Government

Nobody knows what M4A would cost …

and it’s all based on assumptions with the biggest unknown the human factor.

How will Americans react to unlimited, no cost sharing health care, dental care, vision care and long-term care?

One thing is certain. There is no such thing as “increased cost to the federal government.” Every penny will come from higher taxes on Americans or higher deficits passing costs to another generation.

http://www.crfb.org/blogs/fact-checking-medicare-all-claims-fourth-democratic-primary-debate#Claim4

4 replies »

  1. Too funny.

    At the top of the article (see underline in red), there are, ” … increased costs to the federal government [TAXPAYERS]” – but in the very next sentence, “… costs to the ‘private sector’ [ALSO TAXPAYERS] … would go down.” Just like magic!

    And this from the ostensible “Committee for a Responsible Federal Budget”!!!
    (Obviously, all graduates of Hogwarts.)

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  2. Good point. A supply problem as they have in the UK is certainly a possibility. More demand, fewer services available add up to longer wait times and default rationing, but of course say that and you become a right wing radical.

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  3. You can look at this from the demand side, and get the $32 Trillion increase.

    Wonder if anyone has looked at this from the supply side? That is, once all profit has been removed, as promised, once provider wages have been capped in response to fixed reimbursement rates, will there really be a 50% – 100% increase in services, Rx etc. when there is no incentive, in fact there are disincentives, to maintaining even the existing level of services?

    Demand is one thing, supply is another!

    I can envision a reduction in the number of providers (retiring baby boomers), closing of regional hospitals, a bifurcation of coverage (private and public, even if we end up creating international markets), concierge medicine, etc.

    M4A, via rationing and price controls may solve our cost problems by, intentionally or unintentionally, limiting supply to all who can’t afford to pay for private medical services and treatment.

    And, if tax rates become confiscatory, including physicians, what incentives exist to supply more services as the net wage after taxes becomes less and less?

    Who is going to invest $300k – $500k to become a physician, where ability to recover and leverage that investment is curtailed?

    Just look at Medicaid and the VA, remove the access to other coverage, and tell me what you see?!

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