Friday, January 29, 2016

Bernie Sanders Health Care Plan : Workers/Taxpayers Destroyed

What remains after seeing the turn out at a Bernie Sanders rally is, who are these people and where do the live? They can't be from around here and if they are citizens of this country, then we can assume the country as a representative republic is finished.

To try and understand what is happening at these rallies for Bernie and his ideas that are not just socialist in nature, but can be seen as neo-communist, totally control of production of goods and services by decree and mandate, not the force of arms, one begins to feel faint and disorientated.

The mind of ordinary individuals who watch this gathering begs denial of a reality that most ordinary people rely on for survival. Bernie and Bernie's people have no such problem, they are fixed on the prize of a responsibility free life and the lack of common sense or reality is not part of the equation.

Col. “Bernie” Sanders Half-Baked Recipe for Health Plan
Devon Herrick | Jan 25, 2016

Presidential candidate, Bernie Sanders rolled out his proposal for a single-payer health system, similar to Canada’s and -- to a lesser degree -- Britain, Australia and New Zealand. Sanders’ Medicare for All proposal is a fairytale of wishful thinking and Robin Hood dreams. Whereas the other Col. Sanders is famous for a secret recipe with 14 herbs and spices, Bernie Sanders has only one not-so-secret ingredient -- socialism.

Sanders proposal is built on the premise that most people can have something for nothing. Workers would pay a 2.2 percent payroll tax on wages, while employers would have 6.2 percent tax on employees’ wages. This is a rather disingenuous way of making workers think they’re getting off cheap. Labor economist (and anybody with common sense) understands that anything that makes workers more costly to employ effects their take home pay. Stated more accurately, Sanders plan would tax wages at a rate of 8.4 percent (2.2 percent + 6.2 percent) that would reduce workers’ take home pay by, say, around 8.4 percent.

Presumably, this is on top of the 2.9 percent Medicare payroll tax. That works out to an 11.3 percent payroll tax for health care. Add in Social Security taxes (12.4 percent) and the first one-quarter of each worker’s wages are syphoned off and flushed down a Ponzi scheme drain. It would also require additional income taxes to pay for a huge increase in government spending. Marginal tax rates on higher-income households would range from 37 percent to 52 percent.

Bernie Sanders is from Vermont. His home state has already explored implementing a single-payer system. The idea was officially abandoned in 2015 as being far too expensive for taxpayers. One thing that sank the Vermont initiative was that activists supporting single-payer couldn’t fathom a health plan that required any cost-sharing. The actuarial value of the Vermont proposal was 94 percent! Faced with little cost-sharing, every trip to the doctors’ office would be an experiment in how many billable services could be crammed into any given appointment. Obamacare plans in the exchange are either platinum, gold, silver or bronze. In terms of actuarial value the backers wanted Vermont residents to have gold-plated platinum plans encrusted with diamonds!

(The full article - http://townhall.com/columnists/devonherrick/2016/01/25/col-bernie-sanders-halfbaked-recipe-for-health-plan-n2109576/page/full)

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