2016 Postmortem
Related: About this forumUnder Bernie's National Health Care Plan we have more take home pay.
Not only does the net pay increase, the cost to the employer goes down. The employer saves thousands which can be used to hire additional employees, give raises, reinvest the money.
Jarqui
(10,125 posts)because the overall taxes/costs to provide health insurance are less.
And there's not nearly as much deductible. If they go as far as Canada, the deductible is darn near nothing.
Skwmom
(12,685 posts)Jarqui
(10,125 posts)since NAFTA, it stuns me that it is not a bigger issue.
The biggest issue for me is that Americans stop dying from a lack of healthcare. But jobs and closing the net income gap which this also does are benefits.
And the last piece is that the cost of American products and services go down relative to the rest of the world because their labor component is more cost effective with more sensible health care costs - so more American products sell and deliver more American jobs that way ... and the economy and P&E for Wallstreet (except health insurance companies) goes up.
It will help bring jobs home.
Single payer makes sense in so many ways - even for Wallstreet and big business.
thesquanderer
(11,986 posts)Not everyone will have more take home pay. People who make more may see less take home pay.
Skwmom
(12,685 posts)thesquanderer
(11,986 posts)Let's say you're self-employed, making $100k. If it works like the current payroll tax, a self-employed person is responsible for both the employer and the employee share of the benefit, which in this case totals 8.4%, or $8,400, which comes to $700 a month, which is higher than many (most?) individuals are paying now. But we don't know all the details yet...
seaglass
(8,171 posts)will be paying a tax for me that was not required previously.