Thursday, September 24, 2009

A Simple Choice

When it comes to health care reform, doing nothing is not an option. And it looks like everyone is going to have to buy some kind of medical insurance. The only question is, how much are we going to have to pay?

The choices seem pretty stark:

Would you rather pay 12.5% of your income for health insurance or 4.5%?

If you'd rather pay 12.5%, then you must be for the Baucus plan. The good news about this plan is that it won't increase the federal deficit for the first ten years of its implementation and will actually decrease the deficit for the next ten years. The bad news is that 12.5% only covers the cost of insurance; it doesn't include your deductibles or co-pays. Have a bad year? You might end up paying 25% of your salary. But don't worry: your federal taxes won't go up.

If you'd rather pay 4.5% (and who wouldn't) then you are probably all for single-payer health care. The bad news? You'd have to pay more in taxes. The good news? Even a child could figure that one out.

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