The Medicare for All mystery

I have been with Medicare for twenty years. Four months ago, following a 12-year fight with cancer, my wife spent three weeks in the hospital. The medical bills just for those three weeks exceeded $650,000.

My out-of-pocket cost was less than $1,000. Medicare and the supplement paid the rest.

Based on my personal experience with Medicare, which has been excellent, I believe all Americans — not just those who are 65+ years old — should be able to avail themselves of this program.

Our Monetarily Sovereign government easily could pay for a comprehensive, no-deductible version, that not only would pay for everything but be generous-to-providers so as to attract more people into the healthcare professions.

My sense is that this belief is shared by the vast majority of those who already have Medicare.

And there surely is a need.

Here are excerpts from a health care report that though admittedly is old (2010), I feel quite certain very little has changed:

Among seven nations studied—Australia, Canada, Germany, the Netherlands, New Zealand, the United Kingdom, and the United States—the U.S. ranks last overall, as it did in the 2007, 2006, and 2004.

Most troubling, the U.S. fails to achieve better health outcomes than the other countries, and as shown in the earlier editions, the U.S. is last on dimensions of access, patient safety, coordination, efficiency, and equity.

The Netherlands ranks first, followed closely by the U.K. and Australia.

Quality: The indicators of quality were grouped into four categories: effective care, safe care, coordinated care, and patient-centered care. Compared with the other six countries, the U.S. fares best on provision and receipt of preventive and patient-centered care. However, its low scores on chronic care management and safe, coordinated care pull its overall quality score down.

Access: Not surprisingly—given the absence of universal coverage—people in the U.S. go without needed health care because of cost more often than people do in the other countries.

There is a frequent misperception that such tradeoffs are inevitable; but patients in the Netherlands and Germany have quick access to specialty services and face little out-of-pocket costs.

Efficiency: On indicators of efficiency, the U.S. ranks last among the seven countries,. The U.S. has poor performance on measures of national health expenditures and administrative costs as well as on measures of the use of information technology, rehospitalization, and duplicative medical testing.

Equity: The U.S. ranks a clear last on nearly all measures of equity. Americans with below-average incomes were much more likely than their counterparts in other countries to report not visiting a physician when sick, not getting a recommended test, treatment, or follow-up care, not filling a prescription, or not seeing a dentist when needed because of costs.

Long, healthy, and productive lives: The U.S. ranks last overall with poor scores on all three indicators of long, healthy, and productive lives.

Clearly, the American private insurance industry has been failing Americans, especially those in the lower half of the income/wealth measure.

Before we continue, please remember that of the seven nations compared, five are Monetarily Sovereign and two (Netherlands and Germany) are monetarily non-sovereign.

Why is this important? Because the Monetarily Sovereign nations like the U.S. have the unlimited ability to create their own sovereign currency.

They never can run short of money. Monetarily non-sovereign nations must rely on taxes to pay for things.

Contrary to popular myth, the FICA tax does not pay for Medicare or Social Security. It pays for nothing.

Even if our U.S. government were to collect zero taxes, we have the infinite ability to fund healthcare insurance, indefinitely. Though the U.S. government has this ability, it provides less service than do the two monetarily non-sovereign nations that must rely on taxes.

Because the U.S. private insurance industry has been unable or unwilling to support Americans, various plans under the label “Medicare for All” have been suggested.

Because of Gap Psychology (the desire to distance oneself from those below, on any social measure), the wealthy right-wing opposes such plans, just as it opposes all forms of federal aid to those who are not wealthy.

So, in describing a Medicare for All plan, they intentionally reference plans with shortcomings, then falsely declare those shortcomings are a necessary part of all plans.

Here is an example:

LFA Member Profile: J.D. Tuccille
J.D. TUCCILLE: Let ’em eat cake.

Medicare for All Is Bad Medicine
A better prescription would be to get the government entirely out of health care.
J.D. TUCCILLE

Opponents of choice in medicine are at it again, promoting Medicare for All with the U.S. government as the single payer and private alternatives outlawed.

“Private alternatives outlawed” is not a necessary feature of all Medicare for All plans.

It is not even a necessary feature of today’s Medicare.

For no good reason, today’s Medicare doesn’t pay 100%.

