General Discussion
In reply to the discussion: ... Wait for the Medicare For All bill to be analyzed by a respected and independent think tank [View all]JCanete
(5,272 posts)Last edited Sat Sep 16, 2017, 01:21 PM - Edit history (2)
lot of money to give the people what they should have at the expense of the only people who have all that money? I certainly don't and that shouldn't be a consideration, so long as it isn't too unreasonable, and I have to say, I have a high tolerance for what is reasonable in this regard.
Second, when they talk about what this will cost the government, do they bother to talk about the fact that some of this money will come out of the pockets of businesses and individuals who will no longer have to foot the bill for the insurance they pay for on the market, since this theoretically replaces that? Edit: yes, I see the excerpt...so now we're talking about 6 trillion, not the far far bigger number.
Restructuring costs all go back into the economy, new positions emerge, new expertise is needed, and whether those jobs be private sector, or government, that generates tax revenue. It doesn't go into some black hole never to be seen again. Less of this money goes into a black hole never to be seen again. That is economic stimulation, and the beauty is that the more of that there is, the more money goes back to the government. And given that this should save people money compared to the skyrocketing costs of healthcare in our current markets, (assuming we actually fund this in the right way), that is also more money that goes into the economy, at least theoretically, and not simply into a handful of wealthy shareholders pockets.
Is there anything in the study about the increased productivity that a healthy workforce provides,
or how about the cost decreases to patient treatment when preventative care becomes the norm over late term treatments and emergency room visits?
The study may have its merits, but these are all things that a robust study would have to incorporate to try to get a fuller sense of how medicare for all might impact the economy over all.