Wednesday, April 17, 2019

Health insurance

The average cost of company paid health insurance is $19,616 of which $5,547 is paid by the employee and $14,069 for the employer. Since 160 million people have company insurance this will transfer 160 million times $14,069 or $2.25 trillion from corporations to government and that is each year. This still leaves another 160 million people without coverage. If their cost is similar the total cost for all Americans is close to the entire budget. While companies will love this plan those whose taxes increase to cover the cost will not like it.

No comments:

Post a Comment