Rather, there are deductibles, that can be covered by private Medicare Supplement insurance.

To my knowledge, the sole purpose of “private alternatives outlawed” is to prevent people from double-dipping, i.e. receiving two payments for the same procedure.

But since the U.S. does offer Medicare, and private alternatives do exist, presumably double-dipping is not a true problem.

The push comes as health care systems around the world try to catch their breath from the stress test inflicted by the pandemic—and by normal demand for expensive services. While American medicine has its share of problems, single-payer supporters would take all of the flaws in the system and make them universal and mandatory.

No, single-payer supporters would take all the benefits of the system, and make the universal.

H.R.1976, the Medicare for All Act of 2021 makes it “unlawful for … a private health insurer to sell health insurance coverage that duplicates the benefits provided under this Act” or for employers to offer alternative coverage.

Providers wouldn’t be forced to participate; the proposed law lets Americans pay non-participating physicians out of pocket for services—subject to regulations.

Why would Americans pay for services covered by a hypothetical Medicare for All? To answer that question, look north of the border, where Canada’s single-payer system, commonly called Medicare, struggles to meet patients’ needs.

“With COVID-19 fuelling a surge in hospitalizations, the latest data provided by the Ministry of Health shows that as of December 31, 2020, there were 29,650 people on a waiting list for surgery” in Saskatchewan, the Canadian Broadcasting Corporation (CBC) reported earlier this month. The CBC noted similar delays in other provinces.

“Specialist physicians surveyed report a median waiting time of 22.6 weeks between referral from a general practitioner and receipt of treatment,” which is the longest wait recorded, according to the free-market Fraser Institute.

The article continues with a litany of examples demonstrating how, under some forms of single-payer insurance, patients must wait a long time for service.

This is supposed to make you believe that long waits are a necessary problem with a Medicare for All plan, but not with private insurance.

However, any discussion of Medicare only tells you who is paying, the government or the private insurance companies. It says nothing about services from doctors, hospitals, nurses, et al.

Given the federal government’s infinite ability to spend, and no need to scrimp for profits, the federal government has far greater power to pay for any level of service.

It could make the entire health care industry so financially attractive that the numbers of doctors hospitals and nurses could double or triple. Taken to an extreme, the government even could afford to fund a private doctor for every man, woman, and child in America.

OK, no one recommends that, but it merely demonstrates how the government easily can pay — much more easily than private insurance can — for the world’s greatest service. There would be no need for the long waits with which Mr. Tuccille threatens you.

Such waits cost more than money—although they cost plenty of that. “[T]wice as many Ontarians with heart ailments passed away waiting for surgery during the pandemic than before COVID-19 hit,” according to the National Post.

To relieve the backlog, Canadian provincial governments, which manage the single-payer system, are turning to private clinics. In Quebec, “without the private sector contracts, a region like Laval would have delayed 76 per cent of surgeries instead of 31 per cent,” the CBC noted in February.

“Private sector contracts”? Without realizing it, the author, J.D. Tuccille just demonstrated that a Monetarily Sovereign government like Canada’s has the unlimited ability to fund good service.

“Private sector contracts” are simply an example of single-payer insurance. The government pays for service.

It demonstrates that the private insurance sector was unable or unwilling to provide enough coverage, so the government had to step in and pay what the citizenry could not afford to pay.

As the data suggests, though, the public sector in many places had trouble delivering as advertised long before anybody had heard of COVID-19.

No, Mr. Tuccille, the data demonstrate that the private sector could not and did not deliver health care for all. That is exactly what is happening in America.

In Germany, where those making less than €64,350 per year must participate in the government health insurance system which is funded on a quarterly basis, the system runs out of money on a regular basis.

Unlike the U.S., the German government is monetarily non-sovereign. It can, and does, run short of money.

“State health insurance patients are struggling to see their doctors towards the end of every quarter, while privately insured patients get easy access,” Deutsche Welle reported in 2018.

“The researchers traced the phenomenon to Germany’s ‘budget’ system, which means that state health insurance companies only reimburse the full cost of certain treatments up to a particular number of patients or a particular monetary value … Once that budget has been exhausted for the quarter, doctors slow down — and sometimes even shut their practices altogether.”

