I’m going to be 64 years old next month, yes, I do have some health issues. Yep, getting older. I actually am looking forward to being 65. I can look forward to Medicare! I am paying $593.56 a month for my health insurance through MVP.
I’m so fed up with insurance companies and their fat profits.
The health insurance industry is now composed of a mix of for-profit and nonprofit companies of various sizes. About 155 million Americans get private health coverage through an employer, but the reach of the industry extends into publicly funded insurance programs.
A third of Americans enrolled in Medicare, my husband, for example, who is over 65. Many others get their coverage through Medicaid.
Simple talk of Medicare for all makes investors jittery. Economists have begun wrestling with the basic question. What sort of change would it mean? Would it cost more or less than the current health care system?
No one has examined the full economic impact of such plans on jobs, wages, investors, doctors and hospitals, nursing homes, or on the health insurance companies themselves. Let alone the pharmaceutical companies. Such a change would shake the entire health care system, which makes up one-fifth of the U.S. economy.
There are few international analogies to the Medicare for All proposals, but Canada, which provides similar doctors and hospital benefits for its residents, probably comes closest. Even there, people buy private insurance for benefits not covered by the government program like prescription drugs and dental care.
Some systems, Britain, for example, everyone is covered by a public system, but people can pay extra for insurance that gives them access to private doctors.
Most countries in Europe don’t have single-payer systems, but instead allow private insurance companies to compete under extremely tight regulations.
I have to agree with Mr. Sanders, “There is a reason why the U.S. is the only major country on earth that allows private insurance companies to profit off the health care. The reason … The function of the private health insurance to not to provide quality care to all, it is to make as much money as possible for the private insurance companies, working with the drug companies.”
I am still in question of the whole system. We have got to have a change. For tonight, I think I’ll have a glass of wine. Salute.
Mary Ellen Fava