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SPEND
HEALTHCARE DOLLARS ON HEALTHCARE! NOT ON INSURANCE COMPANIES. SUPPORT H.R.
676 the bill in Congress to provide universal,
single-payer healthcare for EVERYONE! a local, all-volunteer citizens group working to
support H.R. 676, “Expanded and Improved Medicare for All” www.WPaSinglePayer.org
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A BRIEF SUMMARY OF H.R.
676-U.S. National Health Insurance Act Introduced
by John Conyers, Jr., (D-MI) with 93 co-sponsors (as of Establishes a publicly financed, privately delivered
national health insurance program by expanding
and improving Medicare for all With 46 million
uninsured and more than that underinsured, it is time to change our
inefficient, costly, and fragmented health care system. According to the Center for Economic Research and
Policy, HR 676 would save $387 billion annually in overall
health care spending while covering all of the uninsured by 1) reducing the administrative costs of
private insurance from 20-30% to 3% under Medicare, 2) eliminating the insurance
profit margin, and 3) negotiating for lower drug prices. We would move away from our present system, where the
average annual family premium has increased to $12,680 /year. Under H.R. 676, a family of three
making $40,000/year would spend approximately $1900/year or $150/month in
taxes for excellent health care
coverage, with no copays, deductibles, or
monthly premiums. Under H.R. 676, employers
currently providing health care benefits to their employees would pay much less in taxes for
better coverage, making American businesses more competitive while protecting
the well-being of their employees. Health Care Services Covered: Office visits, hospitalizations, emergency care, prescription drugs, durable medical equipment, long term care, mental health services, drug and alcohol treatment, dentistry, eye care, hearing aids, chiropractic. Proposed Funding: A
modest payroll tax on all employees of 3.3% and employers of 4.5%, in
addition to the l.45% Medicare payroll tax that employers/ees
are already paying. A 5% health tax on
the top 5% of income earners; 10% tax on richest 1%. A small tax (one quarter of one percent)
on stock and bond transfers. Closing
corporate tax loopholes, and repealing the Bush tax
cut for the highest 1% of income earners. |