alt Hacker News> If we raised taxes and implemented universal healthcare we’d save about $1T a year
If it saves $1T, then why does it require raising taxes?
Replies
Quarrelsome • yesterday at 9:23 PM
idk maybe those savings are not upfront but are more around productivity improvements and so on.
Because currently the working population pays what is effectively a tax for health insurance. I pay over $450 a month for a family plan, and that's cheap and subsidized AND I need to pay for copays/deductible/coinsurance.
So taxes could go up $5k/yr but if I got health insurance, I'm better off.
The savings would take longer to realize because they come from better contracts, better preventative care, increased screenings etc.