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2016 Postmortem
Showing Original Post only (View all)Here it is: Bernie's Single Payer Healthcare Plan [View all]
https://berniesanders.com/issues/medicare-for-all/Similar to his 2013 proposal. Check it out for yourselves.
Some Highlights:
Bernies plan will cost over $6 trillion less than the current health care system over the next ten years.
The United States currently spends $3 trillion on health care each yearnearly $10,000 per person. Reforming our health care system, simplifying our payment structure and incentivizing new ways to make sure patients are actually getting better health care will generate massive savings. This plan has been estimated to save the American people and businesses over $6 trillion over the next decade.
The typical middle class family would save over $5,000 under this plan.
Last year, the average working family paid $4,955 in premiums and $1,318 in deductibles to private health insurance companies. Under this plan, a family of four earning $50,000 would pay just $466 per year to the single-payer program, amounting to a savings of over $5,800 for that family each year.
Businesses would save over $9,400 a year in health care costs for the average employee.
The average annual cost to the employer for a worker with a family who makes $50,000 a year would go from $12,591 to just $3,100.
The United States currently spends $3 trillion on health care each yearnearly $10,000 per person. Reforming our health care system, simplifying our payment structure and incentivizing new ways to make sure patients are actually getting better health care will generate massive savings. This plan has been estimated to save the American people and businesses over $6 trillion over the next decade.
The typical middle class family would save over $5,000 under this plan.
Last year, the average working family paid $4,955 in premiums and $1,318 in deductibles to private health insurance companies. Under this plan, a family of four earning $50,000 would pay just $466 per year to the single-payer program, amounting to a savings of over $5,800 for that family each year.
Businesses would save over $9,400 a year in health care costs for the average employee.
The average annual cost to the employer for a worker with a family who makes $50,000 a year would go from $12,591 to just $3,100.
The Plan Would Be Fully Paid For By:
A 6.2 percent income-based health care premium paid by employers.
Revenue raised: $630 billion per year.
A 2.2 percent income-based premium paid by households.
Revenue raised: $210 billion per year.
This year, a family of four taking the standard deduction can have income up to $28,800 and not pay this tax under this plan.
A family of four making $50,000 a year taking the standard deduction would only pay $466 this year.
Progressive income tax rates.
Revenue raised: $110 billion a year.
Under this plan the marginal income tax rate would be:
37 percent on income between $250,000 and $500,000.
43 percent on income between $500,000 and $2 million.
48 percent on income between $2 million and $10 million. (In 2013, only 113,000 households, the top 0.08 percent of taxpayers, had income between $2 million and $10 million.)
52 percent on income above $10 million. (In 2013, only 13,000 households, just 0.01 percent of taxpayers, had income exceeding $10 million.)
Taxing capital gains and dividends the same as income from work.
Revenue raised: $92 billion per year.
Warren Buffett, the second wealthiest American in the country, has said that he pays a lower effective tax rate than his secretary. The reason is that he receives most of his income from capital gains and dividends, which are taxed at a much lower rate than income from work. This plan will end the special tax break for capital gains and dividends on household income above $250,000.
Limit tax deductions for rich.
Revenue raised: $15 billion per year
Under Bernies plan, households making over $250,000 would no longer be able to save more than 28 cents in taxes from every dollar in tax deductions. This limit would replace more complicated and less effective limits on tax breaks for the rich including the AMT, the personal exemption phase-out and the limit on itemized deductions.
The Responsible Estate Tax.
Revenue raised: $21 billion per year.
This provision would tax the estates of the wealthiest 0.3 percent (three-tenths of 1 percent) of Americans who inherit over $3.5 million at progressive rates and close loopholes in the estate tax.
Savings from health tax expenditures.
Revenue raised: $310 billion per year.
Several tax breaks that subsidize health care (health-related tax expenditures) would become obsolete and disappear under a single-payer health care system, saving $310 billion over ten years.
Most importantly, health care provided by employers is compensation that is not subject to payroll taxes or income taxes under current law. This is a significant tax break that would effectively disappear under this plan because all Americans would receive health care through the new single-payer program instead of employer-based health care.
A 6.2 percent income-based health care premium paid by employers.
Revenue raised: $630 billion per year.
A 2.2 percent income-based premium paid by households.
Revenue raised: $210 billion per year.
This year, a family of four taking the standard deduction can have income up to $28,800 and not pay this tax under this plan.
A family of four making $50,000 a year taking the standard deduction would only pay $466 this year.
Progressive income tax rates.
Revenue raised: $110 billion a year.
Under this plan the marginal income tax rate would be:
37 percent on income between $250,000 and $500,000.
43 percent on income between $500,000 and $2 million.
