Here we go again

The more I hear about Medicare for All the more I hope it never sees the light of day. The first thing that pops out is the huge cost of
this plan which would put everyone in America on this plan while ending Medicare, Medicade, Obamacare, and employer provided insurance.

This bill, introduced in 2017, would cover all medical costs from
doctor visits to surgery including mental health, dental and vision.
All this with no cost to the individual except a co-pay on prescriptions capped at $200 per year and possibly long-term care. The
cost for all this?

Estimates sit at around $2.5 to 3.2 trillion per year. It would essentially be a single payer system. I don’t know about everyone else, but I liked the insurance we had before Obamacare. This sounds like Obamacare on steroids and I dread to think of all the hidden taxes that would be buried in the bill.

Senator Bernie Sanders, who came up with the idea, claims costs would drop due to the bargaining power of the power of the government. Of course Sanders does have some ideas for new taxes to help with the cost. He would raise taxes on income over $250,000 and reach its peak at 52% for those whose incomes are above $10 million while redirecting around $2 trillion in government spending to the program.

And all this at no cost to us. No premiums, one small co-pay, what a
deal. No thanks. We’re not happy where our tax rate is now and if this goes through it would probably double. There are no free lunches and
this plan would be as far from free as one could get.

Enjoy our Monday. Now for some coffee before going back outside to get some sanity back in my life.
Comments are always welcome.

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2 Responses to Here we go again

  1. bydesign001 says:

    One big steal. The people pushing Medicare for All just can’t keep their hands out of our pockets.

    Nothing is free. I worked and paid into the system for 48 years before taking ill several years ago. I have all of the Mediciad plans, pay out of my pocket every month for them. Then there is the annual deductible, the deductible per prescription, the deductible per service, lab tests, etc.

    In the meantime, between the creation of Obamacare and 2017, close to one billion usd was taken from Medicare, funds of which was allegedly re-distributed to Medicaid programs.

    Since the inception of Obamacare, I have had to up the ante by switching insurance, etc. and my costs and out of pocket spending continues to increase. Oh and they keep moving the bar on the donut hole and anything else.

    Everything remains out of reach or one sees it drifting further away but not to worry the cost of a system now shot to hell continues to increase as the services decrease.

    Mind you, all of the issues mentioned above came about after Obamacare came into law.

    Why am I on this tangent, you might ask? Because bureaucrats who think that they know better than the people paying into this system have for decades bled the system dry.

    Even worse, Medicare for all bwould lunge everyone from the frying pan into the fire..

  2. cruisin2 says:

    bydesign001,
    it does look like they want to keep us broke.

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