Pretty much everyone agrees … health care in the US IS UNAFFORDABLE.
Between premiums and out-of-pocket costs, health care costs most Americans thousands of dollars each year.
That’s the easy part – knowing what is unaffordable.
But what is AFFORDABLE? Does anyone know or want to define affordable?
Is it a percentage of income, a dollar amount or should it all be FREE and by that I mean the cost hidden in taxes in some way.
Would Americans be willing to see the Medicare payroll tax increase from the current 1.45% to say 12% to fund M4A? Employers offering health benefits pay on average about 8% of payroll and that’s for plans with high cost sharing.
Would Americans prefer to pay for health care at the point of service or through taxes? The obvious or the hidden? There really are no other choices.
If we adopted M4A in anything close to the progressive version, taxes must go way up. What would that mean for those of us already on Medicare?
Do you believe paying for M4A would be less expensive for you than what you now pay in premiums and OOP spending – year after year?