Anything can work if you throw enough money at it, and I highly doubt your .25% payroll tax is going to come close to paying for it. My company covers 85% of my insurance premium and it costs them a whole lot more than .25% of my salary. And as companies eliminate their own insurance plans and force their employees onto the government plan, or as employees abandon their employer plan and jump on the government plan, which only costs them .25% of their salary, you'll see the costs rise into they hundreds of billions of dollars of additional spending each year.
“And as companies eliminate their own insurance plans and force their employees onto the government plan, or as employees abandon their employer plan and jump on the government plan, which only costs them .25% of their salary, you’ll see the costs rise into they hundreds of billions of dollars of additional spending each year.”
These are valid points. And yes, I’m not sure what amount would be required to fund it. I just threw out a percentage to make the example.
That said, there will be a lot of people paying into it and likely not using it. Those that are 22-32 years old let’s say. That age group will likely rarely need a major procedure. Maybe the corporate annual fee would need to be raised higher at the bigger levels. Maybe $50,000.
I’m just thinking about the framework. Thanks for your thoughts.