The Medicare for all thing never gets fully explained, private insurance already subsidizes medicare and medical. Without it, Medicare and medical cannot get the rates they have. For every 100 dollars of medical services, private insurance pays $115, medicare pays $85 and medical pays $50. Providers require more private insurance payers to cover the losses of medicare (old people) and medical (poor people, illegal aliens). Put everyone on medicare and hospitals and clinics either fold or need to charge more, thus eliminating the benefit. A bifurcated system is common in other countries but the one democrat who tells it at events get booed. Why do hospitals in poorer areas struggle financially, it has too many discount patients, you need 3-1 insurance to medical to break even and 1-1 medicare to insured to break even. Since medicare patients need more expensive treatment, it’s actually much higher.
As the saying goes “think it’s expensive now, wait till it’s free.” Same goes for college, free college will cost more than it does today, which ties back to Real Estate, the great recession was caused in part by free credit which ran up prices. Limited commodities are like that, if everyone can have them for free, more will want them and the prices will be driven up (not down) because the ability to deliver them will not be increased and may be decreased if the incentive to deliver them is removed.[/quote]
