H.R. 676 - "MEDICARE FOR ALL" BILL

The real title is "United States National Health Insurance Act." I learned about this bill last night when I went to the "Sicko" meeting at the UA Med Center and I was naturally curious about where the money would come from. In an attempt to pre-empt wingnut lies, here's what the bill itself says:

SEC. 211. OVERVIEW: FUNDING THE USNHI PROGRAM.

(a) In General- The USNHI Program is to be funded as provided in subsections (b)
and (c).
(b) Annual Appropriation for Funding of USNHI Program- There are authorized to be appropriated to carry out this Act such sums as may be necessary.
(c) Intent- Sums appropriated pursuant to subsection (b) shall be paid for--

(1) by vastly reducing paperwork;
(2) by requiring a rational bulk
procurement of medications;
(3) from existing sources of Federal government
revenues for health care;
(4) by increasing personal income taxes on the top
5 percent income earners;
(5) by instituting a modest payroll tax; and
(6) by instituting a small tax on stock and bond transactions.

The taxes seem small enough for the benefit - universal health coverage - but I would like to see some serious (non-Heritage Foundation) analysis of the economics.