The report points out a fact most of us don’t know, but which should be obvious to us all: the federal government heavily subsidizes the private health insurance industry.
How so? Through the non-taxation of employer contributions to private employee health plans. The annual figure for that generous tax break for a profitable industry is $5 billion.
“Before asking how we can afford pharmacare, ask how every year we afford a $5 billion public subsidy for private insurance plans available to only some?”
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