Democratic Primaries
Related: About this forumWhat is who going to say about this after the convention??
The total costs for a typical family of four insured by the most common health plan offered by employers will average $28,166 this year, according to the annual Milliman Medical Index.
https://www.google.com/amp/s/amp.usatoday.com/amp/676046002
Over $8000 for deductible.
primary today, I would vote for: Undecided
left-of-center2012
(34,195 posts)primary today, I would vote for: Joe Biden
wasupaloopa
(4,516 posts)Please include all the facts.
In 2018, the average company-provided health insurance policy totaled $6,896 a year for single coverage. On average, employers paid 82 percent of the premium, or $5,655 a year. Employees paid the remaining 18 percent, or $1,241 a year.
For family coverage, the average policy totaled $19,616 a year with employers contributing, on average, 71 percent, or $13,927. Employees paid the remaining 29 percent or $5,689 a year.
https://www.peoplekeep.com/blog/what-percent-of-health-insurance-is-paid-by-employers
primary today, I would vote for: Undecided
Prosper
(761 posts)survey, almost half (49%) of people have employer-sponsored insurance.
Health coverage is limited. People are underinsured and not insured.
And: The Harvard study found that people without health insurance had a 40 percent higher risk of death than those with private health insurance as a result of being unable to obtain necessary medical care.Sep 18, 2009
Harvard University news 2009/09
Harvard Medical Study Links Lack of Insurance to 45,000 U.S. Deaths a Year Harvard Gazette
If Trump is not in jail he wil be promising 100% health insurance coverage with nobody excluded because they cant pay.
primary today, I would vote for: Undecided
vsrazdem
(2,177 posts)cover any premium costs for family members, so these employees who work for companies that pay family coverage are pretty lucky.
primary today, I would vote for: Undecided
The Mouth
(3,164 posts)If this plan is eliminated, and taxes raised an equivalent amount- or even half of enough to pay for it - will the amount the employer is no longer paying end up in salary to cover the increased taxes?
Say that is me, my employer was paying $28K for my health benefits.
Enter MFA.
My taxes *HAVE* to go up almost that amount- pretending otherwise is dishonest pie in the sky; ain't nothing free.
Now- I'm paying- to be VERY generous since we supposedly get a HUGE economy of scale benefit with everyone covered- say $14K more in taxes for my MFA.
Do you really think my employer is NOT going to take the $28K and just roll it into executive bonuses and/or stockholder dividends?
Without *IRONCLAD* assurances that I'll take home at least close to as much $$$ as my taxes will *HAVE* to go up, I'm screwed.
And that is granting that MFA costs half as much for coverage as good.
Without a solid answer to the above scenario, quantifiable in terms the average working stiff can understand, believe, and trust, it is a hard sell.
primary today, I would vote for: Undecided
sop
(10,253 posts)"Generally speaking, any expenses an employer incurs related to health insurance (for employees or for dependents) are 100% tax-deductible as ordinary business expenses, on both state and federal income taxes."
primary today, I would vote for: Joe Biden
The Mouth
(3,164 posts)that one possible outcome is that I (the person represented in the OP) now have higher taxes, but not higher pay.
That. Can't. Happen. Period.
primary today, I would vote for: Undecided
sop
(10,253 posts)All of us pay higher taxes to make up for the lost tax revenue from these health insurance deductions. If employers aren't paying their employees more, it's not due to the cost of health insurance.
primary today, I would vote for: Joe Biden
wasupaloopa
(4,516 posts)The following information is from:
https://en.wikipedia.org/wiki/Health_insurance_coverage_in_the_United_States
During 2016, the U.S. population overall was approximately 325 million
During the year 2016, 91.2% of Americans had health insurance coverage.
53 million people 65 years of age and over, covered by the federal Medicare program.
Approximately 15 million military personnel received coverage through the Veteran's Administration and Military Health System.
people under age 65 either obtained their coverage from employer-based (155 million) or non-employer based (90 million) sources, or were uninsured (27 million).
the US remains the sole industrialized nation in the world without universal health care coverage
Prohibitively high cost is the primary reason Americans give for problems accessing health care.
Multiple surveys indicate the number of uninsured fell between 2013-2016 due to expanded Medicaid eligibility and health insurance exchanges established due to the Patient Protection and Affordable Care Act, also known as the "ACA" or "Obamacare".
According to the United States Census Bureau, in 2012 there were 45.6 million people in the US (14.8% of the under-65 population) who were without health insurance. Following the implementation of major ACA provisions in 2013, this figure fell by 18.3 million or 40%, to 27.3 million by 2016 or 8.6% of the under-65 population.
The Census Bureau reported that the number of uninsured persons rose from 27.3 million in 2016 to 28.0 million in 2017. The uninsured rate rose from 8.6% in 2016 to 8.7% in 2017.[8] This was the first increase in the number and rate of uninsured since 2010. Further, the Commonwealth Fund estimated in May 2018 that the number of uninsured increased by 4 million from early 2016 to early 2018. The rate of those uninsured increased from 12.7% in 2016 to 15.5% under their methodology.
primary today, I would vote for: Undecided
KPN
(15,650 posts)article):
Most people give little thought to their employers share of the cost. They only see the portion of these costs that gets listed on their pay stubs, Buntin said.
Yet the cost of providing health benefits is part of their total compensation and, to an employer, no different than wages, payroll taxes and other costs of employing someone. That gets lost on most people, Buntin said. Its one of the things that I work on when I teach economics to students.
One of the reasons that workers have seen smaller raises is a larger share of their total compensation goes toward providing health benefits. For employers, the cost of providing health benefits is a dilemma. They want to control costs. But they also want to offer attractive benefits. Its push-pull, Weltz of Milliman said.
Any realistic and sustainable health care solution must effectively address the profit motive within the industry overall. It's about the profit taking.
primary today, I would vote for: Undecided
Prosper
(761 posts)not citing wages going up under any Democratic and consequently the increase in IRS revenue. People are already paying and exorbitant amount of money for limited health care. Transferring healthcare to the government has to make for cheaper better health care with a net margin of zero for the population. That is considering prosperity under Democratic rule. That has to be the explanation selling single payer/Medicare for all. The silent bonus is transaction fees on non interested trading. That will lead money away from zero velocity to increased velocity from making products to sell.
primary today, I would vote for: Undecided
OldRed2450
(710 posts)We all know many people can not afford any coverage at all. I just do not believe Bernie Sanders or Elizabeth Warren have a realistic plan to fix it.
primary today, I would vote for: Joe Biden