Wednesday, May 28, 2008

Canada's National Healthcare cost VS US Healthcare cost - 2007 data

Many in Obama's camp are parading Canada's "National" healthcare - and what the extolling virtues of that plan are - after all - they don't pay anything for a heart transplant or any other service. Well, my scholarly Obamites - let's compare Canada's tax rate and health premiums with the US (using my income/taxes etc)

NOTE: Please see end of post for source research links.


In the US (2007 rates):
Total Income tax on household - $21,000
Medical Insurance (Family of 4) - $3,600
RX Drugs - $900 (Thyroid disease - mine)
Office visits - $100 (10 /year - family of 4 for 2007)
Total Medical Expense + Taxes 2007 - $25,600

In Canada 2007 rates:
Total Income tax on household - $$40,894
Medical Insurance to cover additional expense (Family of 4 )- $3,600
(increased care provided to = what I have now)
RX Drugs - $720 (Thyroid disease - mine)
Office visits - $140 (10 /year - family of 4 for 2007)
Total Medical Expense + Taxes 2007 - $45,354

Difference in cost:
Canada: $45,354
US: $25,600
______________
$19,754 MORE in my pocket in the current US System.

DO I REALLY need to say more?????

SOURCE -
Canadian Info: http://www.cra-arc.gc.ca/tax/individuals/faq/taxrates-e.html
http://www.cmaj.ca/cgi/content/full/170/13/1906
US Info: My 2007 tax return

Do you still think Obama's "National Healthcare" is such a great plan? We all know Washington gets very gluttonous with new programs and fees so the cost will likely be more than this. Personally, I prefer to keep the almost $20K in my pocket.....

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