3.0 trillion dollars to cover unisured

Parent Cafe
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<p>Please tell me what calculation mistakes I have made in this rudimentary model.</p>

<p>The current newspaper cites that there is are 36 million people who are medically unissued.
However it may be a low ball figure as other places I have seen estimated of 50 million uninsured.</p>

<p>Therefore, let us assume that federal government would insure 40 million people. For assumption, we calculate that 15 million people are single and 25 million people are in a pool of family. </p>

<p>Finance Committee documents also flesh out proposals to tax employer-provided health benefits in excess of a certain value — say, $6,200 for individuals and $15,700 for families,
which the documents project as the value of the standard Blue Cross plan for federal employees in 2013. (Figure from NY times). <a href=“http://www.nytimes.com/2009/06/19/us...h.html?_r=1&hp[/url]”>http://www.nytimes.com/2009/06/19/us...h.html?_r=1&hp&lt;/a&gt; </p>

<p>About 25% of Americans are worried that they could lose health care coverage in the next year, a Univ. of Michigan survey found. Nearly half of those questioned expressed concerns they’ll be unable to pay for future care.Thebiggest age group fearing a loss of coveragewasbetween 50-64 years old, withmorewomenthanmenfretting about losing their health insurance. Thegov’t estimated that health care costs this yearwould average $8,160 for every person in the U.S.,up$356a person from ’09. (Page 2 on IBD 06/19/2009) </p>

<p>For individual = 10,000,000 6,200 (NY times data) 62,000,000,000
For family 30,000,000 15,700 (NY times data) 157,000,000,000 </p>

<p>Yearly cost (total)= 219,000,000,000 </p>

<p>Alternative ensuring each one 40,000,000 8,160 (IBD data 6/19/2009) 326,400,000,000 </p>

<p>Let us say, truth is in between, and we average the data ((.22+.32)/2 =0.27 trillion) and then multiply it with 2% inflation over 10 years period. The cost comes out to be
(.27 * 1.02^10) = 3.3 trillion dollars over 10 years.</p>

<p>Let us make this data more accurate and better. No personal opinion just facts to make this data gets better and accurate. Please nothing agianst democrats or republicans politicians. As I want to know why we are seeing low ball figures. </p>

<p>How the CBO office is estimating figure only 1.6 trillion over 10 year periods.?</p>

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<p>I posted it here to improve the assumptions. We need to hear from our politicains how they came on the number 06 billion to 1.0 trillion to 1.6 trillion. I think we needs to get the facts which are more representative. This is not a democrat or republican issue but a national issue related with economy and we need to know what cost will be to afford it.</p>