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on Thursday, August 13th, 2009 at 2:30 pm and is filed under Hits & Misses.
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The French spend closer to 20% of payroll. Zeke Emanuel is off by a factor of two! Or did he mean a 10% value added tax in addition to the employer mandate that firms must spend 8% of payroll? If that’s the case, 8% plus 10% is about what the French spend. Of course, the French system is also going broke!
I didn’t see a total dollar estimate for Emanuel’s proposal. But right now the employer exclusion costs, what, $250bn annually? What would this be over ten years, $3-4 trillion?
Thanks for reminding us about Obama’s grandmother. It was the President, not the townhall protesters, who first started talking about the need to deny people health care.
August 13th, 2009 at 5:27 pm
The French spend closer to 20% of payroll. Zeke Emanuel is off by a factor of two! Or did he mean a 10% value added tax in addition to the employer mandate that firms must spend 8% of payroll? If that’s the case, 8% plus 10% is about what the French spend. Of course, the French system is also going broke!
August 14th, 2009 at 4:16 am
on AARP selling out, it’s only a matter of time.
August 14th, 2009 at 11:43 am
I didn’t see a total dollar estimate for Emanuel’s proposal. But right now the employer exclusion costs, what, $250bn annually? What would this be over ten years, $3-4 trillion?
August 15th, 2009 at 12:56 am
Thanks for reminding us about Obama’s grandmother. It was the President, not the townhall protesters, who first started talking about the need to deny people health care.
August 15th, 2009 at 11:23 pm
Bart. I’m goiing to guess it’s in the range of $300 to $350 billion.
August 17th, 2009 at 11:42 am
Larry, I gather that’s an annual average. So the low half of my range.