Bernie Sanders: Why Medicare-for-All Is Good for Business
Richard Master: A businessman makes the case for a single-payer health care system
By Bernie Sanders
August 21, 2017
Despite major improvements made by the Affordable Care Act (ACA), our health care system remains in crisis. Today, we have the most expensive, inefficient, and bureaucratic health care system in the world. We spend almost $10,000 per capita each year on health care, while the Canadians spend $4,644, the Germans $5,551, the French $4,600, and the British $4,192. Meanwhile, our life expectancy is lower than most other industrialized countries and our infant mortality rates are much higher.
Further, as of September 2016, 28 million Americans were uninsured and millions more underinsured with premiums, deductibles, and copayments that are too high. We also pay, by far, the highest prices in the world for prescription drugs.
August 1, 2017
The Morning Call
By Richard Master
With all due respect to President Trump, he is wrong about the single-payer model of health insurance.
Single payer — centralized public financing of a continued privately operated health system — will not "bankrupt the United States." In fact, the opposite is true.
Single payer is the only internationally proven strategy to transition the U.S. out of its current crisis of runaway health care costs to economic sustainability, where overall system cost growth is consistent with overall economic growth and inflation.
At one-sixth of our economy and over 25 percent of the federal budget, health care will continue to be a focus in Congress until real progress is made and the angst of the American people about the system is resolved. It is clear to most Americans that runaway health care costs translate into flat wages and also a deterioration of real disposable income that drags down our 70 percent consumer-driven economy.