=== SINGLE PAYER - logic
The current method requires that ...
Everyone must carry health insurance or pay a penalty.
Simple LOGIC indicates that ...
If everyone must pay, then we should simply raise taxes to pay for it and
Everyone gets covered with no penalty processing costs required.
=== WHAT ABOUT THE COST
Remove the enormous corporate profit and everybody saves.
Follow this simple example
Medicare = $110.00 per month covers 80%
Supplemental = $252.25 per month covers 20%
To increase Medicare to cover the remaining 20% requires a 25% increase. The 25% increase is only $27.50 more per month instead of $252.25 per month for the Supplemental insurance.
I would have to pay additional income tax of $27.50 per month.
But I would save $252.25 per month.
Annual savings = $2697.00
So, although my taxes increase, my insurance cost decrease by a lot more.
=== FINAL ASSESSMENT
Why do insurance companies charge twice as much to cover 1/4 the cost?
It's called exorbitant profit.
Math and logic presented by,
Copyright © Yale Schwartz, 2017