How it’s funded

Universal healthcare
saves money.

✓ Preventative care
✓ Administrative efficiency
✓ Fraud reduction
✓ Bulk pricing
✓ Negotiating power

Americans pay on average about twice as much for their healthcare as people in other countries living under universal healthcare without receiving the same level of access to doctors, hospitals, and medical services. The good news is that this means Washington can cover everyone while saving money by shifting our spending away from hundreds of private insurance companies and into a nonprofit public system.

The Washington Health Trust is fully paid for through public financing and makes all healthcare free at the point-of-service.

With the Washington Health Trust we stop paying

  • Deductibles
  • Premiums
  • Co-pays
  • Medical Bills
  • Out of Network Charges
  • High Prescription Costs

The Washington Health Trust Revenue Streams

Employer Contribution

Employers
will contribute 		4.5% - 10.5%
of wages
  • 4.5% for microbusinesses (less than $1M in gross annual profit), first $15,000 per employee exempt
  • 6.5% for minibusinesses ($1M-$3M in gross annual profit), first $15,000 per employee exempt
  • 10.5% for businesses over $3M in gross annual profit
  • Employers may deduct 0-2% from employee payroll
Sole Proprietors
will contribute 		2.0%
of earnings
  • The first $15,000 won’t be taxed

Capital Gains Tax

If the Washington Health Trust is adopted into law capital gains tax revenue will be slightly increased and shared between education and the Washington Health Trust. No gains under $200K in a year would be taxed at all, and gains from home sales, retirement accounts, or used to purchase a primary residence would be exempt.

$0 - $200K $200K - $250K $250K - $300K $300K +
0% capital gains tax 5% to WHT 7% to education 7% to education
2% to WHT

Calculate what your costs would be if the Washington Health Trust were adopted into law.