The “budget” acts as backdoor rationing, limiting costs by choking off access for publicly insured patients to all but emergency medical care once the magic number is hit.

Single-payer advocates often criticize private medicine for being cost-conscious, but government systems put at least as much emphasis on the bottom line as any corporate accountant.

Again, without realizing it, J.D. Tuccille demonstrates why Medicare for All is necessary for America.

You and I and the German government are monetarily non-sovereign. We all can run short of dollars. The U.S. government cannot.

The U.S. government has no profit motive — no “bottom line” — to emphasize.

Sadly, even some Monetarily Sovereign governments are (intentionally??) as ignorant of economics as is Mr. Tuccille.

The Libertarians who bleat and moan about the U.S. deficit and debt, seem to have no memory of the fact that despite massive spending for the past 80 years, and numerous tax cuts, the U.S. government never has struggled to pay its bills.

It hasn’t run out of dollars. It hasn’t had to bounce any checks.

This all relates to the Big Lie in economics that says: “Federal taxes fund federal spending.” It simply is not true.

Federal spending always has been funded the same way: The government passes laws from thin air, and these laws provide for dollars being created from thin air. There is no limit on the laws the government can pass, thus there is no limit on the dollars the government can create.

That’s especially obvious in the United Kingdom, where the National Health Service has a cult-like status.

During the pandemic, this took the form of a “Stay Home. Protect the NHS. Save Lives.” campaign.

“The NHS is under severe strain and we must take action to protect it, both so our doctors and nurses can continue to save lives and so they can vaccinate as many people as possible as quickly as we can,” Prime Minister Boris Johnson scolded the public.

Utter nonsense. Boris Johnson either doesn’t know what he’s talking about, or more likely, he is conning the British public. England, being Monetarily Sovereign, never unintentionally can run short of British pounds. Never.

The campaign worked. Even people with medical concerns stayed home, resulting in a drop in doctor visits and a 90 percent plunge in hospital admissions.

Truly sad that sick people are being lied to by their elected leaders. One might say, it’s sickening.

And now comes the overt statement of the Big Lie:

It’s difficult to imagine Americans venerating government bureaucracy (although feelings about Social Security come disturbingly close).

American’s love Social Security because it provides something they otherwise could not afford to obtain on the private market: Financial support in their old age.

But it’s impossible to pretend that Medicare for All could escape the concerns that plague all tax-paid medicine.

Again, the Big Lie. Medicare is not “tax-paid medicine.” It is government-paid medicine.

“A doubling of all currently projected federal individual and corporate income tax collections would be insufficient to finance the added federal costs of the plan,” the Mercatus Center’s Charles Blahous pointed out about an earlier Medicare for All proposal.

WRONG! WONG! WRONG! FEDERAL TAXES DO NOT FUND FEDERAL SPENDING. PERIOD.

Health care in the United States requires reform, without doubt.

But rather than emulate the heavy state involvement that evokes headaches elsewhere in the world, a better prescription would be to get government entirely out of medicine and encourage more competition and choice.

What a pitiful close to a pitiful article. Mr. Tuccille wants your healthcare to rely on the profit motive of American business.

Mr. Tuccille blithely omits the central issue: The unaffordability of healthcare for millions of Americans.

If you are not rich, and you do not have a job that pays for your healthcare, you better not get sick. You either will suffer physically and die early from lack of care and/or suffer financially from trying to pay for your care.

I am retired. I am not poor by any measure, but my wife’s $650,000+ medical bills in January, plus those huge bills we received for all previous12 years of her cancer, would have been financially painful.

As you contemplate Mr. Tuccille’s (and the entire conservative wing’s) thoughtless comments, ask yourself: “What would I do about a $650,000+ hospital bill. And what would my private insurer do about it?”

The federal government not only could afford to pay that bill, but it even could afford to pay a $6 million, or $60 million bill, and never blink an eye. Could your private insurance company afford that?

If you lost your job, would you even be able to find a private carrier who would accept you?

Let us all pray for Mr. Tuccille’s continuing financial ability to afford his private insurance so he can close his eyes to those less affluent than him, and continue his “Let ’em eat cake” articles.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell ………………………………………………………………………………………………………………………………

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

 

 

THE BIG LIE OF ECONOMICS EXPRESSED IN ONE CARTOON

The science of economics is burdened with many lies and myths, most of which are designed to convince you, the public, you should not ask the federal government for benefits.

