Swagman wrote on Feb 20
th, 2014 at 8:24am:
Medicare / Medibank was unsustainable from the outset and is even more unsustainable now and without reform will go belly up.
The 'levy' has rarely changed to cover the compounding cost.
So put up the Medicare levy. No brainer.
Quote:The cost is going to continue to compound as the population ages and the number of income tax-payers as a proportion of the population declines.
F A C T
How is it going to be funded? Labor always uses debt (which is unsustainable). The Coalition use cuts to other services (which is also unsustainable)?
End the ridiculous inconsistency where self-funded retirees are kept out of the taxation system while being a part of the cohort that consumes the bulk of the health care budget. That is what is causing the unsustainability.
Quote:The Coalition proposes a co-payment and the Lefties have a dumby spit because apparently this is 'unfair'....bullchitt.
It is unfair because the
largest consumers of the health care budget pay the
least towards it even though many of them can easily afford to do so.
Quote:TAX reform and IR reform is the answer.
* Increase the GST
* Get rid of the stupid anti-enterprise IR policies such as penalty rates.
* A user-pays co-payment is essential
* Redistribute a percentage of the superannuation guarantee payment and / or earnings into a health insurance premium (super funds to it now with life insurance)
These proposals do
nothing towards addressing the sustainability of the health care budget but are just another tax grab to extort more silver from the poor by force to pay for the extravagant largesse of the wealthy.
A more sensible approach that goes to the heart of the sustainability issue is ending the taxation moratorium on self-funded retirees. This would raise more revenue than the entire health budget, so use some of this extra revenue to improve funding for aged care.
Quote:The bottom line is taxes need to be increased. BUT if taxes are increased the non-income tax payers have to bear some of the cost as well with a token co-payment and an increased GST bill.
Non-income tax payers cannot continue to get a free ride off the tax-payer.
Start with the self-funded retirees. The ones that earn good income from investing their superannuation and paying very little tax on it while at the same time being some of the largest consumers of the health care budget.
* Make superannuation lump sums tax free
* Tax investment income from investing superannuation as normal and end the tax moratorium
* Phase this in over 10 years