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Thu Oct 3, 2019, 08:32 AM

Taxes and Health Care

For those of you who pay a monthly "fee" for your health care, consider looking at that payment as a "tax". For indeed, it is a tax. It just isn't named at as one. If you want health care in this country and are under 65, paying this monthly fee is mandatory. A deduction of $250.00 per month from a paycheck (for instance), is, in reality, a "tax". That is $3,000 a year being paid for access to the clinics and doctors covered by the plan. Oh yes, this plus the co-pays on top of that (which makes the yearly "tax" outlay even bigger).
For those who think that Medicare For All would create more taxes, need to know they already pay even more "taxes" than they realize. As Shakespeare wrote "... a rose by any other name would smell as sweet ...", the health care "deduction" could (should?) be redefined to reflect reality.

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Reply Taxes and Health Care (Original post)
SLClarke Oct 2019 OP
3Hotdogs Oct 2019 #1

Response to SLClarke (Original post)

Thu Oct 3, 2019, 08:59 AM

1. Corporate insurance runs with an allowed profit of 15%. Overhead is addidtional.

That 15% doesn't buy you so much as a Band-aid.

Medicare runs on 3% overhead. That's overhead, not profit.

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