F-U to those that say we would pay too much...The Numbers

[mdavies013]

US vs Canada


Health Care premium - family of 4 US $ 12,700.00 CND $ Zero <http://www.nchc.org/facts/cost.shtml> Employer Sponsored

Taxes for median income - Feds US $ 8,899.37 CND $ 10,878.96

State income tax - 7% US $ 3,865.61

Provincial Tax CND $ 7,451.00 Calculated under New Brunswick - Highest Rate


Total Cost US $ 25,464.98 CND $ 18,329.96


SAVINGS FOR AVERAGE AMERICAN FAMILY - $7,135 (which does not take into account public transportation or the significantly lower cost of education)


Median income for Americans in 2007 was $50,223 <http://www.census.gov/Press-Release/www/releases/archives/income_wealth/012528.html>.

I converted US median income into Canadian dollars based on value at 12/31/08 - {http://www.bankofcanada.ca/cgi-bin/famecgi_fdps] resulting in income of $61,503.

Based on the tax table below for US rates, the median family would pay In order for an individual to have to pay $7,900 in income taxes in the US, they would have to pay $8,899.37 (4,418.12 + 4,481.25).

I can't find figures detailing the median cost of deductibles.

2008 US Tax Rates

10% on income between $0 and $8,025

15% on the income between $8,025 and $32,550; plus $802.50

25% on the income between $32,550 and $78,850; plus $4,481.25

28% on the income between $78,850 and $164,550; plus $16,056.25

33% on the income between $164,550 and $357,700; plus $40,052.25

35% on the income over $357,700; plus $103,791.75


Canada's tax rates = <http://www.tax-services.ca/income-tax-rates-2008.html>

[FiveGoodMen]

1. Kick

[mwooldri]

2. More numbers:

Medicare covers 46 million Americans, costs the US government $400 billion in 2007.
The UK's NHS covers 60 million Brits (i.e. everyone) and costs the UK government $190 billion in 2007.

Enough said.

[ecstatic]

3. Are you referring to single payer? I think the point that Pres. Obama

and other dems are making is that it would topple our current economy if we totally switched to a new program. Every doctor would take a major pay cut, millions of people working in the current healthcare system could lose their jobs (some jobs would be saved but positions would be obsolete). So basically, one problem (healthcare) would be solved but the economy would take a nose dive due to heavy unemployment and many major corporations going out of business. I'm not a big corporation apologist--just a realist.

I think the "public option" is a GREAT compromise. It's not perfect, but it's just what millions of Americans need.

[mdavies013]

4. I think we need to take a slow walk over to Universal Healthcare...

and that a true public option is a great start. We need to take corporate greed out of the equation.

[ipaint]

5. It's been 64 years.

How much slower should we proceed.