How to fund "Medicare for All"?

Please suggest where the government can get ~$1.7 trillion per year to pay for "Medicare for All": {That is 80 percent of the portion of health care government does not now pay for, plus enough to increase Medicaid reimbursements to Medicare levels, plus debt service on the estimated $800 billion... show more Please suggest where the government can get ~$1.7 trillion per year to pay for "Medicare for All":

{That is 80 percent of the portion of health care government does not now pay for, plus enough to increase Medicaid reimbursements to Medicare levels, plus debt service on the estimated $800 billion required to buy out existing health insurance operations.}

Some taxes that might raise this amount:

1. Fifty percent [50pc] surcharge on all pre-credit Federal taxes -- income, estates, Social Security, Medicare, Unemployment, Customs, Excise, et al. Yes, this would push marginal tax rates up over 60 percent for some.

2. Carbon dioxide emissions tax equivalent to $3.00 per gallon on fossil fuels. Electricity bills would also go up about half.

3. Impose a sixteen percent [16pc] Value Added Tax on all spending except health care -- rent, food, automobiles, home ownership, insurance, everything included.

You may propose a mixture of these taxes, or to exempt some uses, or other taxes not listed, as long as the net revenue increase reaches ~$1.7 trillion per year.

All current non-government health care payments would be reduced to about 25 percent of present Medicare allowed prices. Medicare allowed prices would be increased about 25 percent so that hospitals and physicians do not go bankrupt serving us.


No, none of this new revenue would be available to pay for Social Security or infrastructure needs.


Yes, there are other possible tax ideas not listed.
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