48 percent on income between $2 million and $10 million. (In 2013, only 113,000 households, the top 0.08 percent of taxpayers, had income between $2 million and $10 million.)
52 percent on income above $10 million. (In 2013, only 13,000 households, just 0.01 percent of taxpayers, had income exceeding $10 million.)
Taxing capital gains and dividends the same as income from work.
Revenue raised: $92 billion per year.
Warren Buffett, the second wealthiest American in the country, has said that he pays a lower effective tax rate than his secretary. The reason is that he receives most of his income from capital gains and dividends, which are taxed at a much lower rate than income from work. This plan will end the special tax break for capital gains and dividends on household income above $250,000.
Limit tax deductions for rich.
Revenue raised: $15 billion per year
Under Bernies plan, households making over $250,000 would no longer be able to save more than 28 cents in taxes from every dollar in tax deductions. This limit would replace more complicated and less effective limits on tax breaks for the rich including the AMT, the personal exemption phase-out and the limit on itemized deductions.
The Responsible Estate Tax.
Revenue raised: $21 billion per year.
This provision would tax the estates of the wealthiest 0.3 percent (three-tenths of 1 percent) of Americans who inherit over $3.5 million at progressive rates and close loopholes in the estate tax.
Savings from health tax expenditures.
Revenue raised: $310 billion per year.
Several tax breaks that subsidize health care (health-related tax expenditures) would become obsolete and disappear under a single-payer health care system, saving $310 billion over ten years.
Most importantly, health care provided by employers is compensation that is not subject to payroll taxes or income taxes under current law. This is a significant tax break that would effectively disappear under this plan because all Americans would receive health care through the new single-payer program instead of employer-based health care.
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Released just in time for somebody in Hillary's camp to misinterpret something
thereismore
Jan 2016
#4
When they say the 6.2% payroll tax is passed on to employees what does that mean?
Agschmid
Jan 2016
#5
no... employers are NOT paying 6.2% of employee salaries into HCI on avg. They've payed lower
uponit7771
Jan 2016
#60
Wait, how is the 6.2 + 2.2 increase in payroll tax an employer "savings" !?!?! The 6.2 increase
uponit7771
Jan 2016
#13
We have unions cause employers are assholes and have no shame at being so and 6.2 + 2.2 is 8.4...
uponit7771
Jan 2016
#17
8.4% of 50000 is 4200 + 466 is 4666 which around 300 bucks from what the Sanders plan says the
uponit7771
Jan 2016
#25
How about you.... progress.... the conversation and be specific... if there's no answer there's no..
uponit7771
Jan 2016
#31
There's no mention of the deduction for the FED tax payed into SP in Sanders plan for 50 a year
uponit7771
Jan 2016
#43
His plan doesn't include a full spread sheet. However, I would assume he factors that in when comput
JonLeibowitz
Jan 2016
#45
Unnnn, its pretty simple... the 6.2% in employer fees seem to stand out...we know they're aren't...
uponit7771
Jan 2016
#49
With no cost to employees?!??! Please link and quote that one?! The employers who have been paying
uponit7771
Jan 2016
#52
Not for those making 50,000 a year... that's the avg which includes stupid plans for folk makin 200k
uponit7771
Jan 2016
#64
+1, I just made this point on the other thread that 2 hrs before the debate doesn't give folk real
uponit7771
Jan 2016
#65
Not in that salary range its not, AVG includes salaries for millionaires the means is 50,000 ...
uponit7771
Jan 2016
#83
That doesn't include the 466 they added in the end on their own cost... I'm including that...
uponit7771
Jan 2016
#84
nnnnnoooooooo, the histroically gerrymandered GOP congress doesn't have to listen to anyone
uponit7771
Jan 2016
#58
Don't forget bully pullpit and fight... gottah have those words in there or they'll call him sellout
uponit7771
Jan 2016
#55
This is an incredible plan! I'm sure it'll need tweaks along the way, but THIS IS WHAT WE NEED!
in_cog_ni_to
Jan 2016
#38
So that's TWO tax increases on the middle class. So much for being the candidate "for the people"!
George II
Jan 2016
#62
You found out that about his plan in an hour? His tax is a PAYROLL tax - RICH PEOPLE aren't on...
George II
Jan 2016
#72
It's a 2.2% payroll increase and completely removes insurance premiums and deductibles.
Kentonio
Jan 2016
#73
No, it's 6+ percent. And how much does someone like Donald Trump pay in "payroll taxes"?
George II
Jan 2016
#79
+1, I don't believe no one is looking at the details.. that 6.2% increase is going to be passed to
uponit7771
Jan 2016
#70
It's a tax increase of the lower and middle class. How much is he going to tax the rich? ZERO!
George II
Jan 2016
#85