Re:Economic Analysis of Medicare for All
by specialist on Wednesday December 05, 2018 @07:55PM
(#18614397)
"cost controls the paper appears to advocate for literally mean someone is making less money"
Reference Table S1.
Cost controls would account for ~14.5% of the total savings.
Hardly seems onerous. Medicare's medical loss ratio is approx 4% (?), whereas ACA caps private insurers at 15%. So clearly there's plenty of fat to be trimmed.
TL;DR: Single payer is cheaper, people live longer. Transition will be painful.
Reference Table S1.
Cost controls would account for ~14.5% of the total savings.
Hardly seems onerous. Medicare's medical loss ratio is approx 4% (?), whereas ACA caps private insurers at 15%. So clearly there's plenty of fat to be trimmed.
TL;DR: Single payer is cheaper, people live longer. Transition will be painful.