Socialized Medicine might solve the payment problem for people that can't afford it but I lived under the Canadian System of Health Care (OHIP) and much prefer the Health Care I have in the USA (TX). The service/quality of care I receive in the USA is far superior in my opinion.
>Health and education together account for more than 50% of Ontario's spending ($61.3B and $29.1B, respectively)
If you don't mind paying incredibly high taxes for health care or having other people subsidize it for you, then you will probably enjoy socialized medical care.
> The service/quality of care I receive in the USA is far superior in my opinion.
Sure if you have the means either with money or benefits. But too many people don't, and horror stories about US healthcare are depressingly common.
> If you don't mind paying incredibly high taxes for health care
Not really. For an example comparison
> In 2017, workers in the 37 OECD countries paid slightly more than a quarter of their gross wages in tax, on average. At 22.8 per cent, Canada is actually below that average, and as well is below the U.S. rate of 26 per cent.
> If you don't mind paying incredibly high taxes for health care or having other people subsidize it for you, then you will probably enjoy socialized medical care.
I have no problem with my bracket (32%) going up to 50-60% or so if it means I don't have to worry about my parents getting the kind of care they're getting now under the American system.
The best part is that it isn’t that high and the parent you’re responding to is speaking relatively nonsense.
I’m in one of the higher tax brackets in Canada and my _net_ tax rate for 2018 was 28.74%—and that is both _federal_ and _provincial_ taxes.
Per Revenue Canada documentation, the 2019 rates will be:
* 15% on the first $47,630 of taxable income, plus
* 20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259), plus
* 26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667), plus
* 29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus
* 33% of taxable income over $210,371
Ontario adds on to that:
* 5.05% on the first $43,906 of taxable income, +
* 9.15% on the next $43,907, +
* 11.16% on the next $62,187, +
* 12.16% on the next $70,000, +
* 13.16 % on the amount over $220,000
I’m in the third tax bracket. My wife and I together would be in the fourth (but income taxes are not blended that way).
So…no, Canadian taxes are not, and have never been as bad as people say. (Before I émigrated, my wife and I made the same amount of money one year—and I paid more in state and US federal taxes than she did, in the 90s.)
And I get healthcare and a healthy society out of it.
Insurance is a form of subsidy, that is inherent in splitting the cost of a shared risk. If you have health insurance and do not need to claim, you are providing a subsidy for those who do and vice versa. You are also, on top of that, subsidising the company itself, assuming it is run to generate profit for owners and investors.
Here is a breakdown of Ontario, Canada's debt.
https://en.wikipedia.org/wiki/Ontario_government_debt
>Health and education together account for more than 50% of Ontario's spending ($61.3B and $29.1B, respectively)
If you don't mind paying incredibly high taxes for health care or having other people subsidize it for you, then you will probably enjoy socialized medical care.