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HK

wrote:
On Wed, 13 May 2009 11:48:31 -0400, HK wrote:

I just fear that we will simply roll all of that bureaucracy out of
the insurance industry and into government where bureaucracy was
invented and make a cumbersome process worse.
Nobody has ever given me a convincing argument that it will be more
affordable.
On the one hand they say there are lots of healthy, working, young
adults who don't have insurance and who would put money into the
system and then they say the people without insurance are mostly kids
and people who are already very ill. (the pre-existing condition
folks). Obama has finally started saying this won't be "free" medical
care. I am just not sure how many uninsured are prepared for a $500+ a
month medical insurance bill. (assuming the government actually wants
"pay as you go") Medicare is bankrupt and still going.
Until we get a better grip on the facts here we don't have a clue what
it will ultimately cost. I do not believe streamlining the billing
process will save enough to make this revenue neutral.
I suppose at this point, what is another trillion in deficit
spending?

I wonder what the impact would be if we removed the "caps" on salary for
Social Security and Medicare taxes, and added "all income" to the pool
of funds that should be taxable for purposes of Social Security,
Medicare, and a national health insurance program.

The medicare tax is not capped. The SS tax cap goes up every year

I stand partially corrected. Remove the SS cap. Apply the taxes against
ALL income. Better?