RE: Alexandria Ocasio-Cortez Explains How America Can Afford A Single Payer Medicare For All Healthcare System
Like @cyberdemon531 said, our current private health insurance system currently costs Americans more than a single payer government health insurance system.
This has already mathematically been proven by economists in the USA and many other countries that already use single payer health insurance systems.
Yes, some people will pay more in taxes, but for the majority of Americans the increase in taxes will be less than what they are currently paying to private health insurance companies, and every single American will have health insurance coverage.
Currently in the USA Medicare overhead cost is only 1%, that means every dollar an American pays to fund Medicare health insurance only 1 penny goes to the American workers who make the system work, they collect the money and make payments to doctors/hospitals etc... Private health insurance overhead cost is currently 20%, that means every dollar an American pays to a private health insurance corporation 20 cents of that goes to the corporation, most of that money ends up in the pockets of CEOs and executives who run those corporations.
This is not some crazy out of the box idea, this is a proven system that works in many countries and benefits many people. The only reason it has not been implemented in America is because corporations run this country and politicians are their puppets...
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Yes, but the current private health insurance system we have today, will cost Americans $34 to $40 trillion dollars over 10 years, depending on which study you read. So Medicare for all is cheaper and it gives health insurance to every American.
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You are certainly free to get whatever health insurance coverage you want, but most people on medicare only have medicare coverage.
https://www.pbs.org/newshour/economy/should-i-keep-regular-health-insurance-if-im-enrolling-in-medicare
I am not saying Medicare in the USA is a perfect system, it can be improved, but it is much better and cheaper than any private health insurance system in the USA.
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