Source: Common Dreams
by Dr. Rob Stone
“Paul Krugman won the Nobel Prize for Economics in 2008 and must be a smart fellow. He wrote on Substack August 11, ‘The U.S. Healthcare System is Already Mostly Socialized, and there’s nothing radical about wanting to end insurance company parasitism’. Krugman explained that taxpayers currently pay two-thirds of US healthcare costs. It’s not just the costs of Medicare, Medicaid, the Indian Health Service, the VA, and the Affordable Care Act premium subsidies, but also employers deduct their contribution for their employees’ private insurance as a tax-deductible expense, while the employees owe no income tax on the value of employers’ contribution. Maybe that’s a bit wonky, but the point is simple – when we give tax breaks that subsidize heath insurance for employees, then the rest of us taxpayers have to make up the difference.” (08/20/26)
https://www.commondreams.org/opinion/medicare-for-all-2677735164