50 percent of annual GDP. America’s small businesses are the backbone of our economy and engines of job creation.

Regulations by the numbers

Today, there are 3,348 federal regulations in the pipeline, with nearly 1/3 impacting small business directly. (Source: The Office of Information and Regulatory Affairs, Unified Agenda 2013)

According to the NFIB Small Business Optimism Index, small business owners have cited regulations as a top impediment to conducting business for over 65 months in a row. (Source: NFIB Small Business Optimism Index)

Need for Regulatory Reform

283,615 full-time government employees were dedicated to drafting and enforcing regulations in 2012, while fewer than 50 employees at OMB are responsible for reviewing the new regulatory mandates to ensure they are justified and accurate prior to implementation (Source: “Growth in Regulators’ Budget Slowed by Fiscal Stalemate: An Analysis of the U.S. Budget for Fiscal Years 2012 and 2013,” The George Washington University and Washington University in St. Louis)

From 2003-2010, one-third of major rules, costing $100 million or more, did not go through public review and input, despite federal requirements for public comment. (Source: GAO Report)
Quick Facts - Small Businesses for Sensible Regulations


The cost of federal regulation neared $2 trillion in 2014, according to a new report by the Competitive Enterprise Institute (CEI).
Report: Cost of Federal Regulation Reached $1.88 Trillion in 2014

Legalized extortion like Obamacare has a tendency to do that to people's lives…

 

[Andylusion]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

I'm curious where the $3.5 - $4 trillion a year to pay for health care expenditures would come from. That number will jump to $10 trillion by 2026. How will you fund it?

Excellent question.

Short answer, it would cost you less. The administration cost of single payer is about 3%. So if you need $5000 in care it would cost $5150.

The for profit system is more. The administration cost is about 30%. So that same $5000 in care would cost you $6500. Add to this the co pays and deductibles.

Let's say you are paying $8000 per year for a half assed plan with co pays and deductibles. Would you trade that for $5000 in higher taxes and have everything covered 100%?

Plus, there are a lot of monkey motions that would be eliminated.

That is also entirely false.

Administrative costs are not 3%. That's a statistical lie. Of the money given to Medicaid, roughly 3% goes to operating the Medicare administration, and 97% is paid out.

But is the money given to Medicare all administrative free? No it is not. The IRS spends billions collecting that tax money. That $5000 in care, with the $5150 in cost, doesn't include the $1000 the IRS spent paying accountants to file your taxes.

On top of that, is that $5000 in care, all going to care? No it is not. Medicare pays insurance companies a fee, to process Medicare patients. So some of that $5000 payout is going to administration, but is not calculated by Medicare.

Entirely false. You bought a bunch of lies.

Indeed, privatizing costs more money.

No, it doesn't. The cost in taxes that other nations force their citizens to pay to cover the cost of health care, is a fraction of insurance premiums here in the US.

You can claim it would, but the facts don't support that claim. Empty talk.

The UK charges all citizens 12% of earnings to pay the National Insurance contribution, and that doesn't even cover all expenses. They have to take money from the general revenue taxes, to cover the difference.

In addition, the NHS system is still having shortfalls, which is why they have tried pay-freezes, which resulted in a massive NHS strike, where even Emergency Room doctors walked off the job. It was only by luck, that no one died during the strike, because there were no doctors at the hospitals.

Now to understand this chart, the blue funding, is the 12% tax.

The purple, is general taxes, on top of the 12% tax.

Lastly the green. What's that? It's patients paying. Hospital stays cost money, seeing a doctor (office visits), drugs have a fee, hundreds of fees are charged to UK patients.

That's on top of the 12% 'contribution tax', and on top of the income and VAT tax, that fund the "universal health care system".

And you want to claim privatizing is cheaper? It most certainly isn't.

12% of my income would be $2,400 a year. Or $200 a month. I pay $80 a month right now.

A person earning $50,000 a year, would pay $6,000 a year. That's $500 a month. If you look at the Platinum plans right now today, even after ObamaCare jacked up the price, only a tiny few of them are over $500 a month.

And remember, that 12% barely covers the cost of NHS care in the UK. You'll have to jack up income taxes, and sales taxes, to make up the cost.

No, sir. You are wrong sir. Private companies always produce more goods and services at a lower cost, than nationalizing.

By your logic, Venezuela, which nationalized half the country, should be a paradise. Instead they are on the verge of utter collapse. Far from producing more goods at a lower price, they can barely get any goods at any price. Their nationalized health care system is in chaos.

You are wrong. Not a single example of your system working, is around for us to see.

 

[healthmyths]

The single payer plan promoted by Bernie Sanders and the Green Party would eliminate all of that hassle and expense.

Small and start up businesses would be free to run their businesses without all of that hassle and expense holding them back. It would be a boon to our economy. Of course it would remove all that from all businesses big or small.

I'm curious where the $3.5 - $4 trillion a year to pay for health care expenditures would come from. That number will jump to $10 trillion by 2026. How will you fund it?

Excellent question.

Short answer, it would cost you less. The administration cost of single payer is about 3%. So if you need $5000 in care it would cost $5150.

The for profit system is more. The administration cost is about 30%. So that same $5000 in care would cost you $6500. Add to this the co pays and deductibles.

Let's say you are paying $8000 per year for a half assed plan with co pays and deductibles. Would you trade that for $5000 in higher taxes and have everything covered 100%?

Plus, there are a lot of monkey motions that would be eliminated.

Where is YOUR proof regarding Administrative cost about 30%????
You are showing your gross ignorance of how health care financials.
Proof you are so wrong.
Synopsis of Aetna's annual report that unlike you they are under penalty of going to prison if they sign this document and there are false statements!
Total Premiums $51.6 billion
HEALTH CARE Costs... this is what THEY paid out in CLAIMS..... $41.7 Billion..
NOW IDIOT ... what percent of $51.6 billion is paid out in claims? 81% HEY DUMMY... how then can they have administration costs according to your idiocy of 30%?
NoW for the facts:Total operating expenses, meaning salaries,office space,utilities waste of time on you...!!! $11.2 Billion or what??? 21.7%
NOW something YOU and your fellow idiots keep forgetting... oh yea PROFIT!!! $2.4 billion which is the grand evil profit rate of 4.6%.

OH... one minor but important point. Are you aware if Aetna doesn't make a profit, there isn't any money left for what the states that they are legally registered to sell in
are called "RESERVES"!!!! Without RESERVES the states revoke insurance companies right to sell insurance and thus the companies go BROKE!
So only idiots like you have NO idea about why profits are important.

Finally your stupidity "The administration cost of single payer is about 3%." What is your source for that number????
If you are using that phony number from MEDICARE... let me set you straight.
Medicare does NOT administer the Medicare program. They do not handle 1 claim of the over 1 billion claims!
The entire Medicare provider,claim processing, claim payments are done by 8 companies called MACs ...for profit companies by the way that PAY taxes!
So this malarkey about 3% BOGUS!
A Medicare Administrative Contractor (MAC) is a private health care insurer that has been awarded a geographic jurisdiction to process Medicare Part A and Part B (A/B) medical claims or Durable Medical Equipment (DME) claims for Medicare Fee-For-Service (FFS) beneficiaries.Feb 5, 2016
What is a MAC - Centers for Medicare & Medicaid Services

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