The Big Lie of Economics is: Federal taxes fund federal spending. It simply is not true. The truth: Federal taxes fund nothing.
Even if the federal government collected $0 taxes, it could continue spending, forever.

The very rich, who control the political establishment, want to widen the Gap between them and you. So they do everything possible to make you agree to have less than you really should. (It’s called “Gap Psychology,” the desire to distance oneself from those below, in any social/economic measure.)

Because “rich” is a comparative measure, the less the poorer have, the richer the rich are. That is why you are told federal deficits and federal debt are too high, and “unsustainable” — to provide you with a seemingly logical rationale for denying you the things they already have: The availability of:

–Significant income
–Safe and comfortable housing
–Comprehensive health care
–A happy, safe, well-fed, well-clothed lifestyle
–University education for your children
–Pleasant, remunerative working conditions
–A comfortable retirement

They tell you, falsely, that you must pay for federal spending, either via taxing or inflation, and that your federal benefits are the dreaded “socialism,

Not one word of that is true.

Federal taxing is not necessary for federal spending. Federal spending never causes inflation. And federal spending is not “socialism.”

And that is why the rich publish misleading cartoons like this:

Dana Summers
The federal government does not spend your money. Your federal taxes do not fund federal spending.

The truth:

1. The federal government does not spend your money. In fact, your federal taxes are destroyed upon receipt
2. You could have free, comprehensive Medicare covering you and everyone in your family, and not need to pay even one penny in FICA (which, by the way, is the most regressive tax in America.)
3. Your children could be educated, grades 13  and above, without any cost to you
4. You could be provided with sufficient income to afford good food, safe housing, good clothing, and the other benefits of being an American (car, TV, vacations, good working conditions, etc.)

Yes, the rich tell you the economy will falter without your hard labor and deprivation (though they themselves are excluded), and that only the rich are entitled to a good life, and that labor is moral (again, the rich are excepted).

And it is all a lie to keep you down.

Consider, for instance, the battle revolving around the $600 stimulus check vs. a $2,000 stimulus check.

Congress finally settled on $600, though there is not a single, economic reason for that limitation. Not one.

I challenge anyone to provide one good excuse for the lower number other than that the rich, and the party of the rich, don’t want you to have it.

The rich expect you not to understand the differences between our Monetarily Sovereign federal government and our monetarily non-sovereign state and local governments.

So, the politicians falsely claim that state and local governments struggle financially because they are inefficient, incompetent, and crooked.

Indeed, some are, but the real reason for the state/local government financial struggles is that they are monetarily non-sovereign.

They simply cannot afford to provide you with good streets, good water, good sewage systems, good elementary and high schools, good police and fire protection, and all the other benefits the federal government could pay for at the touch of a computer key.

The rich have managed to brainwash you into believing you deserve financial hardship and denial of benefits because you don’t labor hard enough or are not smart enough, and that the rich are the ones who deserve the lifestyles you admire.

This can change. The rich are not superior, more deserving Americans. Fate has just been kind to them.

You deserve to have all the benefits the rich have. But first, you must be willing to accept the truth. You must be willing to accept the fact that you have been lied to.

Yes, it is hard to admit you have been suckered all these years. But swallow your pride, understand the truth, and demand that the federal government, which has unlimited money, should even the score, and pay to give you the kind of life rich Americans enjoy.

You deserve it as much as the rich do.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all or a reverse income tax
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

The “Medicare for All” controversy

Because I have Medicare coverage, I received in the mail, my copy of “Medicare & You, 2021.”   Feel free to read it by clicking the link.

Though it is a huge book, about 140 pages long, describing many Medicare rules and coverages, it is not comprehensive. Medicare rules are complex, and there is much more a person needs to know.

For instance, individual states have separate rules, so many questions need to be answered by individual state representatives. And all the costs must be found elsewhere.

There may be three people on earth who have read and understand all the Medicare laws — or maybe not even three.

Here is Medicare’s brief summary:

To Qualify For Medicare:
If you’re already getting benefits from Social Security or the Railroad Retirement Board (RRB), you’ll automatically get Part A and Part B starting
the first day of the month you turn 65.

