Two New Studies Say Medicare For All Is More Cost-Effective Than A Public Option

[joe1776]

Please let's make a friendly wager, if Donald J.Trump doesn't win the majority of electoral college votes on December 14th this year, then I'll ban myself from this religiousforums.com website from December 15th, 2020 until Presidential inauguration day on January 20th 2021. However, if Donald J. Trump were to win the majority of electoral college votes on December 14th this year, then you must ban yourself from this religiousforums.com website from December 15th, 2020 until Presidential inauguration day on January 20th, 2021.

That's a bet. I'll be sorry to see you go.

 

[Salvador]

That's a bet. I'll be sorry to see you go.

If I'm the one who were to lose this bet, I'd be sadly feeling the Bern too badly to be here the second half of December and first few weeks after the start of the new year

 

[ecco]

I would love to see Trump go down, but it seems unlikely unless something big happens in the next 6 months.

Something Big like confirmation that the Trump administration has been issuing phony economic numbers.

Retail establishments are closing at record levels.
Consumer debt is at an all-time high.

Google: current consumer credit card debt

More than 189 million Americans have credit cards. The average credit card holder has at least four cards. On average, each household with a credit card carries $8,398 in credit card debt. Total U.S. consumer debt is at $13.86 trillion.

​

Yet we hear glowing reports like:

Total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
​

If things are so great, why are more Americans in more debt than ever before?

 

[SoyLeche]

Something Big like confirmation that the Trump administration has been issuing phony economic numbers.

Retail establishments are closing at record levels.
Consumer debt is at an all-time high.

Google: current consumer credit card debt

More than 189 million Americans have credit cards. The average credit card holder has at least four cards. On average, each household with a credit card carries $8,398 in credit card debt. Total U.S. consumer debt is at $13.86 trillion.

​

Yet we hear glowing reports like:

Total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
​

If things are so great, why are more Americans in more debt than ever before?

That’s probably not big enough, unfortunately.

 

[ecco]

Two new studies found that the Medicare for All plan proposed by candidates like Sen. Bernie Sanders, I-Vt., and Sen. Elizabeth Warren, D-Mass., would cost less than the public option proposed by former Vice President Joe Biden and other moderates in the Democratic primary.

To read the full article, click here:

New studies show Medicare for All costs less than public option

The big question is: Can hospitals stay solvent if all their income is at Medicare reimbursement levels?

https://www.aha.org/system/files/2018-01/factsheet-hospital-billing-explained-9-2017.pdf
In addition to the high number of uninsured people in America, the hospital payment system itself is broken. Government programs like Medicare and Medicaid pay hospitals less than the cost of caring for the beneficiaries these programs cover; insurance companies negotiate deep discounts with hospitals; and many people who are uninsured pay little or nothing at all.​

 

[Salvador]

Something Big like confirmation that the Trump administration has been issuing phony economic numbers.

Retail establishments are closing at record levels.
Consumer debt is at an all-time high.

Google: current consumer credit card debt

More than 189 million Americans have credit cards. The average credit card holder has at least four cards. On average, each household with a credit card carries $8,398 in credit card debt. Total U.S. consumer debt is at $13.86 trillion.

​

Yet we hear glowing reports like:

Total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported today.
​

If things are so great, why are more Americans in more debt than ever before?

According to this Federal Reserve economic chart, Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) is way lower now than during the Great Recession of 2008-2009.

Please check out reference source: https://fred.stlouisf

 

[joe1776]

The big question is: Can hospitals stay solvent if all their income is at Medicare reimbursement levels?

https://www.aha.org/system/files/2018-01/factsheet-hospital-billing-explained-9-2017.pdf
In addition to the high number of uninsured people in America, the hospital payment system itself is broken. Government programs like Medicare and Medicaid pay hospitals less than the cost of caring for the beneficiaries these programs cover; insurance companies negotiate deep discounts with hospitals; and many people who are uninsured pay little or nothing at all.​

Those "deep discounts" the hospital negotiate are from absurdly high numbers. The whole thing is a game with fictitious numbers.

If the single-payer payouts truly aren't high enough to keep the hospital profitable, they'll be raised. Right now, the hospitals spend a lot of money on administrative costs that won't be necessary with the single-payer plan.

 

[joe1776]

According to this Federal Reserve economic chart, Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) is way lower now than during the Great Recession of 2008-2009.

Please check out reference source: https://fred.stlouisf

Following the 2008 recession, as expected, there were bankruptcies, foreclosures and a tightening of credit.

 

[Salvador]

Following the 2008 recession, as expected, there were bankruptcies, foreclosures and a tightening of credit.

According to this Federal Reserve economic chart, Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) is also lower now than during the Economic Boom of the 1990's.

Source: Household Debt Service Payments as a Percent of Disposable Personal Income