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<blockquote data-quote="Lotta Booze" data-source="post: 564487" data-attributes="member: 4471"><p>Well I expect the raise I get every year, i don't see that changing. </p><p></p><p>It will depend on which plan gets instituted. Whether it's Bernie's Medicare for all, or having a public option, or whatever other plans are out there and their structure to pay for it. You've mentioned the 70% rate on the highest tax bracket, Warren proposes a wealth tax, with a buy in then those buying in would pay premiums. Rates could go up for individuals and corporations. Those details are dependent on elections and would need to get ironed out. My point is raising taxes on myself and my company would likely come out to be less than the premiums I currently pay. And currently I pay a good chunk of money to an insurance company every month all for them to not cover anything until I hit my deductible. The biggest benefit I get is hopefully it saves me from a life shattering amount of debt if I get into an accident or fall ill. Hopefully</p><p></p><p>The Mercatus Center, with a Koch on the board, produced a study about the Medicare for all plan and it is a lot of large numbers but it's 2 trillion dollars less over the next decade than what we are currently on track to spend. Savings are found in prescription drugs and administration costs.</p></blockquote><p></p>
[QUOTE="Lotta Booze, post: 564487, member: 4471"] Well I expect the raise I get every year, i don't see that changing. It will depend on which plan gets instituted. Whether it's Bernie's Medicare for all, or having a public option, or whatever other plans are out there and their structure to pay for it. You've mentioned the 70% rate on the highest tax bracket, Warren proposes a wealth tax, with a buy in then those buying in would pay premiums. Rates could go up for individuals and corporations. Those details are dependent on elections and would need to get ironed out. My point is raising taxes on myself and my company would likely come out to be less than the premiums I currently pay. And currently I pay a good chunk of money to an insurance company every month all for them to not cover anything until I hit my deductible. The biggest benefit I get is hopefully it saves me from a life shattering amount of debt if I get into an accident or fall ill. Hopefully The Mercatus Center, with a Koch on the board, produced a study about the Medicare for all plan and it is a lot of large numbers but it's 2 trillion dollars less over the next decade than what we are currently on track to spend. Savings are found in prescription drugs and administration costs. [/QUOTE]
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