Medicare For All

Medicare for All is a program that has been talked about by the Senate for a while now. It could either be a great way to improve the country's healthcare system, or be its downfall. There are several different proposals of Medicare For All circulating through the Senate, but what they have in common are...

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-comprehensive benefits

-tax financed

-replacement for all private health insurance, as well as the current Medicare program.

-lifetime enrollment

-no premiums

-all state licensed, certified providers who meet eligible standards can apply

At the moment, multiple groups such as health insurance companies, employers and the government pay into health insurance through programs like Medicare and Medicaid. Medicare For All would move the United States from our current multi-payer healthcare system to what is known as a single-payer system. That single entity would become the federal government. In a single paying system, your taxes would cover health expenses for the whole population. Thus, eliminating the role of private health insurance companies and employers providing health insurance to their workers.

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Medicare as we know it wouldn't exactly vanish. It would actually expand to cover everyone and would include more robust benefits that are not currently covered by Medicare.

The big question is whether or not Medicare for All will solve the problems of our current healthcare system. The honest answer at this point is that “it depends..” It would be a brand new program that would require a lot of changes and also (like with any new venture) some unintended consequences.

Stay in the loop with all changes and updates related to Medicare. Contact a broker today!

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