osamanobama on 31 July 2011
| thx1139 said: HappySquirrel, You are reading that wrong. That is the amount that all of Obama's policys are projected to add to the debt through 2017. The $5.07 trillion is the amount the Bush policies added to the debt from FY2002 through FY2009. Remember also that Bush's Tax Cuts, Wars, Medicare Part D are still ongoing. Obama's Stimulus is over. Obama big addition was a 1 time thing. Bush's are recurring. Kantor, Both Medicare and Social Security are taxes on wages. Social Security is 6.2% of wages through the 1st $106K. Medicare is 1.45% of wages. Employers match those amounts. BTW in some higher wage industries ( I work in one of these industries) Social Security also encourages employers to have people work OT rather than hire a 2nd person. You can not opt out of Medicare. Now the so called Medicare Part E (Everyone) would still have 1.45% withheld from your wages, but instead of you also paying an Insurance Premium you would pay a Medicare Premium for your own Medicare. The 1.45% would be what you pay into for people over 65. The Medicare Part E premium would be much lower than a private Insurance Premium. osamanobama, You clearly dont know how Health Insurance really works in the US. 1st as I pointed out as an employer we were were charged a premium to offer plans from competing companies. 2nd the Health Insurance industry is dominated in the US by just a handful of companies. 3rd most people get Insurance through their employer so freedom to move isnt an easy thing to do and as I said in #1 insurance companies make it hard to offer choices to your employees. Going outside of your employer has always been riskier and more expensive as well. |
currently we dont have a free market for insuance. example you cant buy accross state lines, limiting competition, more competition will always lower prices, giving the employer an option to go with the lower cost
