Elizabeth Warren releases her Medicare For All fan fiction.
She will hold down costs by paying current Medicare reimbursement rates, in a fantasy taken seriously by on one.
Would ‘Medicare for All’ Save Billions or Cost Billions?
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In our current system, doctors, hospitals and other health care providers are paid by a number of insurers, and those insurers all pay them slightly different prices. In general, private insurance pays medical providers more than Medicare does. Under a Medicare for all system, Medicare would pick up all the bills. Paying the same prices that Medicare pays now would mean an effective pay cut for medical providers who currently see a lot of patients with private insurance.
For a Medicare for all system to save money, it needs to reduce the health care industry’s income somewhat. But if rates are too low, hospitals already facing financial difficulties could be put out of business.
Medicare for All' backers find biggest foe in their own backyard
Hospitals threaten to derail big and small Democratic plans for coverage expansion.
On the revenue side Sen. Warren proposes a spate of new taxes and a level of IRS enforcement and taxpayer compliance that seems unprecedented (in a "Gee, how come nobody ever thought of THAT?" kind of way) - she hopes to raise compliance from 84% to 92%, which is great. Why not 95% like in the UK?
Left unmentioned: the rest of her plan includes having government office workers check under the cushions of every sofa in Federal offices for spare change. Another revenue source is money left by the Tooth Fairy.
This will work.
No it won't. Politico again with Obama alums rehashing their battle scars and guessing Warren has no chance with this.
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