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Ken has been on the better side of 7 figure salaries for awhile now, he could easily foot the bill.
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I guess you have not seen the cost for the "medicare for all" program that the leftists in this country are pushing? $30trillion + over 10 years and that is just the "expansion" part - that doesn't count the current cost of medicare.
Our current federal budget is $4trillion. So almost a doubling of the annual budget. Now you could assume that would require a doubling of tax rates to ay the difference (not 1-2%) - but now you run in to the issue of the laws of economics - because doubling tax rates would cripple the economy and you would derive LESS net revenue. Our private sector is already being suffocated by taxes.
Also - that $30 trillion number and the program they are pushing includes doctors getting paid approx. HALF what they get paid now. We already have a problem with doctors leaving the industry - how many are gonna stick around getting paid half? Not all doctors are balling $500k+ a year either - many are only making $150k or less as general practitioners. Further, how many people are going to take the long expensive road to become a doctor if they get paid like crap?
And that is how you get 5 month+ wait times to see specialists in places with single payer healthcare - because it doesn't pay to be in medicine anymore. There are significant wait times for specialists in single payer systems - plenty of studies out there prove that data point.
No thanks....I think we should go the opposite direction - get govt. the hell out of our healthcare system so we can have what we had back in the 50's (a world class system) prior to medicare and medicaid getting instituted and govt sticking their nose under the healthcare tent.
We can't keep taking great care of all the uneducated, unhealthy, lazy, baby making morons that do whatever it takes to get North to the land of idiots and free stuff. I predict that this gets ugly.....Hope I'm wrong.
BTW. Thank you for your service!
If our govt. can't run the VA for a small number of vets (in comparison to 300mm people) - what do you think a nationwide mandated system for the entire country would look like?
No one will argue that our healthcare system right now doesn't have problems (mainly cost) - but the solution in my opinion is not more govt, - they are the problem. We have seen this before - govt. comes in and sticks their nose into a perfectly good functioning free market system, jacks it up with added cost and regulations, then turns around and says "see the private sector can't run this....
Good luck unwinding power hungry bureaucrats from the system though......
Ken probably did cover a lot of it. But he cant go broke over it.
If you made 45k in a year, are you giving away $6700 without batting an eye? Hell no. Nobody would. Thats a huge financial decision.
Pit Row
Current problem is ins underpaying for services in which you paid into and Dr’s/facilities over charging for services and supplies rendered. I am not against them making money but GOUGING the patient is NOT the answer for covering the cost of those without Insurance!
Racked up about 50-60k over a four day stay. Broke 6 ribs, collapsed a lung, Grade 5 AC seperation (Hospital ortho didnt catch this even though I told them my shoulder bothered me the worst), and a Torn peck that was later discovered by a different ortho as well. I literally looked at my own x rays when I got discharged and could tell the collar bone was no longer attached to my shoulder, yet the ortho in the hospital finally came to talk to me and said he had a look at my x rays and saw nothing. Tell him what happened and he'd have another look. Came back and said yep nothings wrong, and refused to send me for an MRI. One of the nurses told me the MRI was a no go due to all the radiation.... Meanwhile they're sending me for 2 full body CT scans a day for 3 days straight and x rays 3 times a day , ha.
3k Deductible, of which I think I paid 2k (company puts some money aside every year in an account that rolls over and builds to cover deductibles....up to 3k then its maxed until you use it), So I had about 1k in there.
The bills were astonishing when im looking at them, X ray 1 in the morning, 3 radiologists billing at it. X ray 2 mid day, 4 more radiologists shooting the bill. CT Scan mid day, four more radiologists shooting the bill. X ray 3 in evening , same thing. Repeat for four days.
I told my insurance company I did not want them to pay the Orthopedic that spent 10 seconds with me and billed me 500$ to tell me nothing was wrong, when in fact it was.
Of that 60k or whatever of bills, the insurance has some negotiated rate (60k is the up front cost for those with no insurance), of like 35k they paid. I paid ~2k. I have no health insurance premium every month, company pays for it as a single male.
Like I said previously, i'm sure my situation is different than most. Part of the problem here is, why can a hospital bill out 60k, but its automatically knocked down to 35k if insurance is paying to square up and settle, yet if its a person off the street with no insurance , welp heres your 60k bill, sure we can try to help you and give you a payment plan. Thats part of the problem. If insurance can pay 35k and the hospital is happy, then 35k is what it should cost to anyone.
Ken has made a very nice living for himself, there’s no doubt about that. But you act like he’s making football/baseball money. He’s not making Peyton Manning money.
Basically in BC (pretty similar in the rest of the country to) if you make between $45-90k a year you're in a 30% marginal rate.
Our top bracket is 49.8% but doesn't kicked in until you hit $205k of income.
Post a reply to: Serious injuries and help? Sensitive topic.