Originally Posted by redhen
Thai.. how is it done in the UK? Higher taxes for everyone? How...who pays for it..
Just curious ...
Unemployment benefits, disability benefits, family income support, State pensions and health care are all paid for out of income taxes and taxes on employers. No-one needs private insurance for any of that. Private insurance costs are high and, because the companies have to give priority to the demands of their shareholders, they will exclude some classes of individual and charge higher premiums for others. The UK system is priced on income only. It ensures that everyone is protected in that they can receive financial support, a pension and health care without discrimination. Those out of work are still entitled to benefits but financial support for the unemployed and disabled has conditions attached. The unemployed have to show that they are seeking work and receive help in this and the disabled have to prove the extent of their disabilities. Each person has the freedom to buy additional private insurance if he or she wishes but few see the point of so doing.
I understand the reservation that private insurance may put a heavy strain on individual disposable income and tax funded schemes aren't cheap either. However, if the UK, almost bankrupted by war debts in 1947, could do it, so can you guys.