This article appears in Feb 13-20, 2019.
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This Modern World
by Tom Tomorrow, The Source - Bend, Oregon
February 13, 2019
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Medicare-for-all cost estimates exceed $32T over ten years. Total federal tax revenue for 2019 is estimated at $3.4T. Medicare-for-all thus would double taxes. Since not all citizens pay federal income taxes, it will become necessary to expand the tax base to include nearly everyone who does not pay federal income tax now. Effectively, those who are younger, healthier and who can least afford Medicare insurance premiums and contributions will subsidize older, less healthy retirees. Have at it. Just give Howard Schultz or Michael Bloomberg a ring for a bit of economic education.
Don’t confuse health insurance with health care. The best way to reduce the cost of health care and expand its availability is to produce more doctors and health professionals. If you want to spend tax dollars to improve health care, consider subsidizing medical education costs to promote the desirability of a medical education to more students. This country can use more doctors and fewer cartoonists.