Opinion: Medicare for All will work

James Day, Taos
Posted 4/18/19

In response to George Schurman's My Turn ("Explaining the Financial Fallacy of 'Medicare for All,' " April 11):I would point out that his math omits a huge item: with a national plan, there would be …

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Opinion: Medicare for All will work

Posted

In response to George Schurman's My Turn ("Explaining the Financial Fallacy of 'Medicare for All,' " April 11):

I would point out that his math omits a huge item: with a national plan, there would be a need for additional taxes, but that would be offset by a huge reduction in payroll costs. Employer sponsored health insurance can cost up to 20 percent of an employee's total pay package. Commercial insurance returns only about 80 percent of premium dollars to actual health care. The rest goes for administration and profit. Individual policy buyers have an even greater loss of their health dollars to the operations of the companies. In contrast, Medicare's administration costs are around 5 percent.

An extension of Medicare to All would certainly include most of the optional plans and coverage offered currently, so there would be room for the insurance companies in the mix, but sadly their enormous profits and executive bonuses would be hampered.

James Day

Taos

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