Tags: bernie sanders | medicare for all | healthcare

Bernie's 'Medicare for All' Would Ban Private Insurance, Lower Incomes

Bernie's 'Medicare for All' Would Ban Private Insurance, Lower Incomes
Democratic presidential candidate, U.S. Sen. Bernie Sanders (I-VT) participates in a FOX News Town Hall at SteelStacks on April 15, 2019, in Bethlehem, Pennsylvania. (Mark Makela/Getty Images)

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Wednesday, 17 April 2019 12:44 PM Current | Bio | Archive

Democrats like to make big promises when it comes to their healthcare reforms but the reality rarely lives up to the hype.

When selling the Affordable Care Act to the American public in the spring of 2010, then-President Obama promised that, “If you like your insurance plan, you will keep it. No one will be able to take that away from you. It hasn’t happened yet. It won’t happen in the future.”

Even as the law was being enacted in the summer of 2012 and it was clear that all would not be as advertised Speaker Pelosi promised that, “Everybody will have lower rates, better quality and better access.”

What happened, as many Americans are painfully aware, was the complete opposite. During the first year of Obamacare, 5 million Americans lost their coverage and from 2013-2017 the average individual market premium more than doubled.

Less than 10 years after the passage of their failed attempt at “healthcare reform” Democrats are back at it, this time lead by self-proclaimed socialist and presidential candidate Senator Bernie Sanders who last week introduced a “Medicare for All” (MFA) bill.

The legislation promises to fundamentally transform “the country’s dysfunctional health care system by eliminating profit-driven health insurance corporations and instead covering every resident through an improved Medicare plan at far lower cost to working families and the nation as a whole.”

Not to be outflanked on their left, four other Democratic hopefuls for the Presidency in 2020; Sens. Cory Booker (D-NJ), Kirsten Gillibrand (D-NY), Kamala Harris (D-CA), and Elizabeth Warren (D-MA) all signed on as co-sponsors. In total 14 Democrats co-sponsored the bill in the Senate and in the House of Representatives 108 Democrats co-sponsored a similar piece of legislation.

The bill would spell the end of healthcare as we know it in America today.

For starters, the private insurance that 181 million Americans currently enjoy, including employer sponsored plans, would be banned.

Section 107 of the bill outlaws any coverage that duplicates what would be provided under a new government health plan.

Members of our military and the many veterans covered by Tricare as well as the scores of government bureaucrats covered by the Federal Employees Health Benefits Program would also not be spared. Americans covered under these plans as well as those covered by Medicare, Medicaid, and the Children’s Health Insurance program would all be forced to join the new government health program.

These changes would also have adverse effects on seniors, diverting resources away from individuals who have been paying into these programs for decades. Single-payer systems have historically lead to care-rationing which means less care for seniors, hospital closures, fewer doctors, and long wait times. The abolition of private insurance means that the popular Medicare Advantage plans utilized by 19 million seniors, or about 1/3 of the population covered by Medicare, would also be terminated. These plans, which are offered by private companies and approved by Medicare, offer a lower-cost alternative for retiree healthcare by capping the out of pocket limit for enrollees and sometimes offering additional benefits, such as vision and dental, not covered by traditional Medicare plans.

The costs of the plan are also unsustainable and would leave American households poorer. An estimate from the Mercatus Center found that Sanders’ “Medicare for All” plan would add $32 trillion to the Federal deficit over the first 10 years and continue to rise from there. This same study found that even doubling the tax rates on individuals and corporations would be “insufficient to finance the added Federal costs of the plan."

Hard working American families would ultimately be left to pick up the tab for this program, greatly diminishing their wealth.

After accounting for additional taxes and healthcare expenditures the Council of Economic Advisers estimates household incomes would be lowered by $17,000 annually on average.

Upon releasing the bill Sen. Sanders remarked that the American people “want a healthcare system which will lower healthcare costs and save them money. They want a health care system which will guarantee them freedom of choice as to which doctor or hospital they can go to. They want a health care system which will substantially lower the cost of prescription drugs. They want Medicare for seniors which will finally cover dental care, hearing aids and eyeglasses.”

Sound familiar?

There’s an old saying that goes fool me once, shame on you, fool me twice, shame on me. Democrats misled the American people about healthcare “reform” once before, and now they are trying to do it again. As taxpayers and patients, we should all be wary.

Travis Korson is a veteran of politics with years of experience in campaigns, communications, and public policy. He previously served in the Bush White House and has also spent time at various conservative organizations and government institutions including the Heritage Foundation, Americans for Prosperity, and the Faith and Freedom Coalition. He is a graduate of the George Washington University where he studied International Affairs with a focus on International Economics. To read more of his reports — Click Here Now.

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Democrats like to make big promises when it comes to their healthcare reforms but the reality rarely lives up to the hype.
bernie sanders, medicare for all, healthcare
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2019-44-17
Wednesday, 17 April 2019 12:44 PM
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