Posted by oldtanker on February 12, 2016 at 07:23:34 from (64.118.3.19):
In Reply to: Health care posted by Mike M on February 10, 2016 at 06:01:47:
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Eldon, the problem in the US with single payer, if without changing the laws it will be too expensive. Every working aged American would pay about 50% in taxes. That's right, 50% with no earned income credit, very few deductions and few is any refunds. And that wouldn't be a gradual increase. That would have to start the day a single payer system went into effect. Most people I know would loose most of what they own if all of a sudden they had to start paying those kinds of taxes. On the other side of the coin everyone would be paying their fare share! All those folks who don't pay anything or who get back more than they pay in would finally start paying their share.
There would have been a much simpler way of fixing the problem. 1. Government regulation of the health care industry to control cost. 2. A simple law baring denial of coverage and 3. raise the level of income to qualify for medicaid. A large number of those who didn't have coverage qualified anyway. They just were not on it.
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