Medicare for All

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Medicare for All
Medicare for All.
Everybody In. Nobody Out.

Why We Care

Savings for a Family

Family earning $40,000 per year

Health Care Tax Payments Rise Dramatically

For-profit + Government Single-Payer

Medicare tax
— to cover those 65 and older

Paid by employee
1.45% tax = $580

Paid by employer
as an employee benefit:
1.45% tax = $580

TOTAL = $1160

National Health Insurance tax
— to cover everyone

Paid by employee
4.75% tax = $1900

Paid by employer
as an employee benefit:
4.75% tax = $1900

TOTAL = $3800


Payments to For-Profit Company Plummet to Zero

For-profit + Government Single-Payer
Paid by employee:
$3,281

Paid by employer
as an employee benefit:
$8,825

TOTAL = $12,106

Paid by employee:
$ zero

Paid by employer
as an employee benefit:
$ zero

TOTAL = $ zero


71% Savings for the Family

$9,466/year

OLD (For-Profit + Government financing): $13,166 including benefit payments by employer – For-Profit + Government
NEW (Single-Payer financing): $3,800 including benefit payments by employer
SAVINGS: $9,466

MUCH HIGHER Savings for the Employer

$7,505/yr per employee
+ less administration of benefits + higher productivity

OLD (For-Profit + Government financing): $9,405 in benefit payments
NEW (Single-Payer financing): $1,900 in benefit payments – Single-Payer
SAVINGS in health insurance benefits: $7,505 (80% savings)

PLUS the savings of no employee health insurance benefit program to manage

PLUS the savings in higher productivity, including fewer sick days by having happier, healthier employees

U.S. More Competitive for Business and Jobs


Sources

See Costs and Savings for the sources of this information and much more detail, including the costs and savings for a single person earning $30,000 per year.

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Universal Health Care, Improved Medicare for All as per U.S. House Resolution 676
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