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Let me ask again: how much would single payer or public option cost? [View All]

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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 10:28 AM
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Let me ask again: how much would single payer or public option cost?
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And who would pay for it?

Currently, unsubsidized Medicare part A premiums are $464 / month
https://questions.medicare.gov/app/answers/detail/a_id/2260/~/medicare-premiums-and-coinsurance-rates-for-2010

The unsubsidized part B premiums are $353 / month
http://questions.medicare.gov/app/answers/detail/a_id/2261

(If you make less than $214,000, your part B premiums are subsidized)

That's $817. Most recipients pay $96 per month. The remaining $721 is paid out of the Medicare trust fund. Medicare is not free.

I have been assured repeatedly that under a single payer system we would pay less than the $817. How much less? And how do we know? Would I get a lower premium because I'm younger and healthier than current Medicare recipients? How much lower? Or would the savings just be spread to everyone? And how much would those savings be?

How much do you foresee single payer or a public option costing me, as a participant? How much would it cost the government? As a board we seem to be hell-bent on getting one of these passed but I can't seem to get anybody to commit to how much it would actually cost individuals and the government.
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