Moving to government run Medicare for All would completely eliminate the private health insurance industry. It would wipe out hundreds of BILLIONS in market value, cut approximately 2 MILLION jobs and devastate the commercial real estate market.
15 replies (most recent on top)
@cv You really need to get out of your bubble. My wife is from Sweden and the Swedes would never give up their universal healthcare system. It certainly hasn't "ended" Sweden or the many other countries that have it.
@ef this is the right answer. We live the shortest out of all countries but spend on average 10k a year pp out of pocket for healthcare while countries with universal spend less than 4k out of pocket, AND they have higher life expectancy. Oh and they don’t have to worry about going broke when diagnosed.
I just did an entire research project on UK healthcare (NHS) vs USA and had to interview folks. Emergent care isn’t pushed, elective is. They hate the idea of moving into private medical insurance. Why is that?
Thanks for the post, very good point. I wanna also add that a big part of the increased life expectancy of these other countries could also be overall better lifestyle like diet and physical activity, unlike here. So it could be due to both. Either way we are not doing a good job here as a country/culture.
@ey This is a great time to remind everyone that the US government is the largest payer in the world. That's Medicare. So you just don't know wtf you are talking about.
@ct People are fighting to get in with their doctors under the US system, too. My mother’s heart procedure was pushed back multiple times, finally received it after a year. Only one hospital system in her area accepts her insurance.
It works better for people in high density areas with access to lots of providers. Which isn’t most of the country outside of the coastal areas.
It's not like the government has a claims processing system ready to go. They would need the best and most knowledgeable of you to design, build, run and maintain it.
The idea that universal healthcare would "end us all" is completely disconnected from reality. Every single high-income nation on Earth besides the US provides universal healthcare, spends about half as much per person, and their citizens literally live longer.
If government involvement ki-led people or ruined care, the US would lead the world in life expectancy. Instead, Americans live around 79 years, while people in countries with government-backed systems consistently live 3 to 6 years longer:
Japan: 85 years
South Korea: 84 years
Switzerland: 84 years
Australia: 84 years
Spain: 84 years
Norway: 83 years
Canada: 83 years
UK: 81 years
Gov healthcare would end us all. Especially those looking for real care
@OP laughing at OP who thinks government will have our best interest when we are a capitalist country. The best country in the world. Lol. Go sacrifice your life in CUBA or even a less tyrannical government. Corruption is abundant and workers will fraud you and take your sh-t. . Visit any country outside of yours they wait. . Even in Canada you have to FIGHT for a spot to visit the dr. Not even remotely close to USA care
Yall spoiled and need a listen here moment. Signed, a world traveler.
Why not just cap each CPT code or main dr-g ingredient so that it cannot exceed a certain price?
This dude is missing the point. India or not, health insurers still contract with the government and will have a piece of the pie. I dont give a S about cigna, any job with any insurer or anything. We dont need bigger government reaching their arms around us and patting our diapers. There are other answers. Keep crying and su-king on your government given bottle.
@OP Cool. You would rather see people bankrupt and poor when they get sick. So you can keep your current job and let the C-suite rake in millions.
You do realize the sick could not end up and bankrupt and poor and you have a different job, right? Or are you literally that uncreative that this is all you can do?
Good! Most of those two million jobs are outsourced to India. Taxes would go up but what is taken out of your check to cover healthcare? That would go away, so would paying up to your 5K deductible before coinsurance kicks in.
Would also raise our taxes, create more fraud and lesser quality care with longer wait times.
That's a huge exaggeration. Real health insurance employment is around 500,000, not 2 million, and M4A plans include a multi-year transition instead of wiping jobs overnight. Private insurers don't disappear either; they still cover supplemental plans and government contracts like in Canada. Plus, dropping health premium costs off business owners frees up billions to actually boost wages and grow the economy.