Eliminating the profits and costs of private insurers won't come close to covering the staggering cost of Medicare for all.
Sen. Bernie Sanders’ once-quixotic campaign to abolish private health insurance in the U.S. — most of it employer-sponsored — in the name of “Medicare for all” has now become the leading progressive litmus test for anyone seeking the Democratic Party’s presidential nomination. Twelve of the remainingUnfortunately, the progressives’ eagerness to upend the entire $3.5-trillion U.S.
Canada has what might be called Medicaid for all, provincial programs that vary in terms of benefits offered. Provinces are reimbursed by the national government based on levels of provincial need and resources, much like our states are with respect to Medicaid. This approach is embodied in the Affordable Care Act’s Medicaid expansion program that — in the 36 states that implemented it -- made millions of Americans newly eligible for Medicaid by allowing people with higher incomes to qualify.
by the Commonwealth Fund. In Germany, more than 10% of households opt out of the government program altogether and purchase unsubsidized private insurance. The financial underpinnings of Medicare for all rest on the assumption that great savings will be achieved by abolishing the profits and administrative costs of the private insurance industry and that its total cost will be less than current combined public and private expenditures.
Not only does the ACA incorporate elements of other countries’ approaches to universal healthcare coverage, it has provided health insurance to 20 million more Americans, cutting the uninsured rate by over 40%, according toThe ACA has also protected millions with preexisting health conditions from losing coverage, enabled young adults to be covered by their parents’ insurance, and made the scope of benefits more comprehensive and consistent for most Americans.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump promotes private Medicare coverage, drawing contrast with Democrats' health care plans
Read more »
Trump signs Medicare executive order to 'ensure the world's best health care'WATCH: President Trump announced and signed an executive order aimed at protecting and improving Medicare coverage at an event in Florida.
Read more »
Trump to issue executive order 'protecting' Americans from 'Medicare for All' campaign proposals pushed by DemocratsSo far, the businesses in the services sector have been growing at a decent pace and withstanding the headwinds that have hit manufacturing.
Read more »
Trump signs executive order expanding Medicare, saying Democrats are 'stealing' health careFall homebuyers are getting a bonus. The sell-off in the stock market is causing an unexpected turnaround in mortgage rates.
Read more »
AG Barr to Facebook: We need 'lawful access' to messages to fight crimeThe Dept. of Justice has published an open letter asking Facebook to alter its plan to fully encrypt Facebook’s messaging services.
Read more »