Continuing his exploration of Medicare for All/Single Payer health care, fellow blogger Joe Paduda, lays out point by point, the pros and cons of Medicare for All, as their proponents and opponents claim.
You will notice that there are more pros than cons, so the only reason why it has not been enacted as of yet is because there are too many entities whose bottom-line and profitability are conducive to keeping the status quo. Never mind that there are tremendous benefits of Medicare for All, just as long as we can squeeze every bit of profit out of the system and bleed it dry.
One point not raised by Joe on the pro side is, if Medicare for All is enacted, and employer-based health insurance eliminated, companies could then hire more people because they would not have the added expense of paying for their health insurance. In addition, dropping employer-based health insurance for Medicare for All would improve the company’s bottom-line, by saving that money and plowing it back into the company, or using it to pay higher wages or a higher return on investment.
Here is Joe’s article:
MFA/M4A uses Medicare as the health insurance mechanism for people younger than 65. Some advocates are pitching “Medicare for Some” wherein folks older than 50 or 55 would be able to “buy-in” to Medicare (which covers everyone over 65 today). … Continue reading What is “Medicare for All”?