3 ms·
This all might sound like a plausible narrative, until single payer comes along, costs don't come down but go up and now we the debate will be which medical pro
by conanbatt 9y ago
This all might sound like a plausible narrative, until single payer comes along, costs don't come down but go up and now we the debate will be which medical procedures will never be covered by government.
Medicare costs 17% of GDP and it has 44 million people. If you expanded medicare to every single person in america (10x), how much do you think the GDP cost would be then? And what do you think will be the prescription at that point?
Its also a ludicrous proposition to say that because its closer to free market, thats what makes it worse compared to socialized services. Its qualitatively different because it has tremendous regulation and rules. And the proposed solution is to add more regulation.