Healthcare

Medicare for All 😷 there is more to understand

The cry for Medicare-for-all is indeed appealing and many people are on board, but I wonder if they understand exactly what it means.

One thing is for sure, everyone would have health care coverage, but beyond that what do people understand?

First, Medicare doesn’t work on its own. It works when beneficiaries buy supplemental coverage. Medicare does not have out-of-pocket limits. Medicare considers as an eligible charge only 80% of the market price of services. The private sector picks up the difference. We could easily say, so what, that’s a way to lower health care costs. Maybe so, but there are consequences when applied to the entire population.

Medicare is not cheap. To cover a couple currently costs $26,174 a year. Add in the cost of supplement coverage and prescription coverage currently paid by beneficiaries and the total jumps to $31,813.

While it’s true that on average seniors are more expensive to insure, there are some offsetting factors in the younger population like maternity care, neonatal care, pediatric care, etc.

Keep in mind too that Medicare has several deductibles on hospital stays, prescription drugs, physician services. The point is, we cannot enroll the US population in Medicare and assume it moves forward as is. That simply won’t work. And it won’t be cheap.

Going forward managing growing costs will be a challenge just as it is for every single payer system in the world. That means that receiving health care will not be business as usual.

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1 reply »

  1. I look at the VA as how a national program might work. Currently the VA has to use waiting lists, has some poorly trained doctors, has a hard time keeping the faculties current. They also have a mix of private services in some areas and in other remote areas care maybe a half a day’s drive away. If there is one system, then there would more than likely be almost no affordable private services to backup the national system like the VA uses today. The “private doctors” will be on call for the super rich only.

    I say fix the VA and use that as an example of how the national system would work, but so far the VA has not been fixed and for decades they have half heartedly tried. Until the VA is fixed, they should stop the nonsense about a medical care for all. We cannot afford to issuing blank check to the private sector for medical care.

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