Exactly great post-abc is advancing little more than a radical political agenda nothing more
Radical and divorced from reality. What I find disturbing is the response from our side. Why isn't anyone stating the obvious, i.e., Medicare has been running in the red since 2008. Once the HI Trust Fund is exhausted in 2026, benefits will have to be reduced, by law, to the revenue received.
Expanding Medicare for all means higher taxes and reduced benefits. And the General Fund will take an even bigger hit to fund SMI, (Medicare's Supplementary Medical Insurance) for Parts B, C, and D). In 2017 $292.5 billion (equivalent to 42% of the funds spent by DOD) came from the GF to fund SMI and that number will continue to increase every year as the numbers on Medicare increase in an aging society. Expanding Medicare will increase those numbers geometrically.
About 10% of doctors no longer accept new Medicare patients and 30% don't accept new Medicaid patients because the reimbursement rates are lower than actual costs. Those numbers will increase if Medicare is expanded to all. Access to medical care will decrease as a result. And one thing that people may not realize is that 90% of all Medicare recipients have Medi-gap or supplementary private insurance to cover the difference between what Medicare pays and what they are responsible for. The private insurance companies will continue to flourish under an expanded Medicare system.
80% of American income earners pay more in payroll taxes than they do in income taxes.