THE DAD

I got caught. One of my readers noticed that I had yet to say a word about Senator Bernie Sanders and his health plan. I have reviewed plans from Scott Walker to Donald Trump. I’ve even covered Obamacare-lite plans from the Senate Republicans. But like Secretary Clinton, I just kept waiting for him to go away. But he hasn’t…

I read Senator Sanders’ plan over the weekend. It is very easy to understand, especially if you are five years old. Go to the doctor and Dad pays the bill. You may, or may not, get a lollipop, but no one will ask you, at age five, for any money. Need a prescription? Go to the drugstore. Dad’s got it covered. Hospital? Physical therapy? Inpatient substance abuse? Whatever you need, don’t worry. Dad’s got you covered. Great Dad. Rich Dad. Really rich.

Dad is the federal government.

Senator Sanders plan provides 100% coverage. No deductibles. No coinsurance. No copays. He pulls all of the consumer money out of the system. He eliminates all patient incentives to limit or question care.

Where does the federal government get all of this money?

· 6.2% income-based health care premium paid by employers

· 2.2% income-based premium (after deductions) paid by households

· Tax capital gains and dividends as ordinary income

· Limit tax deductions for households earning over $250,000

· Rejuvenate the estate tax

· Increase marginal income tax rates to 37% for a $250,000 family income to 52% on incomes over $10,000,000

That is a lot of tax. It would take a very different Congress to pass a funding bill that looked anything like the wish list, above.

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