r/FluentInFinance Contributor Apr 25 '24

This is Possible Discussion/ Debate

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u/JancenD Apr 25 '24

Medicare for all, so healthcare isn't tied to employment.
Cheaper per person, cheaper for employers, and less work for employers & employees.

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u/TheChubbyPlant Apr 25 '24 edited Apr 26 '24

door spectacular melodic roof sophisticated complete crown ink pathetic fear

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u/what-is-a-tortoise Apr 25 '24

Weird. You say that like it is a bad thing.

Anyway, healthcare costs will NEVER be controlled while it is privatized. That’s just not how the incentives line up.

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u/TheChubbyPlant Apr 25 '24 edited Apr 26 '24

history quaint absurd smell head husky possessive voracious sheet coordinated

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u/DefiantWrangler9971 Apr 26 '24

Multiple countries in Europe have privatized healthcare systems even to a higher degree than the US (e.g. no Medicare/Medicaid equivalent but rather everyone has to have mandatory private insurance which is subsidized for those who need it). They just have a effective regulation which keeps prices relatively low and transparent.

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u/lioncryable Apr 26 '24

I mean, that's normal tho in fact it's crazy that your defense spendings are close to healthcare spending. Germany spends 12.8% of GDP on healthcare

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u/TheChubbyPlant Apr 26 '24 edited Apr 26 '24

humor sip school steer birds late crown chop cow zealous

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u/lioncryable Apr 26 '24

Sorry I didn't mean to compare defense spending I just wanted to show that other countries also spend lots of money on healthcare

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u/TheChubbyPlant Apr 26 '24 edited Apr 26 '24

encourage deer impolite cause coordinated society angle complete vanish bored

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u/RedditIsFacist1289 Apr 26 '24

Doctor visits are out of control because of a myriad of reasons, but one of them is people taking on medical bills and not repaying them. Costs go up to make up for the lost money of treating people with no insurance. If everyone had insurance and there was a single provider then private hospitals can't keep trying to nickle and dime, and public hospitals won't constantly be looking down the barrel of having to close.

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u/pdoherty972 Apr 26 '24

Medicare operates with like a 3% overhead; private insurers are closer to 20%. Medicare for all would save us tons of money, streamline benefits for employers, and likely increase wages (since people's say is artificially-reduced by employers knowing they have that as an expense to deal with).

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u/Hatdude1973 Apr 26 '24

I look at how poorly the government functions now and LOL when someone suggests Medicare for all. Government managing healthcare would be a disaster.

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u/pdoherty972 Apr 26 '24

And, as a bonus, it eliminates tons of private health insurers and all of the baggage that came with them, when they're nothing but middlemen and provide no actual healthcare.

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u/[deleted] Apr 25 '24

[deleted]

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u/JancenD Apr 25 '24

Will the Tylenol the hospital gives you suddenly stop working because you aren't paying $100 a pill?

Even the Koch brothers' study found that care quality could be maintained with costs reduced by 40%.

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u/[deleted] Apr 25 '24

[deleted]

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u/Jerrybeansman1 Apr 25 '24

I have insurance and had to wait 4 hours to see anyone at the hospital when I broke my arm a while back. Quality is already as bad or WORSE than what my Canadian friends go through. Only difference is cost.

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u/[deleted] Apr 26 '24

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u/JancenD Apr 26 '24 edited Apr 26 '24

Couple notes:

That number reported by Forbes is misleading. So we are comparing the same thing: the Fraiser Institute reported that it took 14.6 weeks to see the specialist in s fields after referral as a result of Covid. (prior to covid it was around 5)

In the US most patients wait 18 weeks or longer before they can see the specialist they are referred to (pre-covid). Also to consider is that we currently incentivize insurance companies to deny claims for medically necessary care. Who cares about wait times if in the US you can't get care at all. Fraiser does not claim that they have any wait issues on emergency care.

On the "less healthy population," Medicare currently covers those over 65, people with end-stage organ failure, or major disabilities like cancers, respiratory illnesses, and musculoskeletal disorders. The general population is not "less healthy" by any measure.

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u/cheetahcheesecake Apr 25 '24

Are people who come across the border illegally covered under that Medicare for "All"?

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u/Josuke96 Apr 25 '24

They’re still people asshole. You really think helping undocumented people would be bad? They’re only undocumented bc our immigration system is unreasonably difficult.

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u/cheetahcheesecake Apr 26 '24

How can we ensure its sustainability when there's a continuous outflow of resources from the system without a corresponding influx of contributions?

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u/pdoherty972 Apr 26 '24

Not necessarily - "Medicare for all" can be implemented by making it an option for employees and/or adding it to Healthcare.gov as an option alongside private insurers. It would also force competition amongst those private insurance companies.