His Medicare For All outline can be viewed here.
Read it if you like.
We skipped over the first few pages of campaign rhetoric and magic fairy dust to get to the meat of his proposal.
Last year, the average working family paid $4,955 in premiums and $1,318 in deductibles to private health insurance companies. Under this plan, a family of four earning $50,000 would pay just $466 per year to the single-payer program,amounting to a savings of over $5,800 for that family each year.Health insurance for $466 per year.
Such a deal.
But wait. There's more.
In addition to the $466 annual premium for health insurance, that same family will be required to pay 2.2% of their income.
Around $1,100 per year.
At a little over $1500 per year (taxes + premiums) still sounds like a fair deal.
But wait. There's more.
Bern will also raise taxes considerably on those earning in excess of $250,000 per year. That's about 1.5% of the population, roughly 186,000 households.
Other tax the rich revenues will add up to a projected $238 billion per year in new tax revenues.
Over the last 7 years the Obama administration has managed to add $8 trillion in new debt.
What is Senator Gadfly going to do about erasing the debt he (hopes) to inherit?
#Obamacare #Bernicare
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