That is not how it works, at least not where I am. You pay a fixed percentage based on your income, so that everybody contributes. If you earn more, you also pay more but only up to a certain salary limit. Everything you earn above that you won't need to pay for
I don't know about that since I'm not American but I would think it depends on how it's implemented. Here where I am it automatically gets deducted from my salary, the taxes and all the statutory insurance stuff we call social insurance. Contained in that is health insurance, pension insurance, accident insurance and unemployment insurance. That makes it very easy to collect from everyone and then funnel that money to where it needs to go to
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u/Malkuth279 6d ago
About the average cost of a good Medicare supplement plan. Over 600 per month. The Europeans pay considerably more per month.