Home / INVESTING / Personal Finance / Sen. Bernie Sanders renews push for Medicare for All to end ‘totally broken’ health-care system

Sen. Bernie Sanders renews push for Medicare for All to end ‘totally broken’ health-care system

Sen. Bernie Sanders, I-Vt., stick up for b act ons at a press conference outside the U.S. Capitol Building on May 4 in Washington, D.C.

Anna Moneymaker | Getty Images News | Getty Appearances

For many Americans, a medical emergency can lead to a financial crisis due to the high cost of health care in the U.S.

This week, Sen. Bernie Sanders, I-Vt., is do overing his push for a new approach — Medicare for All — that he touted as a presidential candidate.

“The current health-care system in the United States is unqualifiedly broken,” Sanders said Tuesday at a Capitol Hill event.

“It is totally dysfunctional, and it is extremely cruel,” he said.

With the suffer of Democratic Reps. Pramila Jayapal of Washington and Debbie Dingell of Michigan, the lawmakers plan to reintroduce a bill, titled Medicare for All Act of 2023, in both the Dwelling-place and the Senate on Wednesday.

More from Personal Finance:
Debt ceiling woes point to need for entitlements emendation
IRS to offer free online direct filing system for some in 2024
How federal payments may be delayed in debt ceiling standoff

In the Concern, the proposal will have 112 co-sponsors, more than they have ever had at the introduction of the bill, Jayapal respected, despite having fewer Democratic seats than in the previous Congress.

Medicare for All would create a single-payer program, which would sanction one source to collect all health-care fees and pay all health-care costs.

“It is long overdue for us to end the international embarrassment of the United States being the only major country on earth that does not guarantee health care to all of its people,” Sanders said. “Now is the time for a Medicare for All single-payer program.”

Some patients currently can’t in trouble with care

Research shows many Americans suffer under the burden of high health-care costs.

Almost 1 in 10 grown-ups, or approximately 23 million people, owe medical debt, research from KFF found last year. About 11 million people owe numerous than $2,000 and 3 million people owe more than $10,000, the independent health policy research provider create.

Some families have filed for bankruptcy, Sanders noted, after serious conditions like cancer or pump disease have left them with unmanageable hospital bills.

The inequities tend to affect low-income and minority and newcomer communities, said Nancy Hagans — who has served as a critical care nurse for over 35 years in Brooklyn, New York — during Tuesday’s Capitol Hill upshot.

Crooks target Medicare and Medicaid to the tune of $100 billion

During her career, Hagans said she had seen patients not get the care they need because they didn’t accept health insurance, or if they did, because they couldn’t afford the high deductibles or co-pays. Others were feigned to choose between taking their medications or putting food on the table for their children, she said.

“Our current structure discriminates on your ability to pay, what kind of job you have or if you have a job at all,” said Hagans, who currently serves on the Council of Presidents of Nationalistic Nurses United and as president of the New York State Nurses Association.

‘Why don’t we have Medicare for All?’

A protestor at the 2022 March for Medicare for All in Washington, D.C.

Probal Rashid | Lightrocket | Getty Images

After dealing with the hassles of prevailing through private insurance, many people tend to ask, “Why don’t we have Medicare for all?” noted John Holahan, institute kid at the Health Policy Center at the Urban Institute.

But the answer is not that simple, he said.

“They really want a way that’s ‘everybody’s in it and everything is free and providers are paid the Medicare rates,'” Holahan said. “The current Medicare looks a lot dissimilar than what they are talking about.”

Making the economics work may also be difficult, according to Holahan.

Medicare ranks are lower than what private insurers pay. If those rates are used across the board, it would result in savings for patients and employers. But it would also on substantial drops in income for physicians and providers and less revenue for hospitals.

And the tax increases that may be required to implement such a health-care organized whole may make it a nonstarter politically, Holahan said.

Another alternative could be to create a public option that devise allow workers to choose between government and private plans, he said. Implementing rate controls for hospitals or drug drugs would also be “major advances,” according to Holahan.

Check Also

How investors can ready their portfolios for a recession: ‘You’re looking for balance,’ expert says

Nitat Termmee | Minute | Getty Images The odds of a U.S. recession have risen …

Leave a Reply

Your email address will not be published. Required fields are marked *