* Typical Annual Commercial Health Insurance Costs for
Self-Employed Person
35 year old man with wife and 2 children earning $75,000
(Wall Street Journal 3/19/92)
* Premiums **Payments Difference
+ Deductible to State/ Princeton
+ Co-payments Fed.Govt. Total Plan
One person group $9,312 $4,033 $13,325 - $2,545
Wife works 0 4,033 17,378 - 6,578
---------------------
Individual 7,234 4,033 11,267 - 467
Wife works 0 4,033 15,300 - 4,500
---------------------
HMO, (Co-payments, 5,640 4,033 9,673 + 1,127
$10 doctor visit,
$250 hospital)
Wife works 0 4,033 13,706 - 2,906
---------------------
Princeton Plan, Full 10,800 0 10,800 0
coverage,
prenatel to grave
Wife works 0 0 10,800 0
++++++++++++++
** Payments to Federal Government for Health Care
Personal Federal Income Taxes, '90 = $467 billion
= 72% of total federal revenues of $651 billion
Total Federal Medical Programs = $297 billion
x 72% = 213 billion
divided by 102 million employed = $2,207
FICA Medicare , $50,000 x .0145 x 2 (employer/employee) $1,450
Total to Federal = 3.657
** Payments to State government for federal
mandated Medicaid (NYT 3/24/92) = 376
($38.3 billion / 102 million employed)
Total to Federal & State = $4,033
Self-Employed Person
35 year old man with wife and 2 children earning $75,000
(Wall Street Journal 3/19/92)
* Premiums **Payments Difference
+ Deductible to State/ Princeton
+ Co-payments Fed.Govt. Total Plan
One person group $9,312 $4,033 $13,325 - $2,545
Wife works 0 4,033 17,378 - 6,578
---------------------
Individual 7,234 4,033 11,267 - 467
Wife works 0 4,033 15,300 - 4,500
---------------------
HMO, (Co-payments, 5,640 4,033 9,673 + 1,127
$10 doctor visit,
$250 hospital)
Wife works 0 4,033 13,706 - 2,906
---------------------
Princeton Plan, Full 10,800 0 10,800 0
coverage,
prenatel to grave
Wife works 0 0 10,800 0
++++++++++++++
** Payments to Federal Government for Health Care
Personal Federal Income Taxes, '90 = $467 billion
= 72% of total federal revenues of $651 billion
Total Federal Medical Programs = $297 billion
x 72% = 213 billion
divided by 102 million employed = $2,207
FICA Medicare , $50,000 x .0145 x 2 (employer/employee) $1,450
Total to Federal = 3.657
** Payments to State government for federal
mandated Medicaid (NYT 3/24/92) = 376
($38.3 billion / 102 million employed)
Total to Federal & State = $4,033
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