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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Please Note:

My Novellette: "Ode to the Revenue Code, A Novellette" is on sale at both Barnes and Noble and at Amazon.
The dictionary spells Novellette with one L but I believe it looks better with two.

Links to Free Sheet
Music and information
about instruments. Ode to the Revenue Code Award by French Government
Chevalier de Merite agricole.
Be sure to read under
what looks like a diploma. My Songs:
On sale at
Barnes and Noble
as eBooks.

Middle East Solution Ode to the Revenue Code
without cords. A Blog for National
Healthcare Through Medicare;
add your comments. 1. Action
2. Budget Cutting Puts the
Economy into Reverse.
3. I Learned How To Invest.
4. National Healthcare Through
Medicare.

We Can Have National
Healthcare by
using our National Wealth.
-----------------------> Check this also
<-----------------> and this possible result
an income tax
<-------------- reduction. Above songs available
under heading
Economics in Songs.
(some available individually)
5. You Helped Me Grow.


Links to Free Sheet Music and information about instruments.	Ode to the Revenue Code	Award by French Government Chevalier de Merite agricole. Be sure to read under what looks like a diploma.	My Songs: On sale at Barnes and Noble as eBooks.
Middle East Solution	Ode to the Revenue Code without cords.	A Blog for National Healthcare Through Medicare; add your comments.	1. Action 2. Budget Cutting Puts the Economy into Reverse. 3. I Learned How To Invest. 4. National Healthcare Through Medicare.
We Can Have National Healthcare by using our National Wealth. ----------------------->	Check this also <----------------->	and this possible result an income tax <-------------- reduction.	Above songs available under heading Economics in Songs. (some available individually) 5. You Helped Me Grow.