Posted on 11/03/2019 4:24:15 AM PST by karpov
...
Here’s a summary of what Ms. Warren has proposed on either side of the ledger.
To reduce the plan’s costs:
Change the way Medicare pays for certain types of hospital stays, such as paying a package rate rather than different fees for surgical services, and paying doctors in hospital-owned practices the lower prices paid to those in private practices. ($2.3 trillion)
Assume that the Medicare for all program itself can operate very leanly. The Urban Institute estimated that Medicare would devote about 6 percent of its health budget on administrators to decide what and how Medicare would pay for things, and to prevent fraud. In Ms. Warren’s plan, that rate is 2.3 percent. ($1.8 trillion)
Assume very aggressive drug discounts. Ms. Warren believes a government system will be able to reduce spending on drugs substantially, including lowering the prices of branded prescription drugs by 70 percent. ($1.7 trillion)
Assume slower growth in health spending over time. The federal government now thinks health spending will increase by 5.5 percent a year; the Warren campaign assumes 3.9 percent growth under Medicare for all, closer to the rate of growth in gross domestic product. ($1.1 trillion)
Assume lower payments to hospitals. The campaign believes hospitals can be paid around 110 percent of what they are currently paid by Medicare, a number that would cause some hospitals to operate at a loss. Currently, private health insurers often pay a lot more to hospitals than Medicare for similar procedures. ($600 billion)
To pay for the plan:
Employers would be required to pay fees to the federal government, equivalent to 98 percent of what they now spend on their employees’ health care. Some companies would be exempt, and companies with unionized work forces would be able to lower this payment if they increased workers’ wages.
(Excerpt) Read more at nytimes.com ...
The article later mentions that the top 1% will have to pay capital gains yearly on unrealized gains, a proposal of Senator Wyden previously dissected here: https://www.freerepublic.com/focus/f-news/3739285/posts .
State and local governments will be taxed $6.1 trillion! Many of them are already bankrupt if you consider their pension liabilities.
The wealth tax rate on billionaires is now 6% instead of 3%. It's unconstitutional.
There is an $800 billion dollar tax on stock trades.
2+2=5
Future obligations are in the mega-trillions. Nobody wants to talk about it.
Remember a few decades ago all the talk about third rail of politics. Back then it meant don't venture to cut liabilities, protect senior citizens, etc.
Now, of course, senior citizen issues are off the table (left doesn't need their votes anymore), and they figure their new base is too dumb to think ahead.
All I have to know about socialized medicine is that hospitals end up becoming union shops (as opposed to delivering good and decent care to patients in a timely manner) and also that the politicians and their friends who lecture to us about the “good” of such a program will always be able to make use of exclusive, very expensive private facilities if they need health care.
“Income tax collections would increase, since workers would no longer pay part of their salaries for insurance premiums, which are not taxed now. ($1.4 trillion)”
Ah! Ok! So crazy it might work!
/s
What will unions say to that?
>>Now, of course, senior citizen issues are off the table (left doesn’t need their votes anymore), and they figure their new base is too dumb to think ahead.<<
Given the reaction to bernie, fauxagauntus, occasional-cortes, the brother-humper and the whore I would say “they” are completely correct.
Either magical thinking or rationing
Warren believes a government system will be able to reduce spending on drugs substantially, including lowering the prices of branded prescription drugs by 70 percent. ($1.7 trillion)
Price controls. Pass laws the permits government to set the prices of goods produced by the private sector. This always leads to shortages of the controlled goods
The Urban Institute estimated that Medicare would devote about 6 percent of its health budget on administrators to decide what and how Medicare would pay for things, and to prevent fraud. In Ms. Warren’s plan, that rate is 2.3 percent. ($1.8 trillion)
Medicare and Medicaid are already being consumed by fraud. Imagine how much fraud will grow once there is little being done to stop it.
It seems Warren’s plan is to try lots of ideas that have already failed.
Oh, this’ll have pharma very excited about investing billions in drug development & increasing quality.
The medical products industry is all volunteer and produce products at no cost and employees will continue to focus on quality on minimum wages.
the left can’t understand math....
just look at how many things they think are equal, that just aren’t.
Average yearly income, divided by fair share, - illegal immigrants, = free healthcare.
It’s only money.
NOPE
SOCIALIZED MEDICINE: =
(EGALITARIANISM + medical price & wage controls + government bureaucratization & regulations + force/aggression/power) which causes:
-decreased apparent prices for medical services & decreased apparent cost to the individual patient for medical services
-increased aggregate demand for and consumption of medical services by individuals (due to decreased prices and decreased costs to the individual)
-constant and continuous tendency to increase total costs of the system as a whole, causing excessive costs (due to increases in demand and consumption by individuals, and the abolition of causality in the spending of income, which leads to the abolition of the need to worry about cost when spending income, when cost is collectivized)
There is no reason to argue the merits of Medicare For All.
The very concept is fallacious.
The fallacy is the assumption that there will be doctors and nurses to provide the services that Medicare is supposed to pay.
The argument should not be over money but medical service. Will there be any doctor to visit when there is compulsory payment?
All that is needed to defeat her candidacy is testimony of thousands of medical professionals from Physicians down to orderlies that they will find other jobs.
She HATES PEOPLE!
THEY'RE BAD FOR THE PLANET!!!
Predictable outcome: health care rationing and death panels.
The concept on which Medicare is built is that you pay into it all your working life so you have some insurance in old age. This plan doesn’t do that.
So White Men will be the ones to pay for it.
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