If you’re under 65 and have a disability, you’ll automatically get Part A and Part B after you get disability benefits from Social Security or certain disability benefits from the RRB for 24 months.

If you live in Puerto Rico, you don’t automatically get Part B. You must sign up for it.

If you have ALS (amyotrophic lateral sclerosis, also called Lou Gehrig’s disease), you’ll get Part A and Part B automatically the month your Social
Security disability benefits begin.

If you don’t want Part B, let us know before the coverage start date on your Medicare card. If you do nothing, you’ll keep Part B and will have to pay Part B premiums through your Social Security benefits. If you choose not to keep Part B but decide you want it later, you may have to wait to enroll and pay a penalty for as long as you have Part B

Summaries of benefits:

And this doesn’t even touch on the ten (!) different “Medigap” plans that cover some of what original Medicare doesn’t. The descriptions of these ten plans begin on page 71.

And then there are the numerous Medicare Part D (prescription drugs) plans.  We won’t even get into the convoluted, complex rules, and various coverage alternatives described on pp 75-85.

Another of the big problems with the Medicare, Medicare Advantage, Medigap, and Part D program is: You cannot know which plan is best for you.

The reason: You don’t know what your health situation will be in the coming months and years. You are forced to guess. So if you choose a plan that doesn’t cover your future misfortune, you’re out of luck.

Further, if you have a serious condition, and wish to change Medigap plans, you may not be able to find one that will accept you.

There are a great many limitations on who and what the various Medicare plans will cover, and none of it is free. You supposedly pay for it as part of your payroll taxes. We say “supposedly,” because every penny you pay in any federal taxes — payroll, income, etc. — every penny is destroyed upon receipt.

So you pay needlessly for incomplete, complex plans. Additionally, Medigap and Part D require separate, out-of-pocket premiums.

In short, unless you are a rocket scientist who also can see the future, you probably can’t have the plan that’s best for you.

There is a better way. In addition to eliminating the useless and regressive payroll tax, Medicare itself can and should be improved.

Here is a suggested summary of a Medicare for All plan:

To Qualify for Medicare for All:
You are a citizen of the United States, or you have lived in the United States and its territories, for at least 6 months in the previous calendar year.

Summary of the benefits:
1. You can go to any doctor or hospital that is accepted by Medicare for All, anywhere in the world.
2. You do not need a referral to see a specialist.
3. All medical services, including doctor, hospital, medically necessary services, and pharmaceutical costs (including dental, vision, and periodical examinations and treatments are covered by Medicare for All. There are no co-pays, deductibles, or out-of-pocket costs.
4. No pre-approvals are necessary.
5. There are no cost-limits.

That’s it. There is no need to determine which plan is best for you. The one plan is comprehensive. The federal government will pay for everything.

And lest you think such a plan will be too costly, remember this: The U.S. federal government is Monetarily Sovereign. That means it has the unlimited ability to pay for anything. It never can run short of dollars.

Proof of that is occurring right now, as this year the federal government has pumped an additional $4 trillion+ into the economy to help America survive the economic costs of the COVID-19 virus.

The more the federal government spends, the more economic stimulus the economy receives.

And no, federal spending never causes inflation, which always is caused by shortages, usually shortages of food or energy. Those notorious Zimbabwe and Weimar hyperinflations were caused by scarcities, not the resultant money-printing.

Then, we come to Congressional fear of insurance companies. These companies are nothing but middlemen between you and your healthcare providers.

They bribe your Congressional representatives to maintain the status quo. They add nothing; they merely pass your money along, while extracting a piece for themselves.

Original Medicare eliminated some of the insurance middlemen. It now is time to eliminate the rest.

Finally, we come to the dreaded word, “socialism.” Although the vast majority of Americans favor Medicare and its benefits, any expansion and simplification of these benefits is immediately and wrongly attacked as “socialism.”

It isn’t socialism. Socialism is government ownership and control over resources, not government spending. Medicare and Social Security are not socialism. The biggest example of socialism in America is the U.S.

military. Shall we do away with the military?

The VA hospitals, the federal highway system, NASA, the FBI and CIA are socialism. Shall we do away with them?

