Sanders misleads on Family healthcare

[hislegacy]

Sen. Bernie Sanders continues to make the misleading claim that “the average family of four spends $28,000 a year on health care.” That’s the projected average cost for employer-sponsored health insurance for “typical” families of that size, but the employee paid about 44% of that total amount in 2018, while the employer paid the other 56%.
​

I listened as Mr. Sanders also said that the drug industry made 100,000,000,000 in profits and they should not.

Let's look at some numbers:

Congressional Republicans seized on a new study Monday estimating that a universal health-care plan by Sen. Bernie Sanders (I-Vt.) would cost the federal government $33 trillion by 2031, arguing that it proves Democrats have moved too far left.
​

Let's knock nine zero's* off to help understand a little better.

Mr. Sanders does not like the pharma companies making 100 x 10 years = 1,000* while wanting to spend 33,000*.

Now, let's look at the famous 1%

In fact, the top one percent alone holds more wealth than the middle class. They owned 29 percent—or over $25 trillion

EX - Jeff Bezo has 127* - once you take it - he doesn't have it any longer.
​

That 25,000* is total wealth, all their cash, properties and belongings EVERYTHING. You can take everything only once. Take that and add it to the 1,000* of big pharma profits.

You can confiscate all the wealth of the top 1%, all the profits from the big pharma and you still run short of the costs by 7,000*

Thoughts?

 

[Desk trauma]

Thoughts?

Costs for programs over a long time line as not taken up front in a lump sum.

 

[nonaeroterraqueous]

Thoughts?

Yes. The cost analysis you present is based on current costs. Once the government gets involved and guarantees that revenue, the costs will naturally go up. Hence, the situation is quite a bit worse than you present. What it amounts to is that we would all get to keep a small portion of our earnings, and we get to live in small condos and ride bikes everywhere.

 

[hislegacy]

Costs for programs over a long time line as not taken up front in a lump sum.

No, if you read the article it is over a 10 year period. Sorry I should have noted that.

 

[Speedwell]

No, if you read the article it is over a 10 year period. Sorry I should have noted that.

What will the Republican plan cost?

 

[JIMINZ]

Sen. Bernie Sanders continues to make the misleading claim that “the average family of four spends $28,000 a year on health care.” That’s the projected average cost for employer-sponsored health insurance for “typical” families of that size, but the employee paid about 44% of that total amount in 2018, while the employer paid the other 56%.
​

I listened as Mr. Sanders also said that the drug industry made 100,000,000,000 in profits and they should not.

Let's look at some numbers:

Congressional Republicans seized on a new study Monday estimating that a universal health-care plan by Sen. Bernie Sanders (I-Vt.) would cost the federal government $33 trillion by 2031, arguing that it proves Democrats have moved too far left.
​

Let's knock nine zero's* off to help understand a little better.

Mr. Sanders does not like the pharma companies making 100 x 10 years = 1,000* while wanting to spend 33,000*.

Now, let's look at the famous 1%

In fact, the top one percent alone holds more wealth than the middle class. They owned 29 percent—or over $25 trillion

EX - Jeff Bezo has 127* - once you take it - he doesn't have it any longer.
​

That 25,000* is total wealth, all their cash, properties and belongings EVERYTHING. You can take everything only once. Take that and add it to the 1,000* of big pharma profits.

You can confiscate all the wealth of the top 1%, all the profits from the big pharma and you still run short of the costs by 7,000*

Thoughts?

The only thing which matters is, Bernie Sanders is a Socialist,....Nuff Said

 

[royal priest]

Sen. Bernie Sanders continues to make the misleading claim that “the average family of four spends $28,000 a year on health care.” That’s the projected average cost for employer-sponsored health insurance for “typical” families of that size, but the employee paid about 44% of that total amount in 2018, while the employer paid the other 56%.
​

I listened as Mr. Sanders also said that the drug industry made 100,000,000,000 in profits and they should not.

Let's look at some numbers:

Congressional Republicans seized on a new study Monday estimating that a universal health-care plan by Sen. Bernie Sanders (I-Vt.) would cost the federal government $33 trillion by 2031, arguing that it proves Democrats have moved too far left.
​

Let's knock nine zero's* off to help understand a little better.

