A never-ending debate among policymakers is access to healthcare. Medicare for All is a plan to provide access to healthcare for everyone. Growth in health spending has skyrocketed and shows no signs of slowing down. According to Forbes, approximately 27.6 million Americans are with no health insurance as of 2018. Having consistent access to care increases the chances of early detection of illnesses and better management of chronic diseases.
Discussions regarding legislation for Medicare for all is re-gaining popularity but are facing equal political opposition. Sen. Bernie Sanders coined the term Medicare for all in 2016 in his presidential contest.
Advocates for the MFA – Medicare for All plan says that it will help America save the annual healthcare cost and increase the health outcomes. Moreover, their opinion is that it will help the US Healthcare System compete with the rest of the progressive world where healthcare is universal. Contrary to this, the opponents say, MFA is pretty expensive and gives the same results other solutions provide by further exercising Obama care or another. According to a survey, 70% of the voters backed the new MFA plan, and 13% rejected this idea.
What it includes:
Unlike Canada and other European countries, where the government takes responsibility for health coverage (Single-Payer system), the American healthcare system is not universal. The healthcare sector is under tremendous pressure to deliver quality services. Most employed companies finance their employees through private insurances as per their feasibility. And this limits the employees to opt for medical treatment of their choice.
Similarly, small employers cannot offer their employees’ insurance coverage because of their limited income. It is one of the factors contributing to 27.6 million Americans without healthcare coverage.
Those opposing the implementation of Medicare For All plan call it the worst idea and consider it unacceptable for private insurance sectors as the plan will eliminate the need for private insurance companies.
One thing is clear. Our current healthcare plan is not perfect by any means. There is a lot of work required to improve it. The rising cost of healthcare is deterring many individuals from seeking the medical assistance they need. As for now, the future of the healthcare system remains unclear. For more information on Medicare, Physicians Revenue Group Inc. is here to help.