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Zalatix

(8,994 posts)
10. The law of large numbers when it applies to insurance, look it up.
Sat Jun 30, 2012, 06:23 AM
Jun 2012

It explains why you would pay FAR less in taxes for Medicare for All than you would pay for private insurance coverage, for the same level of overhead and health care insurance coverage.

But then there's another reason why Medicare for All, aka single payer, would be cheaper: Medicare runs at a 3% overhead, versus 20-30% for private corporation-based insurance.

So, no, you won't have to pay the same amount in taxes for a single payer system as you will for private health insurance, for the same level of coverage. Not even close.

Right now, today, people pay less per capita in other countries for single payer insurance than we do here. So I would rather pay taxes or Medicare for All.


Edited to add: but in the end, none of this answers the question I posed.

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I can't stand tofu but Live and Learn Jun 2012 #1
Does the GOP have any other tactics besides demagoguery? Major Nikon Jun 2012 #2
Sometimes some of them cry: struggle4progress Jun 2012 #4
it's like if you are a minority in the GOP you got to try harder or something JI7 Jun 2012 #3
"Hi! I'm Bobby Jindal and I'm actually not from Kenya!" struggle4progress Jun 2012 #5
Wow. Not one person, ever, has denied that this law Zalatix Jun 2012 #6
Apparently it would just feel better quaker bill Jun 2012 #8
The law of large numbers when it applies to insurance, look it up. Zalatix Jun 2012 #10
You are dreaming quaker bill Jun 2012 #19
That's why we're in the mess we're in. Enjoy! Zalatix Jun 2012 #22
There's two complaints about the mandate: "forced to pay" and "private corporation" rucky Jun 2012 #13
GOP can kiss my ass. They always have shitty logic. Zalatix Jun 2012 #15
my cousin drives a tofu. nt arely staircase Jun 2012 #7
So long as he's not eating a Chevy Volt ... surrealAmerican Jun 2012 #20
do chevy volt's have moon roof's? arely staircase Jun 2012 #21
Does your health private insurance company "force" you to live a healthier lifestyle? baldguy Jun 2012 #9
It works quite well nobodyspecial Jun 2012 #11
Tofu is made with GMO soybeans. Hate to agree with Jindal on this one, no_hypocrisy Jun 2012 #12
so they've gone from death panels Enrique Jun 2012 #14
Actually the Commerce Clause part of the case should reassure him treestar Jun 2012 #16
Which would you prefer? A looming giant broccoli crown brought to you by a Dem or Skidmore Jun 2012 #17
When you don't have a leg to stand on, all slopes are slippery. nt Wounded Bear Jun 2012 #18
He's a pretty stupid shit isn't he. It wasn't upheld under the commerce clause, the dumbass. RBInMaine Jun 2012 #23
Remember when Bobby Jindal was considered a potential Republican Presidential candidate?... SidDithers Jun 2012 #24
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