How will the federal government's new national health care program be funded?

Question

Quizplus · Accepted Answer

The federal government's new national health care program will be mainly funded by a tax rate of 3.8% on earnings above $200,000 per year for individuals and above $250,000 per year for married couples. This is known as the Medicare surtax, and it is expected to raise billions of dollars to support the program. Option A is not accurate as it only applies to participants of health insurance exchanges, not all taxpayers. Option B is also incorrect as it only applies to firms with at least 50 employees, not all taxpayers. Option D is partially correct, but it only applies to people who do not have health insurance, while the funding for the program comes from the taxation of high-earners.

How Will the Federal Government's New National Health Care Program