The more I hear about Medicare for All the more I hope it never sees the light of day. The first thing that pops out is the huge cost of
this plan which would put everyone in America on this plan while ending Medicare, Medicade, Obamacare, and employer provided insurance.
This bill, introduced in 2017, would cover all medical costs from
doctor visits to surgery including mental health, dental and vision.
All this with no cost to the individual except a co-pay on prescriptions capped at $200 per year and possibly long-term care. The
cost for all this?
Estimates sit at around $2.5 to 3.2 trillion per year. It would essentially be a single payer system. I don’t know about everyone else, but I liked the insurance we had before Obamacare. This sounds like Obamacare on steroids and I dread to think of all the hidden taxes that would be buried in the bill.
Senator Bernie Sanders, who came up with the idea, claims costs would drop due to the bargaining power of the power of the government. Of course Sanders does have some ideas for new taxes to help with the cost. He would raise taxes on income over $250,000 and reach its peak at 52% for those whose incomes are above $10 million while redirecting around $2 trillion in government spending to the program.
And all this at no cost to us. No premiums, one small co-pay, what a
deal. No thanks. We’re not happy where our tax rate is now and if this goes through it would probably double. There are no free lunches and
this plan would be as far from free as one could get.
Enjoy our Monday. Now for some coffee before going back outside to get some sanity back in my life.
Comments are always welcome.