Presently in North Carolina, our organization is engaged in … Continue reading →
Letter: Medicare (for All) Spending (projections)
Regarding “How a libertarian analyst inadvertently made a good case for Bernie Sanders’ Medicare for All” (July 31): In the moral universe of libertarian thinkers like Charles Blahous, spending private money for goods and services is always better than spending public money. Yet publicly-funded Medicare is hugely more efficient than private insurance .
The Centers for Medicare and Medicaid Services reported that U.S. healthcare costs are growing at 5.5 percent a year. Sooner rather than later, we will be paying $4.2 trillion more than we are now. The real question is whether all of that extra cost goes toward keeping us healthy, or toward profit and compensation for over-paid executives.
Under Medicare for All, there will be no pre-existing condition exclusions, no premiums, and no deductibles or co-payments. Most Americans will pay less for health care that will be accessible to all. That’s the moral universe I prefer to live in.
