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Democratic Primaries
In reply to the discussion: How does Medicare for all save ME money? I need a side by side break down... [View all]Nanjeanne
(6,541 posts)76. Sanders Medicare For All Plan w/regards to individual's tax . . . he
indicated that a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four.
So a family of 4 with an income of $60,000 would pay 4% over the first $29,000--so 4% on $31,000 - or $1,240.
The rest of the money comes from a variety of options - like
7.5 percent income-based premium paid by employers, exempting the first $1 million in payroll to protect small businesses.
Raising top marginal rate on income over $10 million to 52%
taxing capital gains same as wages
Etc.
But for you . . . Figure it out yourself by your annual salary minus $29,000 and times it by 4%.
primary today, I would vote for: Undecided
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How does Medicare for all save ME money? I need a side by side break down... [View all]
cbdo2007
Feb 2020
OP
Sounds like you either don't have health insurance or carry too much first party benefits
bucolic_frolic
Feb 2020
#6
Bet it won't. Currently, Medicare does not pay if it's due to an auto accident, until auto insur-
Hoyt
Feb 2020
#17
wont we still have to buy a supplement AND our taxes go up so we can get the 'free' M4A?
samnsara
Feb 2020
#2
All current Medicare recipients woulld lose their Medicare as it is legislated.
Big Blue Marble
Feb 2020
#27
The headline is: "How Will Medicare-for-all Proposals Affect Medicaid?"
Big Blue Marble
Feb 2020
#75
That's what I've been asking for a long time. I see Sanders made a flourish of pulling out...
George II
Feb 2020
#3
Warren has done this, I don't know how many times! I'll bet it's on her website, too!
CTyankee
Feb 2020
#4
You have to 'ballpark' what your current ins. premiums/fees/drug costs, what your income tax bp is.
ancianita
Feb 2020
#7
Right. So the more specific one's list, the better comparison of their current costs with M4A costs.
ancianita
Feb 2020
#31
The employer pays the 7.5% based on their payroll expenses, not the employee
Cal Carpenter
Feb 2020
#14
I didn't realize that. That's good to know and definitely makes my situation better than it was.
TCJ70
Feb 2020
#26
re: "expand current Medicare from covering 19% to 100%...you are increasing those covered five fold"
thesquanderer
Feb 2020
#52
Sorry, I was mistaken. FICA contributions do NOT fund Medicaid, only Medicare.
stopbush
Feb 2020
#55
It's not FICA, but all those other government paid for health plans are still paid for somehow.
thesquanderer
Feb 2020
#62
Everything between the 19% for Medicare and the 35% who are actually covered by the government.
thesquanderer
Feb 2020
#69
As I pointed out above - using your source - only 14% of Americans are on Medicare
stopbush
Feb 2020
#72
Neither Sanders nor Warren has offered a comprehensive plan for paying for MFA.
stopbush
Feb 2020
#87
re: "I have looked at these summaries. Again, without specifics, they are meaningless."
thesquanderer
Feb 2020
#90
There is literally no way to enforce this...you aren't required to buy your company's plan now but
cbdo2007
Feb 2020
#71
All of these are speculation, but this is getting down to the meat of my question...
cbdo2007
Feb 2020
#73
Unfortunately, most of the electorate doesn't care about anyone but themselves...
cbdo2007
Feb 2020
#24
I really think it would change the narrative on the M4A issue, people in the real world...
cbdo2007
Feb 2020
#34
Then a million more people show up and demand he give them personalized cost charts.
ancianita
Feb 2020
#35
Then he puts a calculator on his website so they can see a real world side by side.
cbdo2007
Feb 2020
#39
Cool. In the meantime, here are 22 summaries of number crunchers who lay out cost savings.
ancianita
Feb 2020
#43
Here's what I do know. I had an HMO that covered less and had fewer choices I have now on Medicare
Autumn
Feb 2020
#16
Yeah, that calculator just says I would save exactly how much I put in because there
cbdo2007
Feb 2020
#29
Ugh !! You don't believe Sanders will create 20 million jobs ?!!? What ?! / sarc
uponit7771
Feb 2020
#33
Actually not at all. What are my current premiums vs the M4A tax going to be per month?
cbdo2007
Feb 2020
#64
No one CAN answer you until you actually state your premium costs per year. It's also unfair to
ancianita
Feb 2020
#80
It's that working people like that part of their pay that goes for health insurance.
brewens
Feb 2020
#47
This isn't common knowledge or it would be in commercials all over the place...
cbdo2007
Feb 2020
#68
CNN-Sanders' agenda: Its cost -- possibly $60 trillion -- would set a peacetime US record
Gothmog
Feb 2020
#100
You do realize that the govenement has to either borrow or have tax revenues to pay for programs
Gothmog
Feb 2020
#103
I don't know why. My guess is that will come when/if he's the nominee - but the info is out there.
Nanjeanne
Feb 2020
#83
I would have to check the info from his site again on single or family. 4% was family
Nanjeanne
Feb 2020
#109
Which is why Medicare For All will help us seniors. We won't have to buy private insurance to cover
Nanjeanne
Feb 2020
#89
Yes, that would be great. Everyone focuses on tax costs like they exist in a vacuum, or...
Beartracks
Feb 2020
#107
