20 leading economists just signed a letter arguing Medicare for All would generate massive savings

[Cimorene]

Many of the ppl who are opposed to Medicare for All are Boomers who are on Medicare so I'm posting this for Zoomers to talk about it.

20 leading economists just signed a letter arguing Medicare for All would generate massive savings for American families

Twenty of the nation's leading economists argued in favor of Medicare for All in an open letter that Business Insider first published on Tuesday.

They argue that existing research suggests there would be massive savings and it would reduce waste in healthcare.

"There's been too much loose talk that Medicare for All is unaffordable. What's really unaffordable is the current system," signatory Gerald Friedman said in an interview.

Twenty of the nation's leading economists argued in support of Medicare for All in an open letter first published by Business Insider on Tuesday.

"We believe the available research supports the conclusion that a program of Medicare for All (M4A) could be considerably less expensive than the current system, reducing waste and profiteering inherent in the current system, and could be financed in a way to ensure significant financial savings for the vast majority of American households," the economists wrote in the open letter.
"Most important, Medicare for All will reduce morbidity and save tens of thousands of lives each year," the group of economists said.

Please don't post here if you're not a Zoomer (born during / after 99).

 

[dqhall]

Many of the ppl who are opposed to Medicare for All are Boomers who are on Medicare so I'm posting this for Zoomers to talk about it.

20 leading economists just signed a letter arguing Medicare for All would generate massive savings for American families

Twenty of the nation's leading economists argued in favor of Medicare for All in an open letter that Business Insider first published on Tuesday.

They argue that existing research suggests there would be massive savings and it would reduce waste in healthcare.

"There's been too much loose talk that Medicare for All is unaffordable. What's really unaffordable is the current system," signatory Gerald Friedman said in an interview.

Twenty of the nation's leading economists argued in support of Medicare for All in an open letter first published by Business Insider on Tuesday.



Please don't post here if you're not a Zoomer (born during / after 99).

Trump is talking huge tax cuts. The government risks inflation as it is.

 

[Cimorene]

Trump is talking huge tax cuts. The government risks inflation as it is.

This is true.

Be careful though bc this section is age restricted. I was hoping that Zoomers could talk about it bc we're the ones with the most time between now & being old enough to qualify for Medicare.

But pls feel free to use my link to make a thread in an all-access area about this. That would be cool actually.

 

[Zoii]

The USA has a peculiar system. It is based on the premise that the provision of health care is not an equal right. Health is a business with an objective of generating wealth. The more you can afford to pay for services, the better your health outcome.

Because wealth is an objective, the health industry and insurance companies resist moves that impact on wealth. Concepts such as provision of universal health, ensure the poorest receive the same care as the wealthy. Clearly this will impact on wealth generation.

A wealth objective also shifts the provision of health care to secondary and tertiary care. Hospital care is very expensive in the USA and that is where the weight of the US health care dollar is placed. There is a low incentive to invest in primary care. Preventing a disease just doesn't generate the same wealth as treating the disease. It is one reason why obesity and its co-morbidities is rampant in a nation with such wealth.

At a lecture I attended, a speaker from the US said that 80% of the US health dollar, was spent on the last six months of someone's life. While provisions of preventative disease management, received little. This impacted on programs such as immunisation, with the poorest having limited access. Access to medicines also impacted on the poor, which ultimately reduces their capacity to work and be productive.

 

[St. Helens]

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