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How to Fund a Socialized Health Insurance System

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Employers would all pay a 7.0 percent of payroll contribution and employees would all pay 2.0 percent. This contribution essentially converts former health insurance premium payments into member payments. The Cooperative would then pay the private health plans for every member that signs up with their plan. Using this method of finance, 90 to 95 percent of people would pay less overall for health care.

 

   
 
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