Posted on 03/23/2019 1:04:34 PM PDT by reaganaut1
At the heart of the Medicare for all proposals championed by Senator Bernie Sanders and many Democrats is a revolutionary idea: Abolish private health insurance.
Proponents want to sweep away our complex, confusing, profit-driven mess of a health care system and start fresh with a single government-run insurer that would cover everyone.
But doing away with an entire industry would also be profoundly disruptive. The private health insurance business employs at least a half a million people, covers about 250 million Americans, and generates roughly a trillion dollars in revenues. Its companies stocks are a staple of the mutual funds that make up millions of Americans retirement savings.
Such a change would shake the entire health care system, which makes up a fifth of the United States economy, as hospitals, doctors, nursing homes and pharmaceutical companies would have to adapt to a new set of rules. Most Americans would have a new insurer the federal government and many would find the health insurance stocks in their retirement portfolios much less valuable.
Were talking about changing flows of money on just a huge scale, said Paul Starr, a sociology professor at Princeton University and author of The Social Transformation of American Medicine: The Rise of a Sovereign Profession and the Making of a Vast Industry.
Theres no precedent in American history that compares to this, he said.
Economists have begun wrestling with basic questions about what this sort of change would mean and disagreeing over whether it would cost more or less than the countrys current health care system.
No one has examined the full economic impact of such plans on jobs, wages, investors, doctors and hospitals or the health insurance companies themselves.
(Excerpt) Read more at nytimes.com ...
Theres the question of compensating people who are being forced out of business. Government cant just shut down your private insurance company without paying them the fair market value of their property and other assets.
The Constitutions fair takings clause would put the kibosh on MFA before it would even get off the ground.
You cant shut down an entire sector of the economy and have the government run it. Thats just a leftist wet dream.
Just lost my job and health insurance.
Doc wants a CT scan, open imaging says yer insuracnce will pay but your deductible is $450.
If you pay cash it’s $150
Charlatans!!!
But you dont look pregnant
And that is what the commie left wants..the total destruction of our private health care so THEY end up deciding who lives and who dies..Oh I see you are a registered Republican and you need hip replacement surgery, yeah that’s not gonna happen
I never see a bill with Medicaid.
The abortionists argue that women should have a right to their own bodies. With socialized medicine (single payer is a leftist euphemism) the government controls all of our bodies.
LIke I said, the fair takings clause stands in their way. Nationalization of private health insurance is easier said than done.
the last thing the sheeple need is for their master-government to dictate their health care, telling us when we may and when we may NOT obtain medicines or surgeries or nursing we need
its a horrid proposal, one we must be on guard for.. anytime the dictatorial commies put it forward again
Gonna look at that, but someone pays!
LOL... unfortunately i have abortion coverage as well
Imagine what will happen to ones reproductive system if one doesnt vote properly cause they already know how everyone votes
System is broken.
McCain and Roberts can kiss my ass
If you meet the income threshold, youre covered for everything but co payments.
And no monthly premium.
Communism destroys, that is it’s nature, as a fish unto water.
When I was a young man the gov was not involved in private affairs
Im hurting just thinking about that
Obamacare by any other name is still Obamacare.
If you like politicians managing your health care, youll love MFA.
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