ANALYSIS: Bernie's Single Payer Healthcare Proposal

[Progressive2020]

2. Paying For It

The cost and payment for the program is addressed in the video around the 6 Minute mark, based upon the Plan that Sanders promoted in his campaign. The legislation is being split into two components: the first bill will outline the Plan, and the second will fund the Plan.

The Plan that Sanders promoted in his campaign was to be funded by an increase in Income Tax (about 2.2%) and a tax on employers (around 6%), as well as a third funding source by increasing taxes on the very rich. The net benefit to taxpayers would be that the cost of the new Insurance Plan (via Taxes) would be far less than what people pay for Health Care right now.

So, rather than a Tax Increase, what you will have is a net benefit to the average Taxpayer who will be covered and see their net Health Care costs go down. Everyone gets covered and there is a net benefit/reduction in health care costs. This is what is being proposed. It is clearly described in the video.