Re:Medicare for All – The Bernie Sanders and Elizabeth Warre...
by Ancalagon on Wednesday October 30, 2019 @03:17PM
(#21401442)
First I just want to point out that I really do not think healthcare should be a jobs program. Second, turning medicare on for all will NOT destroy the entire industry, we would not lose 16 million jobs from a 20% cut in healthcare pricing. Healthcare insurance providers would definitely be in for some hurt. Bloated administrations would be out. 20$ ibuprofen would be out. The market would start to function as a market should.
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Re:Medicare for All – The Bernie Sanders and Elizabeth Warre...
by oflannabhra on Wednesday October 30, 2019 @03:34PM
(#21401606)
I'm not saying it should be a jobs program. I was pointing out that the impact would be far greater than doctors.
I think the point that you are missing in the article is that for any company offering medical services, Medicare/aid is subsidized by other revenue. That is, from the companies perspective, it is offered at a loss. If that subsidization goes away, the company can no longer afford to offer that service. The economic impact of such an event would be massive, and a serious proposal requires far more detail than hand-waving.