Here’s how ‘Medicare for All’ would affect every part of the $3.5 trillion US healthcare system

August 13, 2019

bernie sanders medicare for all

“Medicare for All” sound like a simple idea: Everyone in the US would receive comprehensive healthcare coverage from the government.
The reality of implementing that idea is far more complex. It would represent the biggest reshaping of the $3.5 trillion US healthcare system in more than half a century.
Though some specifics are missing on how Medicare for All would likely work, we can start gauging the effects some of the proposals could have on insurers, drug companies, employers, patients, providers and hospitals.
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“Medicare for All” sound like a simple idea: Everyone in the US would receive comprehensive healthcare coverage from the government.

But the reality of implementing that idea, which has become a major focus of debate among the contenders to be the 2020 Democratic presidential candidate, is far more complex. It would represent the biggest reshaping of the $3.5 trillion US healthcare system in more than half a century.

The 2020 Democratic candidates for president all agree on creating a more robust healthcare safety net, but they disagree on how to do it. Those on the party’s left wing like Sen. Bernie Sanders and Sen. Elizabeth Warren envision a government-run insurance system where Americans get relatively comprehensive coverage, leaving little role for private insurance.

More moderate candidates like Beto O’Rourke and Joe Biden would preserve the current system, while expanding the availability of government-run public options and injecting more federal subsidies into the exchanges set up under the Affordable Care Act.

Candidates have proposed incremental or sweeping healthcare reform plans, but Sanders’ Medicare for All bill is the one that’s furthest along. Sanders has authored a bill which has 14 co-sponsors in the Senate, including fellow 2020 candidates Warren, Sen. Kamala Harris, Sen.

Source:: Business Insider

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