Federal Government takeover of your health care and nationalization of 18% of the U.S. economy
- Government Bureaucrats will solely determine coverage levels
- 217 million Americans, or 67% of the population, will lose their private health insurance
- Elimination of Medicaid and Medicare as we know it (No word on the future status of the VA)
Cost: $4.1 trillion federal program in 2020 or $52 trillion over 10 years
- Total Federal Government spending was $4.1 trillion in 2018
- 4.2x larger than Social Security, 6.6x larger than Defense spending
- Covers illegal immigrants
- Oregon randomized 10,000 previously uninsured people into single-payer health insurance starting in 2008, the recipients’ annual health-care spending jumped 36% without any statistically significant improvements in health outcomes
Federal Government will solely determine coverage levels and reimbursement rates
- Which procedures and prescription drugs will be covered by medical insurance
- Who can receive care, when, and where
- How much money will my doctor or hospital be paid
- What are the deductibles, co-pays, or co-insurance for each medical service
What Medicare for All means for you?
- Delay or denial of care
- Decrease supply of medical services and increased aging of medical equipment and hospitals
- Deter innovation in medical services and prescription drugs
- Lower quality of care and customer service
- Further consolidation of health care industry (see defense industry)
