Originally posted by Ratmagiclady
New thread, for starters? :) This one's mostly about the mania. :)
What are the correct arguments about economics and health care?
There are
304 million living in the US.
I see we are expected to spend
2.5 trillion, (not sure about the site, I don't know if it is pro or con for health care, I just googled and it was the first one I saw), on health care this year.
There are
69.4 million children in the US
Right now we have between
10 to 16 percent unemployment (depending on who you count) . Let's take 10% so the math is easy.
There are
35.9 million poor people in the US.
There are
36.3 million senior citizens in the US
We have
the civilian labor force participation rate at 65.5 percent.
(304 million - 69.4 million children) times 65.5 percent is 153,663,000. 35.9 million poor times 65.5% is 23,335,000, to give an idea of the working poor? So 153,663,000 - 23,335,000 - 36,300,000 = 94,028,000 people left to pay, assuming there is no unemployment. Can we put 10% on the future to pay?
Let's just go with that for now and forget about unemployment numbers. $2.5 trillion in health care costs divided by 94,028,000 people to pay for it, is $26,587 per working stiff.
Average income per worker is around
$42,028 before taxes and $31,410 after. We still have to pay for everything else our taxes go for, so we have to take that health care cost out of the $31,410, $31,410 minus $26,587 is $4823. Seems like that's going to hurt a little.
That is 85% of everyone that works income after the current taxes. Low income, middle, well off, rich.
What is the max you are supposed to spend on housing, 15-25%? That's somewhere between $4,711 to $7853.
Lets look at how much we spend on food,
$40 a week person,
Average household size 2.59 people, food per year per household would be $40 * 2.59 * 52 weeks/year = $5,387.2 a year
What is left to pay for getting to and from work; car, gas, insurance. Then there are the bills like water, garbage, electric, gas, ... Baby's got to have new shoes.
Wow, I wonder how we are going to do this?
Thank you
Russell
Last edited by Russell-Evans; 09-17-2009 at 04:12 PM.