The “socialism” epithet is a lie when applied to Medicare for All. It is a lie designed to keep you from having the same healthcare the rich have.

Bottom Line
The United States has one of the worst medical programs of any major nation. The reason solely is due to debt fear-mongers who falsely proclaim that federal spending is “unsustainable.”

Given the federal government’s unlimited access to dollars, a simpler, more comprehensive health-care plan, totally funded by the federal government, can and should be instituted.

The fact that America doesn’t have one is a disgrace. We have a whole suite of expensive, yet inferior, incomplete plans, foisted on us by Congressional and Presidential cowardice and ignorance.

You deserve better.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all or a reverse income tax
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

A serious healthcare problem. The simple healthcare solution.

Here are excerpts from a September 24, 2020 Email written by Sen. Dick Durbin, in which he eloquently expresses today’s most serious healthcare problem:

On November 10, just one week after Election Day, the Supreme Court will hear arguments in a case in which the Trump Administration and Republicans are arguing that the Affordable Care Act should be struck down in its entirety. 

If the Supreme Court does what the Trump Administration and Republicans are asking it to do, an estimated 20 million Americans would lose their health care coverage. 

Millions of Americans with pre-existing conditions would lose protections that the Affordable Care Act grants them against discrimination by insurance companies. 

Young adults up to age 26 would no longer be able to stay on their parents’ health insurance. 

Medicare would face insolvency sooner, and seniors could be charged more for prescription drugs.

And hospitals, especially in rural areas, would see significant revenue and job losses.

At this moment, in the middle of a global health pandemic, it is almost unimaginable that Republicans are trying to wipe out the critical health care protections in the ACA.  But that’s what they are fighting for in this case.  

You can’t afford my treatment because you voted Republican?

President Trump and Senator McConnell are ignoring the voice of the American people and are trying to rush a nominee onto the Supreme Court before this critical case that will decide the future of Americans’ healthcare. 

Considering all that is at stake, the American people’s voices should be heard and Justice Ginsburg’s last wish should be honored – no confirmation before inauguration.

In short, the healthcare problem is that a conservative Supreme Court, a Republican Congress, and a Republican President want to damage America’s already-shaky, expensive healthcare system.

The GOP’s purpose — their sole purpose — is to satisfy Trump’s maniacal urge to erase anything associated with Barack Obama.

Although Trump repeatedly has promised you a “better” program that will insure all Americans, in almost four years of his administration, no such plan even has been formulated or proposed, much less enacted. It’s all a Trump lie.

This is yet another example of how the GOP, the “party-of-the-rich,” attempts to make the rich richer by widening the wealth Gap between the rich and you.

The rich easily can afford to pay for their known and their unexpected healthcare costs, even without federal support.

Can you?

These are costs for the “average” person. If you have an impossible-to-predict health catastrophe, your healthcare spending may be far higher. Second, the above figures assume that healthcare costs in the future increase at the same rate as inflation. But in the last two decades, healthcare costs have increased twice as fast as inflation

You have, however, a solution: Vote Trump and the GOP Congress out. Their Democratic replacements will vote to provide healthcare insurance for every man, woman, and child in America.

No longer will you have to worry about the potentially disastrous costs of healthcare. No longer will you have to worry about whether you will receive care at all.

Your doctor will be paid. Your hospital will be paid. And you will receive the same care as the rich receive.

The cost can be borne entirely by the U.S. federal government, which being Monetarily Sovereign, has the unlimited financial ability to pay for anything, without levying taxes.

If you have logical concerns about your ability to qualify for, and fund, affordable healthcare, today and in the future, you now can do something about it: Vote the GOP out.

There was a time when the GOP cared about the poor and middle-income people. Today’s GOP is different. It has been taken over by the uncaring rich.

Even if your family and your friends always have voted Republican, even if, for whatever reason you hate Biden and the Democrats, there is a simple, smart financial choice available to you.

Make the wrong choice and you’ll be slapping your forehead for the rest of your life. You never will forgive yourself, and your kids never will forgive you.

Make the smart choice and you’ll be able to relax in confidence, knowing that all your, and your family’s known or unexpected healthcare costs will be paid for.

Vote. Vote smart.

It’s that simple.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:
Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all or a reverse income tax
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY