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Per the article, $3.5 trillion in US healthcare spending per year is an average of $28,000 per household. US average household income is ~$75,000 so to pay for
by zaroth 8y ago
Per the article, $3.5 trillion in US healthcare spending per year is an average of $28,000 per household.
US average household income is ~$75,000 so to pay for that as a flat tax, that would be a rate of 37%, just for health insurance.
But state/federal governments already pay for about 40% of all healthcare, and charge a good deal of taxes to pay for it. If they were paying for all healthcare it would mean adding a new 22% payroll tax to make up the difference.
- usaar333 8y agoSo $1400/month needs to be raised? That's less than what my COBRA premiums were; sign me up!
- zaroth 8y ago$28,000 per household only if every household pays $28,000. But that is never going to happen. It’s going to be percent, and likely a progressively increasing percentage. If you had a $1,400/mo employer plan you’d likely be paying a lot more than $1,400/mo under single payer.