Would You Give up 2.2% of your income to cover $24,000+ in Medical Expenses / year?

[berni_mccoy]

I know I would.

Sanders individual tax implication to cover the medical premium: 2.2% of earned income (effectively raising the tax brackets by 2.2%) see http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan the study referred to by Time Magazine today.

Currently on Obamacare, the average family of 4 spends $24,671 / year on medical. See the study http://www.milliman.com/mmi/ referred to also by the Time Magazine article today.

The original Time Magazine article here: http://time.com/4194179/bernie-sanders-tax-plan/

All sources noted called out that only the wealthiest households would #feelthebern on this plan.

[olddots]

1. even people who work in Big Medco would save

but they owe their souls to the company store .

[kath]

2. gladly!

[Orsino]

3. AVERAGE of $24,000.

Who's to say on what side of that average his or her family will fall? And what if your big hit comes all at once, within a single year?

"Who wants to be bankrupted by medical expenses?" is the operative question, along with "Do you feel lucky, punk?"

[angrychair]

4. 2%

For paid family leave, single payer healthcare, no tuition college and retirement with dignity, I'd give up 40% without a bit of whining.

[Thav]

8. Me too!

People are all hung up on the raising taxes but, but don't realize all the savings they'll realize.

I currently pay $700/month for "health insurance" for my wife and I. I looked over the numbers and I still have no idea what I'd pay for a physical with blood work.

On top of that, we have other medical bills we're paying off to a tune of another $300/month.

so, this year, we'll have $12,000 in medical expenses - without even getting treatment at all this year. Or roughly about 14% of my income.

So yes, I'd gladly pay 2.2% to not have to pay 14%. I'd love to have only $1900/year in medical expenses vs $12,000. Then think of it this way - take that $10,100 in savings and put it back into the economy. Then, let's say there's 30 million households like mine. (there were 124 million total households in 2014). that results in $300 billion in savings - or economic activity.

So I say, bring on the tax hikes!

[Hoyt]

5. Heck, I'd give 10%. But it will take much more than that to save $24,000. Who is that gullible?

[workinclasszero]

6. Sure but...

it would never make it through our teahaddist House of Reps, so there's that.

[berni_mccoy]

7. They said the same thing about Obamacare.

And many other things. Never say never. It's far better to try than to give up without trying.

[nichomachus]

10. Good old Democratic defeatism at work.

Oh, they won't allow it. So let's not even try. Just because Hillary failed, it doesn't mean everyone else will.

[Warren Stupidity]

9. No new taxes!

Or some other republican horseshit.

[CharlotteVale]

11. In a heartbeat.

[uponit7771]

12. That's if you believe the employer wouldn't pass down their 6.4 to the employee at the median income

... of 53,000-ish as they have been doing for the last 10 years.

I don't believe that for a second

Also, why am I trading WHO I'm paying my high premium payment to!?

Ok, I'll save 50 - 75 on 550 a month for a family of 4... my premiums are still stupid because Sanders isn't going after the major cost of healthcare in doctor and hospital and medicine payments.

Not private HCI but still the private HCI premiums?!

unnnn

[tk2kewl]

13. apparently Clinton and Pelosi won't

[frylock]

14. Because they don't need to.

[VulgarPoet]

16. Because fuck the little people amirite

[frylock]

19. yarp

[DanTex]

15. I'd rather give up 1%. Also I'd like a new car every 3 years. Can he swing that?

[Uncle Joe]

17. Kicked and recommended.

Thanks for the thread, berni_mccoy.

[mythology]

18. I don't believe the math works out

So I don't believe the question is valid.

[berni_mccoy]

22. Oh it does, and it's been validated by the studies I linked

You have to be smart enough to consider that he's charging companies 6.2% of the wages they pay out and he's getting rid of a ton of tax loop-holes for Wall Street and the richest 1% to boot.

You gotta look at the big picture.

[taught_me_patience]

20. If someone offered you $24,000 in coverage for 2% of your income, would you believe them?

or, would you think that something doesn't add up?

I'd love to buy a mercedes for $1,000, but I'd be pretty suspicious of anybody that tried to sell me one!

[berni_mccoy]

21. Absolutely, because I'm smart enough to know

he's charging companies 6.2% of the wages they pay out and he's getting rid of a ton of tax loop-holes for Wall Street and the richest 1% to boot.

You gotta look at the big picture.