Maxim: Medicare for All is too costly only for those who think paying twice as much to an insurance company is cheaper.
Purpose: To rebut those who claim that Medicare for All is a government “entitlement” we can’t afford by pointing out that, on net, people will save money.
Substitutions: For “Medicare for All,” may substitute “Universal Healthcare.” For “paying twice as much to an insurance company is cheaper,” may substitute “paying half as much to a single payer system is more expensive.”
Explained: Medicare for All will not be done solely with existing tax revenues. It will involve some sort of new surcharge or tax. That surcharge will replace health insurance premiums which people now pay. Studies repeatedly show that insurance administration fees, pharmaceutical prices, and other expenses are much higher in the U.S. than in other countries, while delivering inferior medical treatment. Countries with universal healthcare are better able to control costs by cutting out insurance company “middle man” profits. Additionally, by having more control over their medical delivery network, other countries have more negotiation leverage with pharmaceutical companies and are better able to prevent price gouging by medical providers.