Keep the consequences of “free” health care in mind

Senator Sanders proposes a Medicare-for-all plan that virtually eliminates all out-of-pocket costs (no deductibles or co-pays) while also expanding coverage to dental and vision.

That is a prescription for fiscal disaster and ignores the reality of health care spending.

Where is it written and why is it a common perception reasonable cost of health care should not be part of the family budget?

2 comments

  1. Where does that chart come from (attribution)? Looks like it is in nominal dollars, not real dollars, adjusted for inflation. That is, today’s $1,000 deductible is less, as a percentage of the cost of coverage, than a $100 deductible 30 years ago (the 1980’s).

    So, the generosity of coverage has NOT declined for most Americans – for most Americans who have employer sponsored coverage, and those with Medicare, their coverage includes benefits for a higher percentage of the point of purchase expenses than were covered by the typical health plan in the 1970’s. That is, Americans typically pay, on average, less than 15% of the cost of services out of pocket.

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    1. It’s hand drawn just for illustration, not accurate numbers. But I disagree, out-of-pocket costs and premium sharing have been steadily increasing for people with networks shrinking and for those emp,ored by large companies, their coverage (retirees) has disappeared. I remember the $100 deductible applied just for outpatient services. Where does the 15% come from. I know of no one who comes close to that today.

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