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Here is my take on Medicare for All...note the last word of that statement 'All' and that is where people like AOC and fellow socialist Democrats run into a few major problem. Here is why:
One: Medicare part B is not free...right now in 2019 it cost a retired person 65 and older $135.50 a month, a couple $271 a month which is held out of their SS checks. Also held out of their SS check is part D (drugs) which amounts to $86.20 and for two totals $172.40 a month. Both amount to $5320.80 a year...as you can see Medicare part B and D are not free.
Two: Now consider Medicare for 'All" and if it is for 'All' then multiply that $5320.80 by 325 million American citizens...Now you are talking real money. And throw in an estimated 22 million who are in the country illegally and it get worst.
Just image you are about 50 years old, a wife and two children and making around the national average in wages which is just above $50K...your cost would be $21283.80 a year. Remember its Medicare for 'All' so I assume all would have to pay the same no matter the age, income or ability. If for some reason income or age is factored in then the cost to the average American would increase which would cause higher premium and/or higher poverty levels.
Three: If under AOC and the socialist democrats plan comes about and all health insurance companies are eliminated then all Medigap insurance will be cancelled...meaning Medicare part B would only pay for about 80% of cost and you and I will libel for the other 20%. Also if the insurance portion of part D would be eliminated and you and I would be libel for another 20% of all our life needed drug cost.
Four: If all health insurance companies are eliminated think about the number of cases of bankruptcy could increase to record levels. Could you survive financially if one of you children came down with a life threatening disease under Medicare for All and you had to find money to pay for the amount medicare for all didn't pay?
Five: Under the socialist democratic plan even union/company health care plans would be eliminated because there wouldn't be any health care insurance companies left. You as a union member would be stuck with the bill.
Don't believe the democrats want Medicare for all? Read the links...
I think "Medicare For All" should be considered, the details to be worked out by Congress. Keep in mind the fact that Medicare part A is just hospitalization insurance. Everyone who has health insurance has hospitalization insurance and the uninsured who are hospitalized everyone is paying for now. I suggest that insurers offer programs with the option of Medicare part A as a part of the policy.
Medicare part B is out of hospital health care insurance. Physicians will oppose that because it limits their fees.
I suggest small steps starting with part A option.
I think "Medicare For All" should be considered, the details to be worked out by Congress. Keep in mind the fact that Medicare part A is just hospitalization insurance. Everyone who has health insurance has hospitalization insurance and the uninsured who are hospitalized everyone is paying for now. I suggest that insurers offer programs with the option of Medicare part A as a part of the policy.
Medicare part B is out of hospital health care insurance. Physicians will oppose that because it limits their fees.
I suggest small steps starting with part A option.
But, but under the current Medicare for All plan touted by the left it eliminates health insurance companies.
Two: Now consider Medicare for 'All" and if it is for 'All' then multiply that $5320.80 by 325 million American citizens...Now you are talking real money. And throw in an estimated 22 million who are in the country illegally and it get worst.
Just image you are about 50 years old, a wife and two children and making around the national average in wages which is just above $50K...your cost would be $21283.80 a year. Remember its Medicare for 'All' so I assume all would have to pay the same no matter the age, income or ability. If for some reason income or age is factored in then the cost to the average American would increase which would cause higher premium and/or higher poverty levels.
Your math is wrong. Only about 10% of Americans are without health insurance now, so that would be the incremental increase to the cost. All other Americans who are currently paying for premiums now would pay those premiums to the single-provider, so they would not have a change.
Quote:
Three: If under AOC and the socialist democrats plan comes about and all health insurance companies are eliminated then all Medigap insurance will be cancelled...meaning Medicare part B would only pay for about 80% of cost and you and I will libel for the other 20%. Also if the insurance portion of part D would be eliminated and you and I would be libel for another 20% of all our life needed drug cost.
There are many proposals for how Medicare-for-all would work. Nobody believes that the new Medicare for all will be the old Medicare, it would be similar is about it. Medigap would be absorbed into the new "Medicare for all" so it would no longer be needed. The idea is to get rid of any private medical insurance and have Medicare-for-all provide everything that was formerly provided privately.
Well, the other little detail is that everyone that currently receives Medicare has been paying into it for their entire working lives. So if they started working part time at say 15 like most of us, they paid 50 years before they started to receive a thing in benefits. If it is opened to everyone, individuals must pay the full cost of Medicare-for themselves, and for their young, non-working children. That is why countries that have government funded health care have both VERY high taxes, as well as very regressive ones.
But, but under the current Medicare for All plan touted by the left it eliminates health insurance companies.
Health insurance companies will never be eliminated because rich folks like their elite hospitals and the helicopters to take them there in case of a real emergency.
Your math is wrong. Only about 10% of Americans are without health insurance now, so that would be the incremental increase to the cost. All other Americans who are currently paying for premiums now would pay those premiums to the single-provider, so they would not have a change.
There are many proposals for how Medicare-for-all would work. Nobody believes that the new Medicare for all will be the old Medicare, it would be similar is about it. Medigap would be absorbed into the new "Medicare for all" so it would no longer be needed. The idea is to get rid of any private medical insurance and have Medicare-for-all provide everything that was formerly provided privately.
At a cost of $33 trillion over 10 years...yeah that would work.
If only about 10% of Americans are without health insurance and that is about the right number so what is the problem. Not enough total control over the population by the government as liberal/progressives/socialist want?
Health insurance companies will never be eliminated because rich folks like their elite hospitals and the helicopters to take them there in case of a real emergency.
Eh...if the rich will use private doctors and private hospitals they don't need Health insurance.
Medicare for all is a childish notion given the insolvency of everything the state runs.
I say those who want it can have it, but they dont get to force participation or prohibit other health care systems from arising in the private market.
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