Study: Medicare for All Would Make Two-Thirds of Households Financially Worse Off

Dec 2014
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The Milky Way
Sort of what Øbamacare did.



It’s here, from the Heritage Foundation. The upshot is that while Medicare for All could be a financial boon to non-working Americans, including seniors who’d see their current Medicare premiums disappear, most of those who currently have jobs would lose more in tax hikes than they’d gain by not having to pay for health care. Nearly two-thirds of households, containing nearly three-quarters of the population, would end up with less disposable income.

The study is an interesting exercise, but it’s not hard to anticipate the response from the Left. Liberals’ preferred Medicare for All estimates tend to assume that a single-payer system could pay doctors and hospitals a lot less than private insurers do, and that you could get a long way toward funding Medicare for All by socking it to the rich. Heritage made some key assumptions cutting in the opposite direction, though Heritage’s assumptions are a good bit more plausible than the lefties’ are.

The study assumes no payment cuts for medical providers at all. As the authors spell out in Appendix B:

The House and Senate bills offer only broad guidelines for how federal officials are to set payments. Consequently, our analysis did not include any assumptions about changes to provider payment rates under the program. We instead assume that the program will reimburse providers at rates equivalent to the payer-weighted average rates that they currently receive.
In a footnote, they point out that an aggressive assumption about payment cuts could reduce the total cost about 14 percent, and cut the needed payroll tax from 21.2 percent to 18.2 percent. Obviously, that assumption (or a more realistic one in between) would move some number of people from the “worse off” to the “better off” column.

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Mar 2019
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God's Country
Every time leftist politicians says something like this(Medicare for all) is good for everyone. Grab your wallet!
 
Sep 2019
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dfw, texas
wow, the heritage foundation says so!! was Scott Baio busy? why not ask him? here are two charts, easy to read, even for trump voters, that show why every modern country in the world but this one has a form of universal health care, and why they spend on average about half on health care per person as people in this country. and of all those modern countries, from Canada to Japan to Australia to German to England to Europe in general, who have had universal health care for decades, NOT ONE HAS GONE BACK TO DUMBASS PRIVATE INSURANCE....and not one citizen in any of those countries has gone bankrupt paying for medical services, or for care for their kids or elderly parents, or had to donate to some friend who had medical bills after a catastrophic illness or injury. and no company had to spend their profits insuring any workers, and no workers had to stay or take a crummy job at some place just because they offered health insurance.

health care bankruptcy.jpg

health care money per capita.png
 
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Sep 2007
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N48 51.489 E2 17.67119
wow, the heritage foundation says so!! was Scott Baio busy? why not ask him? here are two charts, easy to read, even for trump voters, that show why every modern country in the world but this one has a form of universal health care, and why they spend on average about half on health care per person as people in this country. and of all those modern countries, from Canada to Japan to Australia to German to England to Europe in general, who have had universal health care for decades, NOT ONE HAS GONE BACK TO DUMBASS PRIVATE INSURANCE....and not one citizen in any of those countries has gone bankrupt paying for medical services, or for care for their kids or elderly parents, or had to donate to some friend who had medical bills after a catastrophic illness or injury. and no company had to spend their profits insuring any workers, and no workers had to stay or take a crummy job at some place just because they offered health insurance.

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There really is no fix for the amount of stupid Republicans possess.
 
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