News for hackers. Stuff that matters.

A comment on What is an appropriate level of Basic Income?. Parent comment

Re:What is an appropriate level of Basic Income? by wmf on Saturday May 10, 2014 @12:32AM (#7724498)
The article proposes that everyone (healthy or sick, young and old) pay $350/month out of their BI for health insurance. Would that be enough to replace Medicare?
[ Parent | on HN ]
Re:What is an appropriate level of Basic Income? by cheald on Saturday May 10, 2014 @03:09PM (#7726542)
Sure, but all you've done is keep medicare in place and reduce BI to $7800/year. Note that medicare is only available to people over 65 in most cases - it isn't generalized health insurance, so now anyone under 65 needs to pay for health insurance on top of the Medicare tax. Which is exactly how it is now anyway.
[ Parent | on HN ]
Re:What is an appropriate level of Basic Income? by sanxiyn on Saturday May 10, 2014 @12:59AM (#7724553)
Yes, this would be more than enough. South Koreans paid average $90/month in 2013 for National Health Insurance Service.
[ Parent | on HN ]