I would owe over 500k more with Sanders. Disgusting.
Y1%Kev.
Why would you assume that money a business saves on an insurance plan would be switched over to an increase in salary? I suppose it could be at your company, but I'm guessing a lot of large corporations would pocket the difference and see a slight uptick in stock prices, ironically benefiting the same 1% Bernie is so worried about.
Well, for the same reason that we expect payroll taxes to pass through to the worker -- because they're part of a compensation package. The value of a group healthcare plan is money the company spends on you that you would otherwise have to spend yourself, so it's just wages in kind.
I'm sure companies would avoid paying for healthcare if they could, but that's not unique to a single-payer system. They would avoid paying for healthcare NOW if they could and yet most white-collar companies pay for healthcare, often at a very high quality level. They do this to attract high-quality labor -- that's how compensation works.
So if that compensation became basically not compensation, because the base level of healthcare (or the mandatory level of expenditure of the average worker, same thing) went way up, then companies who are currently offering it to get better workers would need to replace it with some other form of compensation. Sticky wages means it wouldn't happen immediately, but over time, companies that just pocketed it would just be paying less for the same jobs, and they'd suffer the attendant consequences of doing so.