Mercatus Study Finds 'Medicare for All' Saves $2 Trillion over 10 years!

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DEAD7

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There is no reason what so ever to support Sanders with every other candidate pushing M4A and a living wage...
Unless you like elderly leaders:ehh:
 

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I wouldn't mind a UK style NHS in that case :leon:
I haven't studied international health delivery systems in a minute, but i remember i was listening to a dope segment of citations needed ( @ineedsleep212 ) where they talked about how even with all countries that have large single payer systems, a common misconception is that there isn't a private option available. Buy in from wealthy people will never be feasible, if they have to wait lines like everyone else.

With that said, @DEAD7 does have a concerning point, when you consider how poorly ran and under funded certain government institutions are. Their budgets will also be subject to tampering, due to changing administrations.

The problem with government run programs is that they lack the proper vision, implementation and foundation for sustainability.

Basically even though theoretically I'd love to see a single payer system, the people running our government are still incompetent and amoral individuals, whom have no problem diverting funds.
 
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ineedsleep212

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There is no reason what so ever to support Sanders with every other candidate pushing M4A and a living wage...
Unless you like elderly leaders:ehh:
Yea cuz all of those other candidates haven't already back tracked and haven't been talking about multiple ways to do this, that and the third? Even Warren is squishy on M4A.
 

ineedsleep212

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More like he's pushing to get Medicare for All to really address the real issue. A bunch of Democratic party institutions are already trying to back away from actually fixing this bullshyt system we have, but I'm :snooze:


 

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"Living in hospital" - you mean preventive medicine, the one that gives better results and costs less?

The system in Europe self-regulates the number of visits on the bases of severity and necessity.
Non-urgent visits and preventive visits may require more time (so this limits your speculated frequency!) , but you want it because you know that for an urgent visit you will have the priority too.


No data exists that supports what you're stating, most people under the age of 50 don't go in preventive (except kids), they go in when they are sick unless there's incentive . Older people go in and are predominately the users of routine checkups .

Europe is a whole continent speak specifics cuz everyone has a differences, what country are you saying "self regulates "
 

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@Perfectson it's not too late to use the "it would raise taxes" excuse

or how about the "M4A isnt meant for a country this size" excuse

or maybe u wanna go with the "those other nations are more homogenized than the US" excuse

:snoop: u clown


Is this a new debate style, take all the facts and then try to belittle them by being condescending and using emoji

I haven't even said any of those things, I'm speaking about actuarial science, which are the only certified people who can talk about medical insurance and data . Not gonna listen to a 79 year old politician over someone trained and credentialed in the actual field .

Bernie could say we can live on mercury and 75% of you morons would parrot that, meanwhile an actual Nasa scientist could say it's impossible and you would call him a republican hack. It's disgraceful
 

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This is disingenuous she talks about medicare administration waste but did not allocate all the beuracrats salaries and cost . Also Medicare is on the verge of bankruptcy in a few years and that's just covering seniors

She also cites PMI Admin costs to be 20%

It's hilarious and bullshyt , per CMS regulatory filings Admin costs are under 10%. If they were at 20% insurers would make no money because the cost of a claims is usually about 60-79% of premiums, plus you have commissions , taxes, etc etc .

That zen music was great too, made it easier for the general public to feel at ease digesting her bullshyt
 

FAH1223

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This is disingenuous she talks about medicare administration waste but did not allocate all the beuracrats salaries and cost . Also Medicare is on the verge of bankruptcy in a few years and that's just covering seniors

She also cites PMI Admin costs to be 20%

It's hilarious and bullshyt , per CMS regulatory filings Admin costs are under 10%. If they were at 20% insurers would make no money because the cost of a claims is usually about 60-79% of premiums, plus you have commissions , taxes, etc etc .

That zen music was great too, made it easier for the general public to feel at ease digesting her bullshyt

She may have exaggerated but her point is still true and her point about rising costs are also true and a free market system isn’t bringing down costs.


Overhead Costs for Private Health Insurance Keep Rising, Even as Costs Fall for Other Types of Insurance | CEPR Blog | CEPR

According to the Centers for Medicare & Medicaid Services, in 1970, overhead was just 9.0 percent of health insurance companies’ total expenses. Overhead peaked at 14.4 percent of total spending in 2003, but hasn’t come down dramatically since then. In recent years, health insurance companies have typically spent more than 12 percent of their budgets on overhead, over a third higher than the rate from 1970.

