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Sorry--don't mean to inject some perspective into the discussion.
Just for reference, the US currently spends $3.8T on healthcare so this represents a $0.6T savings over current spending.
https://www.forbes.com/sites/danmunro/2014/02/02/annual-u-s-healthcare-spending-hits-3-8-trillion/#ab0198576a9c
Sorry--don't mean to inject some perspective into the discussion.
Nope--Sarah was wrong, of course
From 2014??
Really?
Isn't this 2018?
Ya really think that giving everyone FREE healthcare will come in below that number, when millions have high deductible plans now?
What "perspective" do you have that would allow you to trust the Government to run something bigger and more complex than the government programs they are running now into the ground?
I always say - "Once the Government can fix Medicare and the VA, only then can we begin discussions about the Government taking on more of our healthcare responsibilities".
Sen. Bernie Sanders' "Medicare for all" plan would increase government health care spending by $32.6 trillion over 10 years, according to a study by a university-based libertarian policy center.
That's trillion with a "T."
Every other government in the world has found a way to do it. Do you think Americans are dumber than citizens in every other 1st world county?
Those are basically the two most expensive groups in the US to provide health care. Let's compare apples to apples.
If the doctors don't like it, they can kiss the big furry gov ass, and go work in Cuba or something.
When Europe can cover it's defense commitments without the US for 10 years, than we can compare their systems with ours.
Funny - I was thinking the same thing. If an American living in one of the most prosperous and rich countries on earth doesn't have the wherewithal to take care of their own healthcare needs with all of the existing insurance and welfare programs - they can move to Cuba or something.
If an American living in one of the most prosperous and rich countries on earth doesn't have the wherewithal to take care of their own healthcare needs with all of the existing insurance and welfare programs - they can move to Cuba or something.
Great--let's keep wasting trillions of dollars/year.
"It's showing that if you are going to go in this direction, it's going to cost the federal government $2.5 trillion to $3 trillion a year in terms of spending,"
and we wonder why it costs so much to the average consumer
Who's we? The reasons are well documented.
https://www.pbs.org/newshour/health/why-does-healthcare-cost-so-much
IRT - comparing America to European countries, it is like comparing tiny White-bread Vermont to massively large and economically/ethnically diverse California with our massive illegal immigrant and poverty problem. Of course it is going to cost more per person in California (and America) than ethnically and economically homogeneous countries that don't have the same poverty and resultant health issues of a less educated population that we have in many parts of America.
Medicare for all is a bad idea because it doesn't eliminate the problems of fee for service, profits adding to the cost of every single thing in health care, the huge cost of managing billing (roughly 25% of every dollar at a hospital or doctors office), etc., etc.. Until the money stops going down those ratholes it doesn't matter who pays for it.
From the article:
"high prices are the main reason for high health care spending in the United States."
Makes sense to me. Now how can we lower the prices?
US healthcare is the most regulated industry in the country - and we wonder why it costs so much to the average consumer. I don't think the answer is to regulate it even more with a total government take over.
Who's we? The reasons are well documented.
https://www.pbs.org/newshour/health/why-does-healthcare-cost-so-much
This is someone that doesn't understand the basics
If anything, the $3.8T number is probably way too low.
"Medicare for all" provides a huge tool to limit costs: single payer sets the price.
I'll say it again: the government is a bigger cartel than the healthcare industry.
MrMagic says
So, Sarah Palin was right all along about Government run healthcare and Death Panels:
Nope--Sarah was wrong, of course. If you're looking to Palin for wisdom and education, then you're in deep trouble.
Every other government in the world has found a way to do it. Do you think Americans are dumber than citizens in every other 1st world county?
Ever watch people eat at a FREE buffet line?
Today doctors set the price as they see fit. In a single payer system, the government sets a reasonable price as they see fit.
Wow, finally waking up to Bernie's total delusions?
When you add in the 30 million uninsured, give FREE healthcare to all the people on Bronze plans, give FREE healthcare to everyone else who has other high deductible, high copay plans or limited doctors in network plans, the price will probably double that.
Ever watch people eat at a FREE buffet line?
Speaking of that great Socialist, single payer system Canada has, that the Democrats think we should copy......
The $3.8T number is what we pay NOW under the current system.
Can you please source one Dem who says we should copy Canada's system?
That's what I said, please pay attention. We pay more than Bernie's plan that now, with tons of treatment excluded (which I posted above), but some how you and Bernie think healthcare can be delivered for FREE to 320 million people for less money. Delusional much?
hat would be LeonDurham/Tatty/Joey
So NOW you're saying Canada's Socialist system of healthcare isn't good, once the FACTS prove Bernie wrong??
Man, some just can't keep their hyperbole straight.
I have a 78 year old client who lives in a 500/month apt, but goes to kidney dialysis 3 times per week for $3000 each visit, 100% paid for by medicaid.
You tell me who's getting rich here.
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That's trillion with a "T."
The latest plan from the Vermont independent would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis being released Monday by the Mercatus Center at George Mason University in Virginia.
Sanders' plan builds on Medicare, the popular insurance program for seniors. All U.S. residents would be covered with no copays and deductibles for medical services.
"Enacting something like 'Medicare for all' would be a transformative change in the size of the federal government," said Charles Blahous, the study's author.
Sanders' office has not done a cost analysis, a spokesman said. (Ahhhh, typical politician, promise something without having ANY clue of the costs)
Kenneth Thorpe, a health policy professor at Emory University in Atlanta, authored one of those studies and says the Mercatus analysis reinforces them.
"It's showing that if you are going to go in this direction, it's going to cost the federal government $2.5 trillion to $3 trillion a year in terms of spending," said Thorpe. "Even though people don't pay premiums, the tax increases are going to be enormous. There are going to be a lot of people who'll pay more in taxes than they save on premiums."
After taking into account current government health care financing, the study estimated that doubling all federal individual and corporate income taxes would not fully cover the additional costs. (Crap, there goes the narrative that you can just tax the "rich" to pay for it.......)
https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940