Contrary to the image painted by critics, Medicare-for-All would increase access to care and grow the economy, according to an analysis by Public Citizen. The analysis takes a comprehensive look at the research available on Medicare-for-All and lays out the facts, including that such a policy would reduce administrative waste, reduce profiteering of health care and lead to additional federal revenue. The analysis comes as U.S. Rep. Pramila Jayapal (D-Wash.) prepares to reintroduce Medicare-for-All legislation in the U.S. House of Representatives this month. House Speaker Nancy Pelosi has announced support for hearings on the legislation, which would be the first time a single-payer health care system will be taken seriously by House leadership. Medicare-for-All opponents, including Big Pharma and health insurance companies, already have tried to squash any talk of such the reform because it would threaten their profit margins.
The report addresses common Medicare-for-All questions by highlighting key facts, including:
- The system would save money by reducing administrative costs by $500 billion per year and allowing the government to negotiate for more affordable medicines;
- Such a system would be paid for using a progressive funding mechanism so that higher-income earners would pay a greater percentage of their income than moderate or low-income earners;
- Medicare-for-All would cost patients less than employer-sponsored insurance and improve access to community-based services, including home health care;
- A just transition to Medicare-for-All would ensure that former private insurance workers receive the training and support necessary to pursue new careers; and
- Medicare-for-All would improve financial stability for rural hospitals and doctors.
Finally, under Medicare-for-All, there would not be increased wait times, in part because improved financial incentives for providers would mean better prioritization of care, leading to improved access and a reduction of unnecessary costs.