Medicare for All: A Potential Transformation in the Healthcare Landscape

A never-ending debate among policymakers is access to healthcare. 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 is facing equal political opposition. The term Medicare-for-All was first presented by Sen. Bernie Sanders back in the year 2016 in his presidential contest.

Advocates for the MFA- Medicare-for-All plan says that it will help America to save the annual healthcare cost and increase the health outcomes. Moreover, their opinion is it will help the American healthcare system to compete with the rest of the progressive world where healthcare is universal. Contrary to this the opposers say, MFA is pretty expensive and the same results can be achieved by other solutions may be by further exercising Obama care or another. According to a survey, 70% of the voters backed the new MFA plan and 13% of the people rejected the idea of Medicare-for-All.

What Medicare-for-All includes:

  • No deductibles and co-payments
  • Universal Health Coverage
  • Single-payer health insurance plan
  • Socialized medicine

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 has been under tremendous amounts of 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 services of their choice. Similarly, small employers lack the capability to offer their employee’s insurance coverage because of their limited income. This is one of the major factors contributing to 27.6 million Americans without healthcare coverage.

Those opposing the implementation of MFA plan call it the worst idea and consider it to be unacceptable for private insurance sectors as the plan will eliminate the need for private insurance companies.

One thing is clear here. Our current healthcare plan is not perfect by any means. There is a lot of work that needs to be done. The rising cost of healthcare is deterring many individuals from seeking medical assistance they need. As for now, the future of the healthcare system remains unclear.