China may be building its strategic oil reserves, WSJ reports China's crude oil imports surged to near record levels last month, as some energy analysts believe the country is hoarding oil for its strategic reserves, reports the Wall Street Journal
If most employees, employers, and people who are self-employed contribute to a trust fund and the proceeds cover the costs of health.
What are the Medicare Trust Funds? Medicare is paid for through two trust fund accounts held by the U.S. Treasury. These funds can only be used for Medicare.
1. Hospital Insurance (HI) Trust Fund What does it pay for? ¦¦Medicare Part A (Hospital Insurance) benefits, such as inpatient hospital care, skilled nursing facility care, home health care, and hospice care
¦¦Medicare Program administration, such as costs for paying benefits, collecting Medicare taxes, and combating fraud and abuse
How is it funded? ¦¦Payroll taxes paid by most employees, employers, and people who are self-employed
¦¦Other sources, such as income taxes paid on Social Security benefits, interest earned on the trust fund investments, and Part A premiums from people who aren’t eligible for premium-free Part A
Pension funds were devised for a time investments returns were guaranteed by the old form of capitalism.
Starting early 80s, when private equity gave rise for a new form of capitalism, economy faced a volatile investment climate in which there weren't any guarantees.
But people -ordinary people- did not perceive that the economy has changed. The economy had become much more complex but ordinary people continued holding the same beliefs that government and economic agents were taking care of their interests.
Today they are waking up for the reality that the whole superstructure built during the old capitalism heyday crumbled and there is nothing new to supersede it. Meaning: they will be on their own.
Always make the connection between what is happening today and correlate it with the old form of capitalism that vanished in the 80s.
This system is preferable, assuming it is a goal of government to protect the health of its citizens, an objective which is not of interest to major factions of the US electorate
The healthcare in Brazil is provided by both private and government institutions. The Minister for Health and Ageing administers national health policy. Primary health care remains the responsibility of the federal government, elements of which (such as the operation of hospitals) are overseen by individual states. Public health care is provided to all Brazilian permanent residents and foreigners in Brazilian territory, and is free at the point of need (being paid for from general taxation).
As far as taxation to pay for it, there is little doubt that the sum of ones taxes plus for profit health insurance premiums in the US, exceeds by far what residents of modern democracies pay for health care