Mr. Sanders does not like the pharma companies making 100 x 10 years = 1,000* while wanting to spend 33,000*.

Now, let's look at the famous 1%

In fact, the top one percent alone holds more wealth than the middle class. They owned 29 percent—or over $25 trillion

EX - Jeff Bezo has 127* - once you take it - he doesn't have it any longer.
​

That 25,000* is total wealth, all their cash, properties and belongings EVERYTHING. You can take everything only once. Take that and add it to the 1,000* of big pharma profits.

You can confiscate all the wealth of the top 1%, all the profits from the big pharma and you still run short of the costs by 7,000*

Thoughts?

Like someone else said, the problem with socialism is you eventually run out of other people's money.

 

[Speedwell]

What a hoot.

 

[iluvatar5150]

Making misleading claims about policy? Wow, he’s going after Trump’s base hard.

 

[hislegacy]

What will the Republican plan cost?

That is not the topic of the thread and it doesn’t make it better nor worse.

 

[Speedwell]

That is not the topic of the thread and it doesn’t make it better nor worse.

It would make it worse if the Republican plan was less costly but still provided all citizens with reasonable access to health care. It is meaningless to say, basically, that Bernie's plan is bad because it costs a lot of money. A lot compared to what?

 

[JIMINZ]

It would make it worse if the Republican plan was less costly but still provided all citizens with reasonable access to health care. It is meaningless to say, basically, that Bernie's plan is bad because it costs a lot of money. A lot compared to what?

A lot as compared to the difference between Socialism and Capitalism

 

[Speedwell]

A lot as compared to the difference between Socialism and Capitalism

We're talking about cost, not socialism and capitalism.

 

[JIMINZ]

We're talking about cost, not socialism and capitalism.

Yes I realize that, but when you consider the two, Socialism costs Society their entire life, while Capitalism only costs what the individual can afford, and it's his choice to accept it or not.

 

[Speedwell]

Yes I realize that, but when you consider the two, Socialism costs Society their entire life, while Capitalism only costs what he individual can afford.

Well, it depends. Do you mean "socialism" as in the government owning the means of production? Or do you mean "socialism" as in the government allowing people you don't approve of to benefit from social safety net programs?

 

[SimplyMe]

Interesting, Bernie's plan would cost $33 trillion over 10 years, so maybe $3 trillion the first year and $3.6 trillion in the tenth year -- it would be interesting to see what they project as the yearly costs. Currently, in the US we spend $3.5 trillion for health care annually -- so Bernie's plan would save the US 200 billion dollars -- without taking inflation into account -- over the ten year period.

Using the same guess as I used for inflation in Bernie's numbers, US health costs would actually be more like $3.8 trillion (or higher) -- meaning it is actually a savings of half a trillion dollars over the first 10 years.

 

[JIMINZ]

Well, it depends. Do you mean "socialism" as in the government owning the means of production? Or do you mean "socialism" as in the government allowing people you don't approve of to benefit from social safety net programs?

The easiest way to put it would be.

The E.U. Canada, Australia

 

[JIMINZ]

Interesting, Bernie's plan would cost $33 trillion over 10 years, so maybe $3 trillion the first year and $3.6 trillion in the tenth year -- it would be interesting to see what they project as the yearly costs. Currently, in the US we spend $3.5 trillion for health care annually -- so Bernie's plan would save the US 200 billion dollars -- without taking inflation into account -- over the ten year period.

Using the same guess as I used for inflation in Bernie's numbers, US health costs would actually be more like $3.8 trillion (or higher) -- meaning it is actually a savings of half a trillion dollars over the first 10 years.

Now all you have to do is apply that amount with all of the other free programs he wants to employ.

Not applicable to U.S.

 

[Desk trauma]

Now all you have to do is apply that amount with all of the other free programs he wants to employ.

Not applicable to U.S.

After that we need to apply the likelihood of this agenda getting voted into law as he lays it out.

 

[Speedwell]

Now all you have to do is apply that amount with all of the other free programs he wants to employ.

Not applicable to U.S.

What makes you think it's a "free program?" Medicare isn't a free program, why should Medicare for all be free?