Jake Tapper/factcheck.org on claims about the Koch Bros funded study on health care costs

[lapucelle]

115. The Conyers version HR 676 is fully funded.

(c) Funding-

(1) IN GENERAL- There are appropriated to the Medicare for All Trust Fund amounts sufficient to carry out this Act from the following sources:

[NOTE: the following part of H.R. 676 describes only one idea for the funding. After sufficient support is established in the U.S. House of Representatives, many funding options will likely be debated. It will be important for some citizens to monitor the progress and give input at that time. In the meantime, any ideas or wishes you have for funding should be sent by letter in the U.S. Mail to your U.S. Representative and U.S. Senators.]

(A) Existing sources of Federal government revenues for health care.
(B) Increasing personal income taxes on the top 5 percent income earners.
(to do: need to communicate what level of income this means)
(C) Instituting a modest and progressive excise tax on payroll and self-employment income.
[Current Medicare tax: 1.45% paid by employers and employees.]
(D) Instituting a modest tax on unearned income.
[This is an additional source of funding … added to the H.R. 676 that was proposed in the previous session of Congress. The expected percentage is not yet available. H.R. 676 will not be given an economic evaluation by the Congressional Budget Office until it gets to at least 100 cosponsors<.]
(E) Instituting a small tax on stock and bond transactions.


(2) SYSTEM SAVINGS AS A SOURCE OF FINANCING- Funding otherwise required for the Program is reduced as a result of–
(A) vastly reducing paperwork
[Elimination of unnecessary administrative activities within all of our health care bureaucracy]
[for-profit bureaucracy]
[government bureaucracy]
[supporting bureaucracy that results from the other two types of bureauracracy and the overall negative situation that they cause]
[ Go to Costs and Savings for more information.]

(B) requiring a rational bulk procurement of medications under section 205(a).
(C) improved access to preventive health care.
(3) ADDITIONAL ANNUAL APPROPRIATIONS TO MEDICARE FOR ALL PROGRAM- Additional sums are authorized to be appropriated annually as needed to maintain maximum quality, efficiency, and access under the Program.

There's no need to reinvent the wheel that John Conyers invented in 2003. What we need is a senate version of this bill.

http://www.medicareforall.org/pages/Bernie_Sanders