KEY THOUGHT: While offering all U.S. citizens free health care using a single-payer system sounds attractive as a political talking point, actually implementing Medicare for All would require a complex restructuring of a multi-trillion dollar industry and cost trillions of dollars. Rather than make promises that don’t make sense politicians should strengthen the ACA and fix its shortfalls.Continue reading
- Medicare for All would save the American people $2 trillion over a 10-year period. … according to the Mercatus Center.
- [inlinetweet prefix=”” tweeter=”” suffix=””]Those savings are not guaranteed, and the lack of a monetary incentive for patients to hold back on services could lead to increased use of the system, adding to the overall cost.[/inlinetweet]
- It assumes that provider payment will be reduced to Medicare levels, that negotiation with prescription drugmakers will generate significant savings, and that administrative costs will be cut from 13 to 6 percent.
- However,[inlinetweet prefix=”” tweeter=”” suffix=””] in an alternative scenario in which cost-control works less effectively Mercatus found that over the same 10-year period, national health expenditures would actually increase by $3.252 trillion compared to current law.[/inlinetweet]