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National & World Issue

Should the U.S. adopt a #Medicare for All #healthcare system?

Score for this "Yes" opinion :
Score is TBD

"Medicare For All Would Cover Everyone & Save Money" Aug 11, 2024

The United States spends more on #healthcare than most countries, yet the cost individuals pay continues to rise. It has become more of a political issue than anything else, which is simply unacceptable. Opponents repeatedly claim that "Medicare for All(M4A)" is too expensive, and we cannot afford NOT to implement Medicare for All. If we implement our health care spending would rise and reach near $6 trillion a year in the next decade. "Medicare for All" would be a hugely ambitious policy undertaking with profound effects on the economy and the economic security of households in America. 

On the other hand, the "Medicare for All Act" can transform U.S healthcare services' availability and efficiency. It is considering both the costs of coverage expansion and the savings achieved through this Act. The entire system could be funded with less financial outlay than is incurred by employers and households. It also estimated that ensuring healthcare access for all Americans would save more than 68 000 lives and 1·73 million life-years every year compared with the status quo.

With Medicare for All, most families would spend less on health care than they do now on premiums, copays, and deductibles. Although some sort of #taxes would be implemented to pay for Medicare for All, most families would spend less on health care than they do right now. A study of the Political Economy of Research institute shows that Medicare for All could reduce total health care spending in the U.S. by nearly 10 percent, to $2.93 trillion, while creating stable access to good care for all U.S. residents. Approximately a family that earns $60,000 annually would pay less than 14% on their annual health care costs.

A fundamental reform like M4A would make coverage universal. Further, by providing a counterweight to the substantial market power that keeps prices high and currently wielded by many key players in the health care sector, such a reform could also have great success in containing health care cost growth. In turn, this could provide relief from many of the ways that rising health costs squeeze family incomes.

However, "Medicare for All" would provide guaranteed health care to everyone and access to home and community-based care for all who need it. It would guarantee coverage for dental, vision, and hearing services and end medical debt and medical bankruptcies. M4A would also end price gouging by pharmaceutical companies and put an end to corporations profiting off the sick. Fundamental health reform like M4A would benefit typical American families in all sorts of ways. It might be possible that such reform would be bad for the job sector, but this could substantially improve how labor markets function for middle class families.

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