Elizabeth Warren Says ‘Cost’ Of Medicare For All Could Be 2 Million Lost Jobs

Warren and most Democrats and Republicans have missed this by a mile. Job losses under "Medicare for all" will be minimal. The two private health insurers with whom I am familiar (very large, national companies - no names please) are already running medicare in their region. They distribute Medicare money they receive from the government and redistribute it at a fixed profit established by the government. It is a sizable hunk of change.

Oligopoly, it's a nice word isn't it. What these "redistributers" have done as round up and either buy or control all the Hospitals, clinics, doctors nurses, practices, and medical equipment manufacturers in their region, and put them under their control. Then they offer "Medicare Advantage" plans to seniors with some nice extras. Laid off Medicare administrators will just move into the private sector and become Insurance company redistributors. All that is now running in the private sector.

Prescription costs? Can't negotiate price with big pharma (thanks to Republicans)? Well Wal*Mart can. So can Walgreens, Right Aid, Costco, Target, and a few others that operate buying syndicates for their customers. Get one of their free prescription cards and watch your prescriptions costs drop as much as 80%. It is now a competitive market.

I'm an unapologetic fan of large corporations because they have the will and desire to do this kind of opportunistic stuff and still make a tidy profit for shareholders. I believe this is where we are headed.

 

How can foreign nationals access someone else's healthcare system? They can't in my country.

 

That's not at ALL how public health works.

 

What would you recommend?
I am genuinely interested in being more educated on the subject.

 

Thank you. This is actually how it works. Everyone has a card.

We do treat non-card holders (ie, non-citizens) obviously, but they must pay in full.

 

Just adopt the same system which has been working perfectly well in most of the First World for decades. Alternative (Govt) payer, private practitioners.

PS: yes we do also have public hospitals, but then so you do you guys. effectively, nothing changes.

 

You are being obtuse and I didn't mischaracterize anything .. I said what I would do - not what Warren or some other left wing nut wants to do. What part of only in extreme cases (as we do now and every other nation does) did you not understand .. and this would not cost 1 Billion - never mind hundreds of Billions per year.

Why did you suddenly go into la la land ?

 

"Elizabeth Warren Says ‘Cost’ Of Medicare For All Could Be 2 Million Lost Jobs"

probably true, hospitals would not need as many people to work insurance claims and insurers would not need all those people that try to deny claims

could that be why healthcare is so exspensive?

 

One last time then im moving on and we will have to agree to disagree

A minimum of 2 million put out of work, other estimates say over 3 million, most of those unemployed cant replace those jobs. Now lets take investors that overnight lose their investments in all things Medical that are private owned, insurance companies, clinics. testing facilities.

Illegal immigrants, there are estimated 20,000,000 illegals and refugee non citizens in this country and more pour in everyday because democrats refuse to do anything to curb it. Now heres where you have to pay attention ok. If socialized healthcare costs the govt 10,000 a year average for CITIZENS, then it will cost the same for illegals, now just do the math, 20,000,000 times 10,000.

The VA proves govt run anything is a mess that is much less quality health care. Every Presdent since Reagan has promised to fix the VA, some have honestly tried, by placing in competent leaders and throwing BILLIONS into it and they have all failed and the reason they failed is systemic, you cant fix a system that has no reason to be good at what they do. There is no competition nothing to make them strive to be good at what they do, to make a living. The same measely paycheck will be there in the same amount, no matter if patients dies, no one is healed, the place is clean etc etc.
You glossed over that drs in the va make 165,000 to 300,000 and you have to be a surgeon to get near 300,000. Surgeons make in the millions in private practice and none would be in private practice for 300,000, my podiatrist whos a personal friend makes 450,000 a year and doesnt do surgery, just office procedures.

Medicare for all will ruin the quality of healthcare for most americans to cover democrat voters and illegal immigrants that dont want to work and have no drive to want to take care of themselves.

 

Thats the point, Elizabeth Warren and the very disgusting Bernie Sanders will cover every illegal immigrant that can run over the border on american workers backs.
The cost of that is phenomenal and they want to tax American Citizens to pay for anyone anywhere that can run over the border.

They want american workers to give drug dealers that some make in the millions and pay NO TAXS free health care. Lol you gotta be kidding me. I worked all my life for my family not everyone elses.

 

Disagree about what ? - you keep claiming that I would like to give healthcare to immigrants - when this is not true.

You Medicare will ruin the quality of healthcare for most Americans is false - and was covered previously in the conservative link given you.

 

Sen. Elizabeth Warren on Friday came out with her long awaited plan to "pay for" the “Medicare for all” proposal she supports. But it is not actually a serious proposal to solve problems that have vexed health economists for decades. It is, instead, a complete joke. She may as well have said Mexico is going to pay for it.

Going through the plan this morning, these three areas particularly strike me as laughable.


