Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

Discussion in 'Economics' started by Banjo, Jun 27, 2017.

  1. Overnight

    Overnight

    It was a simple question, Simples. Are you in the EU? If so, what is your individual income tax-rate? Didn't mean for it to get all fragged out into a border-wagging contest. Oi!
     
    #221     Oct 24, 2017
    murray t turtle likes this.
  2. Simples

    Simples

    More games I see. Won't bite. You can look it up yourself.
     
    #222     Oct 24, 2017
  3. %%
    OK ; Mr Simples Spain ETF has done real well this year.LOL BUT small samples/socialism never work over the long term. WE [USA] fire/fired air traffic controller before they make$ 500,000.I just read 40% of health care is personal choice like smoking; may be more than 50 +%.

    Let see ,what is that group/region want to leave EU , not the UK, they already are leaving, the region that wants out, in Spain??LOL your gasoline tax is way to high, also.

    I like personal choices, not a TRAINWRECK like socialized medicine==================================================================.A socialist[Sanders] got some votes, but that was mostly uninformed students; social media is not socialism, even though a USA teacher warned me some confuse that LOL.Thanks for you reply; allow much more time if you fly in Europe/Spain:caution::D
     
    #223     Oct 24, 2017
  4. Simples

    Simples

    What has ETF to do with medical health services?
    Small socialism, aka small tribes, works much better than capitalism, but is beaten by larger tribes, that compete through genocide.
    Much stats about health is bunk, though alot of health problems is lifestyle like eating corporate food, alas the other half can be attributed to genetics as well.
    Europe is not EU.
    US gasoline is subsidized by US gov.
    Thank you as well. Always good to broaden perspectives.
     
    #224     Oct 24, 2017
    murray t turtle likes this.
  5. tommo

    tommo

    I live in the UK and the health service is collapsing. Its a nice idea but totally affordable. It was created after world war 2 when the country had a tiny population but as population has grown its become more and more indebted. Its also a political weapon, any party that suggests we reduce our debt are called evil fascists that want to kill people because the NHS will lose funding. Its a joke.

    The US version is worse however, we don't have anyone go broke because they get ill. Im about as anti socialism as they come but the thought of having to pay 6 figures for your own treatment is terrifying. There needs to be some support.

    The answer as usual lays somewhere in the middle. If i could overhaul the health systems of UK i would say people should pay the first £500 of their treatment, £20 to see a GP, pay for your own X-Rays etc, this would bring in billions of additional revenue in the case of the UK, but if things get really bad and you get a serious disease or chronic condition its covered by the state.
     
    #225     Dec 23, 2017
    d08 and Xela like this.
  6. Gambit

    Gambit

    My insurance just paid six figures for treatment. If I didn't have insurance, it would have been a huge blow. Bankruptcy due to medical bills is so prevalent in the U.S.
     
    #226     Dec 23, 2017
  7. Xela

    Xela


    A partly insurance-based scheme will address some of those issues (as it does in some EU countries).

    The problem with charging people £20 to see a GP (the New Zealand system, more or less) is that you also effectively have to exempt some very substantial groups of people from the charge (those on benefits, those "poor and with cancer", pregnant women, etc. etc.?) and you end up with the same kind of idea as the exemptions from prescription charges, net of which only about 30% of people actually pay the charge.

    It's also a relatively expensive system to run, administratively.

    For both these reasons, it actually raises comparatively little, in overall NHS-spending terms.

    One of my suggestions would be for the state to offer to pay all medical school fees for students willing to contract to work full-time for the NHS for their first 10-15 years after qualifying: a long-term, gradual, almost "cultural" change in med-economics which would relatively inexpensively boost the ever-rapidly-declining number of GP's, saving a lot of money in the long term by not importing already-qualified doctors through very expensive financial incentives, paying inflated agency fees for locum cover, etc. etc.

    The NHS currently spends a fortune on private medicine and private medical facilities, many of which (surprisingly?) are actually of a qualitatively lower standard than its own resources.

    But until the NHS is completely de-politicized, no successful, long-term changes are effectively available, in my opinion.
     
    Last edited: Dec 23, 2017
    #227     Dec 23, 2017
    murray t turtle likes this.
  8. Gambit

    Gambit

    People in the U.S. would kill for a £500/650 USD copay.
     
    #228     Dec 23, 2017
  9. sle

    sle

    I have done the numbers. The headline is very different if you tally up everything - federal, state, local, real estate, SS, Medicare. I did not include payroll taxes, but that would make it even more complex. The tax rate for an upper middle class employee in the NYC is not radically different from an upper middle class employee in London or Paris. I can attest to the NYC to London comparison personally, having worked in both places.

    However, what one gets for that money is pretty different. In the US, while paying very similar amount in taxes, you end up paying for a lot of things separately. First and foremost is health care. Then there is higher education, maternity leave, kindergarten etc. Whatever safety net that exists in the US is a joke (unless, of course, you work for the government) so you have to account for that too.
     
    #229     Dec 23, 2017
    d08, Gambit and murray t turtle like this.
  10. You can see how working for the gov corupts someones perspective, they end up with better health care benefits then anyone...this creates the perspective that the gov is inherently looking out for their best interest..
     
    #230     Dec 23, 2017