How We Pay For It

money

The great news is universal healthcare doesn’t require new funds added to what we’re paying now. Instead, we shift our costs from a fragmented, private system to a unified, public one. And while gaining expanded benefits and covering everyone, the transformation still results in cost relief.

A State-wide Non-profit
Publicly Funded Health Trust

We'll create the largest possible risk pool
create efficiencies
gain negotiating power
reduce fraud and waste
cut administrative overhead for providers
and save money for everyone.

The Washington Health Trust Revenue Streams

Healthcare assessment from payroll

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 (between $1M and $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
  • Relieves administrative burden & unpredictable costs of insurance plans for employers
Sole Proprietors
will contribute 		2.0%
of earnings
  • The first $15,000 won’t be taxed

Healthcare assessment from capital gains

If the Washington Health Trust is adopted into law capital gains tax revenue will be shared between education and the Washington Health Trust. First $200K is exempt. Gains from home sales, retirement accounts, or used to purchase a primary residence won't be taxed.

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

 

With the Washington Health Trust we stop paying

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

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