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Politics : Politics for Pros- moderated
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To: michael97123 who wrote (17429)11/23/2003 1:14:38 PM
From: KyrosL  Read Replies (1) of 793727
 
You probably will save some at the local level, but my numbers are rough guesstimates. I basically say that we need to have "the government" pick up medical expenses of the order of 5% of GDP to extend Medicare-style medical insurance to everybody. And this can be covered by doubling the (roughly) 5% medicare tax that everybody is now paying on their total salaries (self+employer contribution).

Of course it's a tall order. Insurance companies will fight this tooth and nail. No wonder. They suck away 40 cents of every private health care dollar "managing" the system.
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