Listen I would like a fiscally responsible center right government, but letโs not pretend like the pension crisis we have today isnโt partially because of Jim Thompson and Jim Edgar
@rgoldson@KEL0818@realTomSlayton When youโre talking about the future costs and savings of a plan with defined terms subject to economics we understand pretty well then yea
Not to hard to forecast. Could get it 100% correct but you can absolutely get close. We do this all the time
Being a โdoctorโ doesnโt actually mean you know anything about healthcare systems.
Medicare for all is bad policy. It doesnโt actually fix the underlying problems
We will still end up spending ~18% of GDP on healthcare, 50% more than the next highest in the OECD.
@Jerry_C__ Ok but why did he have to do the ramp in the first place? Illinois constitutional law prevented Thompson and Edgar from editing the COLA
Itโs also not Edgarโs fault that Thompson chose to continually short the fund
@KEL0818@rgoldson@realTomSlayton Youโre correct! But while M4A does get you universal coverage, we actually still end up paying the same amount for healthcare through taxes!
The OBM studies has shown that funding mechanisms for M4A would be fairly extreme like a 20% Vat tax or national sales tax. Not ideal!
@rgoldson@KEL0818@realTomSlayton No thatโs part of a study.
Thereโs new savings and new expenditures
In some studies they cancel out, in many it costs us even more
@heathpicker This is, everyone born before 1964 keeps Medicare or their ability to use it.
This is a highlight of a large plan that involves funding and reimbursement glide downs over 20 years
@Jackattack20204 Of course it being Illinois youโd have to require that funding levels from other sources have to remain within their 10 year averages.
Otherwise theyโll just proportionally drop pension funding with the income tax increase and the tax will end up permanent
JUST IN: Developer abandons $10B Michigan data center project after residents reject the proposal, despite promises of $54 million in annual tax revenue & a $20 million community investment fund.
It took CTA and the feds 12.9 YEARS to do the environmental review for the Red Line Extension!
BAAJA would be a boon for public transit projects that have a federal nexus. Could shrink timeline down to just 2.1 years!
Call your senators and congress members!
I would prefer that we implement a U.S. Singaporean hybrid system.
Every gets an HSA with a mandatory match from you and your employer kinda like FICA. The median American spends about 8-12% of their paycheck on HC today and I would like to make it 4-6% with your employer matching ~5% and paying another 4% to a general trust for the first 20 years of the program. If you reach ~250k in real dollars in your account, you no longer have to contribute and your employer just has to maintain it at inflation. There is a max amount you can hold as well so it doesnโt become a tax exemption vehicle for the wealthy.
The government would run a universal catastrophic coverage plan. Premiums for that plan would be progressive based on income and no premium if you make under 50k indexed to inflation. There would still be 5% coinsurnace. For this structure we can cut and convert Medicare.
The third pillar is a medical trust fund. This we fund with Medicaid outlays and thereโs an investment structure for it. The fund is used to top off low income HSAs and elder accounts. When the fund gets over a certain amount the independent board governing the fund has the ability to disperse dividends back to Congress, to low income accounts, or greater seeding of under 18 accounts. They have discretion there.
Thereโs a number of cost saving measures that have to be included in this as well like upfront cash pricing, broader negotiations with the rest of the OECD on balancing drug costs and implementing reference pricing. There are hospital savings we have to get through charting and coding streamlining. Licensure for PAs, NPs and really all medical personnel needs to be streamlined across the states.
Iโm working on a paper for this plan, thereโs a lot involved with fixing healthcare in the U.S. but this is a high level overview without getting into glide downs on reimbursement or rural hospital or specialty clinic subsidies.
I would prefer that we implement a U.S. Singaporean hybrid system.
Every gets an HSA with a mandatory match from you and your employer kinda like FICA. The median American spends about 8-12% of their paycheck on HC today and I would like to make it 4-6% with your employer matching ~5% and paying another 4% to a general trust for the first 20 years of the program. If you reach ~250k in real dollars in your account, you no longer have to contribute and your employer just has to maintain it at inflation. There is a max amount you can hold as well so it doesnโt become a tax exemption vehicle for the wealthy.
The government would run a universal catastrophic coverage plan. Premiums for that plan would be progressive based on income and no premium if you make under 50k indexed to inflation. There would still be 5% coinsurnace. For this structure we can cut and convert Medicare.
The third pillar is a medical trust fund. This we fund with Medicaid outlays and thereโs an investment structure for it. The fund is used to top off low income HSAs and elder accounts. When the fund gets over a certain amount the independent board governing the fund has the ability to disperse dividends back to Congress, to low income accounts, or greater seeding of under 18 accounts. They have discretion there.
Thereโs a number of cost saving measures that have to be included in this as well like upfront cash pricing, broader negotiations with the rest of the OECD on balancing drug costs and implementing reference pricing. There are hospital savings we have to get through charting and coding streamlining. Licensure for PAs, NPs and really all medical personnel needs to be streamlined across the states.
Iโm working on a paper for this plan, thereโs a lot involved with fixing healthcare in the U.S. but this is a high level overview without getting into glide downs on reimbursement or rural hospital or specialty clinic subsidies.