Daily News Updates - Health Insurance News

American Health insurance System 201, Pt.8 –– How can we get taxpayers on board?

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Treating number (2) question concerning government funding for a national health insurance system: “How can we phrase the question to taxpayers in a way they will agree to higher taxes?” Tough question and here is where so much vagueness muddies the water. Mr. McCain has only rendered a cursory health insurance/care presumption that he knows how to do it. He doesn’t give many details and belays any close scrutiny by stating, “These are very ‘preliminary’ estimates”. Mr. Obama (with guidance from his chief domestic advisor, Mr. Cutler) has given us much greater detail about his proposal. He estimates that about $65 billion a year into subsidies should do the trick. His plan would be funded in a few different ways. One of those is that employers would be mandated to either provide health insurance to their workers, or else pay into the fund. This could be as high as 7% of payroll. It is expected that this will provide about $45 billion for the fund. This does not, however, directly effect the taxpayer.

The other method of providing funding for a national health insurance/care system, which does directly affect the taxpayer, is best explained by his chief domestic advisor, Mr. Cutler: “The money for the Obama health plan comes from not extending the Bush tax cuts on high-income people who are earning over $250,000 a year.” It is estimated that somewhere between $70 and $75 billion will be readily available every year for a national health insurance/care system that covers all of the axioms. And the beauty is, almost no one will see a tax increase. Maybe only one, out of every hundred Americans will.

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