Kamala Harris came out with her plan for Medicare for all. It is different from Bernie Sanders plan, as it will take 10 years to implement and still involves the insurance carriers. The showdown for the debate is ready and I can’t wait to hear what both candidates have to say.
Medicare For All?
Sounds like a good idea right? In a recent Gallup Poll from last December, 79% of Medicare recipients say they are happy with the quality of their healthcare and believe they have good to excellent healthcare coverage. Frankly, I think it is the gold standard for healthcare coverage. I can’t wait to turn 65 and not have to worry about the exorbitant costs that I have to pay now. I have high deductibles, high co-pays and payment denials. Having Medicare would solve a whole lot of problems for me. But will Medicare for all really happen? What would it look like?
Medicare for all could work. Actually, I think it will work. The question is…how do you deal with the billions of dollars the insurance carriers will lose? I don’t think they will go down without a fight. If we lower the age of Medicare recipients to 50 or 55, that will hurt the under 50 and 55 populations because the insurance companies will have to make up that money somewhere. This could be a disaster for people in their 20’s, 30’s and 40’s. This will most definitely hurt employers who are already paying high premiums for their employees health insurance.
Personally, I think there is too much power in the money insurance companies earn on a yearly basis. I think Medicare for all is a “no brainer” for the people, but I don’t think the fight to get there would be a victory.
Just my opinion.