National Healthcare Through Medicare

One out of every Seven or Eight people in the United States does not have health care coverage.

How do we get the funds for a National Healthcare System? We have an untapped source.


Our taxpayer works a year, pays his taxes on his earnings and has the right to spend those funds. But what if he does not spend his earnings? Instead an estate is created, funds are accumulated. The funds require additional federal government services.


At the present time our government has only taxed such estates upon transfer, at death of the taxpayer. There are many who believe that this is double taxation. This is not correct. A person who earns money and spends it has no further tax to pay. But, one who builds and estate is using federal government services to protect that estate.


Our National Wealth is in excess of 66 Trillion. A tax of 2% should bring in enough to cover our needs. In fact, it would probably be closer to 1% because we are already collecting Medicare funds. The reduction in record keeping, the elimination of collection expenses, a one payor system and getting our overweight people to take care of themselves would greatly reduce the percentage. Our income tax expense would be reduced because we would eliminate much of Medicaid. Businesses would no longer have to supply coverage for its employees. People would pay an estate tax, but they would have a smaller medical expense (Medicare pays 80%, so they would still have a 20% liability remaining).

But, please remember that you are getting health coverage, so that you should think of this as an insurance premium, rather than a tax, at least for the first $ 5,000 if one has to pay that much.

Respectfully submitted,

Ben Podgor

Atlanta GA

Revised: May 4, 2013


Our National Wealth had dropped, but I am happy to report it is back to a higher figure when I first wrote this article, which is quite some time ago.

Ben Podgor

Atlanta, GA

Postscript(1) We have an obligation to keep everyone health insured. They are our military reserve, ready to help defend, when necessary.
............(2)Our obligation to keep everyone insured might be reduced for health care that is self imposed, smokers and obese watch out.
............(3)Those who already have Medicare, because they are 65 years old, or older will not be getting any additional benefit if this system is adopted. It would appear proper to give them an allowance against any tax they might be required to pay. It appears that Medicare paid approximately $ ----- per patient, in the prior year. I would suggest that they should get a credit of such amount against any tax they might be required to pay. However, they should not be entitled to refund, if their tax were less than that amount.

Data Sources:

1. Status of the Social Security and Medicare Programs. A summary of the annual reports.

http://www.ssa.gov/OACT/TRsum/trsummary.html

2. Balance Sheet of Households and Nonprofit Organizations

http://federalreserve.gov/releases/z1

B.100 Balance Sheet Of Households and Nonprofit Organizations (1)


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