Question
1.3 A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another worker earns $48,000 in
1.3 A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another worker earns $48,000 in employment income and $2,000 in investment income. A third worker earns $68,000 in employment income and $7,000 in investment income. A premium-based system would cost each worker $4,000. A wage tax-based system would cost each worker 8.5 percent of wages. An income tax-based system would cost each worker 8 percent of income. For each worker, calculate the cost of the insurance as a share of total income.
Lee, Robert H.. Economics for Healthcare Managers, Fifth Edition (p. 13). Health Administration Press. Kindle Edition.
Lee, Robert H.. Economics for Healthcare Managers, Fifth Edition (p. 13). Health Administration Press. Kindle Edition.
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