General Discussion
In reply to the discussion: So where will the extra $16 trillion come from to pay for Sanders' plan? [View all]VMA131Marine
(5,331 posts)That assumes everyone consumes the same amount of healthcare every year. In reality, the current Medicare population is retirees 65 and above, who have the highest per capita healthcare spending by a wide margin because of all the illnesses associated with old age. Typically, the last few years of life are by far the most expensive.
But, even if your assumption were true, most people would be paying far less in new Medicare taxes than they currently do for inadequate insurance with horrendous deductibles. My company health plan has a $7500 annual deductible. The total cost of my health plan with what I pay and my company's contribution is around $18,000 for a family of three. So that's $25,000 spent before I get any benefit from my health plan other than negotiated rates and free annual check-ups. I would gladly pay 4 times more in Medicare tax if that all went away.