The same cannot be said of public health insurance programs such as Medicare, Medicaid, the Children’s Health Insurance Program, and the Veteran’s Health Administration. This is partially due to the fact that public programs aren’t trying to make profits, but this factor is usually overstated – in fact, the average profit margin for private health insurance companies is just 3.2 percent. A second aspect is the significantly higher marketing costs incurred by insurance companies. Finally, before Obamacare went into effect, a third factor was screening: insurance companies spent large sums vetting insurance applicants to determine if they should be covered, while public programs accepted all eligible applicants regardless of their health status. (Obamacare banned insurance companies from denying insurance to children with pre-existing conditions beginning September 2010 and extended this provision to the entire population in 2014.) The figure below shows that overhead costs under different types of private health insurance plans – employer-based plans, individual plans, and the private insurance aspect of Medicare – are much greater than overhead costs under the public part of Medicare.

buffie-overhead-2017-02-03.png
 

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More like he's pushing to get Medicare for All to really address the real issue. A bunch of Democratic party institutions are already trying to back away from actually fixing this bullshyt system we have, but I'm :snooze:




This is true but Bernie is appearing rigid especially because he got the ACA amended to include funding for community health centers which helped 10M more people get access.

He’s running for President a second time and he’s still operating as a 2016 underdog.
 

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I haven't studied international health delivery systems in a minute, but i remember i was listening to a dope segment of citations needed ( @ineedsleep212 ) where they talked about how even with all countries that have large single payer systems, a common misconception is that there isn't a private option available. Buy in from wealthy people will never be feasible, if they have to wait lines like everyone else.

With that said, @DEAD7 does have a concerning point, when you consider how poorly ran and under funded certain government institutions are. Their budgets will also be subject to tampering, due to changing administrations.

The problem with government run programs is that they lack the proper vision, implementation and foundation for sustainability.

Basically even though theoretically I'd love to see a single payer system, the people running our government are still incompetent and amoral individuals, whom have no problem diverting funds.

While you’re right, the answer is that the UK’s NHS is still popular and beloved despite the Conservative Party’s death by a thousand cuts approach. But they know they can’t get rid of it or they will be electorally irrelevant.

The GOP can’t even get rid of Obamacare and they controlled all 3 branches for 2 years. They aren’t even trying to touch Medicare except Trump’s stupid self with his proposed budget which has no chance if passing.
 

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While you’re right, the answer is that the UK’s NHS is still popular and beloved despite the Conservative Party’s death by a thousand cuts approach. But they know they can’t get rid of it or they will be electorally irrelevant.

The GOP can’t even get rid of Obamacare and they controlled all 3 branches for 2 years. They aren’t even trying to touch Medicare except Trump’s stupid self with his proposed budget which has no chance if passing.
Point taken, there's a reason why Medicare / SS is seen as the third rail of politics. Senior citizens who vote, would uproot a candidate overnight.
 

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She may have exaggerated but her point is still true and her point about rising costs are also true and a free market system isn’t bringing down costs.


Overhead Costs for Private Health Insurance Keep Rising, Even as Costs Fall for Other Types of Insurance | CEPR Blog | CEPR

According to the Centers for Medicare & Medicaid Services, in 1970, overhead was just 9.0 percent of health insurance companies’ total expenses. Overhead peaked at 14.4 percent of total spending in 2003, but hasn’t come down dramatically since then. In recent years, health insurance companies have typically spent more than 12 percent of their budgets on overhead, over a third higher than the rate from 1970.

The same cannot be said of public health insurance programs such as Medicare, Medicaid, the Children’s Health Insurance Program, and the Veteran’s Health Administration. This is partially due to the fact that public programs aren’t trying to make profits, but this factor is usually overstated – in fact, the average profit margin for private health insurance companies is just 3.2 percent. A second aspect is the significantly higher marketing costs incurred by insurance companies. Finally, before Obamacare went into effect, a third factor was screening: insurance companies spent large sums vetting insurance applicants to determine if they should be covered, while public programs accepted all eligible applicants regardless of their health status. (Obamacare banned insurance companies from denying insurance to children with pre-existing conditions beginning September 2010 and extended this provision to the entire population in 2014.) The figure below shows that overhead costs under different types of private health insurance plans – employer-based plans, individual plans, and the private insurance aspect of Medicare – are much greater than overhead costs under the public part of Medicare.

buffie-overhead-2017-02-03.png


I doubt public medicare is 1.8% expenses and if it is , it's because they aren't doing a great job analyzing and tracking data, no technology, and no quality assurance, and funding is coming from other areas and they aren't counting it under medicare costs.

Also the stuff that PMI invests in, tries to bring value to the customers. Can you login to medicare and submit bills, get healthy options and notes, etc etc that PMI offers. Is there a medicare mobile app ?

Btw, I'm not against health insurance for all, but there needs to be some onus in the individual and subsidize with government. You have to hold people accountable. You want to smoke, why should I have to pay higher taxes because you want to put yourself at higher risk for lung diseases. Let's make common sense decisions.

We all agree medical costs are escalating, so subsidize or remove free market from Pharms (horrible idea ) or cap physicians pays and remove malpractice cases except for extreme negligence
 
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