How did we figure $9 TRILLION?
by Virginia Hammon | published
155 1 minute read
The US population is 328 million
254 million x $24,000/year = $6.1 trillion
Children under 18, 22.3%
73 million x $12,000/year = $0.9 trillion
Basic Income Total: $7 trillion
Healthcare for all Americans @ $8,000/per person* $2.6 trillion
Less what we are paying for Medicare and Medicaid (2018) ($1.3 trillion)
Healthcare for all total $1.3 trillion
* The US currently averages about $11,000, but the next highest country is Switzerland and they spend $8,000, and have better outcomes than we do. Then the rest of the developed world is in the $5-6,000 range, and they also mostly have better outcomes. So, surely the US can do as well as Switzerland, right?
TOTAL $9 trillion !
(Rounded up by about 700 billion...lot’s more needs doing, and it’s always good to budget high for contingencies, such as the additional cost of the pandemic, and for the cost of implementation.)