Post by unlawflcombatnt on Nov 19, 2009 16:23:36 GMT -6
Below is a graphic from Kaiser Family Foundation that gives an age-breakdown on health care spending for 2006. (Modified to use less screen space.)
This is the link to the above graphic:
facts.kff.org/upload/jpg/large/3%20Distribution%20of%
20Average%20Spending%20Per%20Person,%2020061.jpg
Here's the actual link to this information from CMS:
Link
If there were 300 million Americans in 2006, and the average cost was $3443 per person, that gives a health care spending total of $1.0329 trillion (or $1,032.9 billion).
If the over-64 group cost $8,776 each, and there were 45 million in that group, that would give a total of $394 billion annually. (That's fairly close to the Treasury Dept's published total for Medicare spending.)
If $394.9 billion is subtracted from $1,032.9 billion, it totals $638 billion. Thus it costs $638 billion to take care of the under-65 population.
If the 45 million over-64 population is subtracted from the 300 million total population, it gives 255 million.
Thus the cost of taking care of 255 million under-65 Americans is $638 billion, or $2,500/person/year.
The cost of covering 45 million Americans (assumed not currently insured), would be $112 billion/year, or $1.12 trillion over 10 years.
This would be the entire TOTAL cost of taxpayers paying 100% of the for 45 million Americans. With a 20% deductible, and with taxpayers paying ALL of the remaining 80%, the cost would be $900 billion to taxpayers over 10 years. ($90 billion/year)
Any additional amount that enrollees paid in premiums would subtract further from that amount. If enrollees also paid a $1,000/year premium (along with the standard 20% deductible used by Medicare), the taxpayer cost would be only $540 billion over 10 years---
and only $54 billion/year!
This is one hell of a lot cheaper than the proposed $900 billion insurance company welfare package being proposed in Congress.
This is the link to the above graphic:
facts.kff.org/upload/jpg/large/3%20Distribution%20of%
20Average%20Spending%20Per%20Person,%2020061.jpg
Here's the actual link to this information from CMS:
Link
If there were 300 million Americans in 2006, and the average cost was $3443 per person, that gives a health care spending total of $1.0329 trillion (or $1,032.9 billion).
If the over-64 group cost $8,776 each, and there were 45 million in that group, that would give a total of $394 billion annually. (That's fairly close to the Treasury Dept's published total for Medicare spending.)
If $394.9 billion is subtracted from $1,032.9 billion, it totals $638 billion. Thus it costs $638 billion to take care of the under-65 population.
If the 45 million over-64 population is subtracted from the 300 million total population, it gives 255 million.
Thus the cost of taking care of 255 million under-65 Americans is $638 billion, or $2,500/person/year.
The cost of covering 45 million Americans (assumed not currently insured), would be $112 billion/year, or $1.12 trillion over 10 years.
This would be the entire TOTAL cost of taxpayers paying 100% of the for 45 million Americans. With a 20% deductible, and with taxpayers paying ALL of the remaining 80%, the cost would be $900 billion to taxpayers over 10 years. ($90 billion/year)
Any additional amount that enrollees paid in premiums would subtract further from that amount. If enrollees also paid a $1,000/year premium (along with the standard 20% deductible used by Medicare), the taxpayer cost would be only $540 billion over 10 years---
and only $54 billion/year!
This is one hell of a lot cheaper than the proposed $900 billion insurance company welfare package being proposed in Congress.