Guest opinion: Democrats mislead voters on Medicare for all
Health care is the number one issue on voters' minds as the midterm elections approach. Half of all Democratic campaign ads have focused on it.
Democratic candidates are not merely defending Obamacare. Many are proudly running on a platform of Medicare for All, a government-run health plan they say would provide free, high-quality care to every American.
Voters shouldn't be fooled. Single-payer health care would wreck our nation's economy and provide shoddy medical care to patients.
Sen.
Despite its high price tag, single-payer has attracted considerable support from progressive lawmakers. One-third of
Support for a government takeover of the
That pitch may fall flat. Medicare for All would severely disrupt the economy and cause hundreds of thousands of Americans to lose their jobs. The Sanders plan, for instance, envisions reimbursing doctors at Medicare rates, which are about 40 percent lower than private insurance reimbursements.
Doctors won't be able to just swallow a big pay cut. They'll have to lay off nurses and administrative staff. Some are likely to retire early, reduce the number of hours they'll work, or leave medical practice altogether.
Meanwhile, America's best and brightest students are almost certain to think twice before entering the medical field. Why spend years and thousands of dollars in medical school and residency when there are far more lucrative opportunities elsewhere in the economy? Medicare for All will make the practice of medicine less appealing — and thus exacerbate our nation's already acute doctor shortage.
The math of Medicare for All also won't work for many hospitals. By next year, more than four in five hospitals will lose money treating Medicare's beneficiaries. They depend on higher payments from private insurers to balance their books. Eliminating private insurance could force them to close their doors.
Single-payer has played out this way in other countries — with disastrous consequences for patients.
In the
Some Americans have already experienced the dysfunction inherent in single-payer systems. Hospitals and clinics run by the
Progressive
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State regulators warn of deceptive Medicare marketing
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