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File Name | S21-PF-05-CONAT-MedicareForAll.docx |
File Size | 32.59 KB |
Date added | September 7, 2020 |
Category | Archived |
Tags | Medicare for All, NSDA, Public Forum, Season 21 |
Author | Vance Trefethen |
The road to “Medicare for All” is paved with good intentions, but its destination is a dead end, or worse. While there are problems in the Status Quo, the “Medicare for All” cure would be worse than the disease. Rising medical care costs, which are the big motivation for everyone to “do something” about health care in this country, are mostly CAUSED by Medicare in the first place. And no matter what their cause is, until we solve rising costs, no insurance reform policy or plan will be sustainable because costs will simply keep rising. Giving people more money for health care only drives up demand and costs, requiring giving more money to cover the rising costs, etc. The spiral never ends and the problem is never solved before the country goes bankrupt.
Medicare for All claims to “pay for itself,” but in fact it would require massive government confiscation of trillions of dollars in wealth to pay for it. We can’t even afford the current Medicare system we have now, let alone massively expanding it.
And medical care outcomes would get worse, not better. Single-payer national insurance would guarantee incentives against innovation and better care, as health care providers are incentivized to only provide the care that gets maximum reimbursement from the government, not care that optimizes outcomes for patients.