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Ok. I get these Kucinich updates every day, and I don't share them… - The Life and Thoughts of Zach — LiveJournal

Dec. 13th, 2003

04:13 pm

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Date:December 14th, 2003 10:04 am (UTC)
Funding will come primarily from existing government healthcare spending (more than $1 trillion) and a phased-in tax on employers of 7.7% (almost $1 trillion). The employers' tax is less than the 8.5% of payroll now paid on average by companies that provide private insurance.

So basically Single Payer combines the money that employers already spend on private health insurance with the money that the government already spends on Medicare and Medicaid and then pools everyone together so that risk is spread out and the overall cost of insurance is reduced via the equivalent of "bulk purchasing" which allows the insurance to cover all Americans.

So with Single Payer, the nation as a whole will get more health care for less total money which will put more of our earned money into the economy for other purposes.

Alice's retired mom would pay nothing additional for this service because she is not employed.
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Date:December 15th, 2003 03:41 pm (UTC)
That certainly sounds like an improvement over the current system. (Perhaps not the best way, but that's another discussion. :-)
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