Warren comes up about $14 trillion short. Warren proposes a blizzard of tax hikes -- on payrolls, financial transactions, corporations, and the wealthy -- and promises to save money by combating tax fraud. These add up to about $20 trillion. So even if they raise all of the money she claims (doubtful), she would still be left with a huge gap relative to the $34 trillion cost of a program as generous as what she’s proposing, according to an estimate from the liberal Urban Institute.


She lies about middle class tax increases


Over $7 trillion in phantom savings
Yet the Urban Institute looked at a plan along the lines of what she is proposing, considered potential savings from administration, and found it would raise national health spending by $7 trillion to $59 trillion. As their analysis concluded, “by our estimates, the increase in spending for people with this new generous coverage would outweigh the savings from lower prices for health care providers and lower administrative costs.


$2.3 trillion in magic revenue from combating tax fraud.


Miraculously claims to cut doctors’ pay without cutting doctors’ pay:
So there you have it -- Warren came up with a magic way to cut doctors’ pay without cutting doctors’ pay that no health economist has previously thought of! …..snip~


https://www.washingtonexaminer.com/o...dicare-for-all


Already caught up in lies and debunked by the Urban Institute. That would be the Liberal Urban Institute leftists.

 

It baffles the mind why any presidential candidate would make such outlandish promises they know they can't keep. No congress, not even one dominated by socialists is going to approve spending, ever.

 

That's not how supply and demand works. That's not how any of it works.

Households supply resources to firms. Firms supply products to households. If you reduce household resource supply by say eliminating an entire field of occupation, you reduce the firm's access to the resources needed to produce products. If the demand for the product remains the same, then that must INCREASE the cost of the products they supply because there's fewer of them.

Dems crushed the coal industry and then told all the displaced labor to "learn to code." Now they want to crush the insurance industry and tell the displaced labor, "learn to doctor." Well, labor isn't that elastic. Insurance actuaries aren't going to become knee surgeons, but they will demand greater access to knee surgeries because that's the promise inherent to the reasons why they lost their jobs in the first place. That means fewer resources available to produce new knee surgeons, because those laid off actuaries sure as heck aren't putting their children through medical school, and a greater number of people demanding knee surgeries. That makes the price go up, not down.

 

I agree we need to promote people entering the medical field through education grants in exchange for lower wages or other contributions. What other ideas do you have to lower costs so we are more in line with the rest of the world and to eliminate our uninsured issues?

 

No one cared when millions of middle class folks lost their jobs first to Mexicans then to communist Chinese so our elites could get even richer.

Some of the same people who didn't care about factory workers will really care about the lower level indian workers who took American insurance workers jobs.

Personally I doubt single payer ever happens even if most wantmMedicare

The big money calls the shots,just wait and see.

People need to read the Princeton Study . The dems would not add the option of single payer when they passed obamacare .

It will take electing a single payer dem to the oval office before dems and independents understand the republic is dead. Princeton evidenced that fact using 2 decades of congressional record for god's sake!

 

This really is a basic intelligence test...

Elizabeth Warren says she would not raise middle-class taxes for $52 trillion health-care plan
https://www.cnbc.com/2019/11/01/elizabeth-warren-releases-plan-to-pay-for-medicare-for-all.html

 

I don't know if it's been posted yet, but her plan has a price tag of $52 trillion. Released today.

 

She coming down:

THE DEMOCRATS IN 2020: BAN ALL THE THINGS, SPEND ALL THE MONEY! Elizabeth Warren: How does $20.5 trillion in new spending for Medicare for All — plus amnesty for illegals — sound?

 

I never cared that uneducated union auto assembly line workers were making $160,000 a year + benefits. That's the way it is though. Life's a bitch.

Maybe you will win the lottery and give millions away to the poor.

 

I dont disagree with you

 

Gel that is what she said plus a cost of 33trillon. What idiot would vote for her?
I really want to know.

 

You don't buy a car with car insurance. You don't buy healthcare with health insurance. People know the price of things they buy with their own money. The price of those things come down over time as firms compete for that money. At the same time the quality of the products people buy with their own money goes up.

Very few people in America know what health care costs and even fewer people know how to judge the quality of that care.

First step: Decouple the idea that insurance is the way to pay for care. It's not. Insurance is a way to defer risk.

Second step: realize that in all market systems there is always the potential for unlimited demand, but there is never the potential for unlimited supply. When a product is perceived to be free, especially a product in high demand, it is impossible to sustain the supply.

Third step: realize that no universal system can accommodate every need of everyone. Top down systems tend to be the least accommodating. They take a low resolution measurement of everyone's needs, create a statistical person, and provide for the statistical person's needs. The only thing worse than an actuarial statistic is a government statistic.

 

I’m still trying to find the Constitutional power granted to the federal government to give away free stuff (most adults understand nothing is “free”). More specifically, when was the first example of this in our history, where the federal government collects from one taxpayer and gives it to another?

 

Its all terrible.

They don't care.