03 August 2013

Medicare For All

One of the enduring mysteries of American politics is why Obama, among many others, did not propose a three-word alternative to the system we call “Obamacare”: Medicare for all.

It polls through the roof. Studies show that it would do more and save money.

Upgrading the nation’s Medicare program and expanding it to cover people of all ages would yield more than a half-trillion dollars in efficiency savings in its first year of operation, enough to pay for high-quality, comprehensive health benefits for all residents of the United States at a lower cost to most individuals, families and businesses.


Friedman said the savings would come from slashing the administrative waste associated with today’s private health insurance industry ($476 billion) and using the new, public system’s bargaining muscle to negotiate pharmaceutical drug prices down to European levels ($116 billion).

So why didn't Obama push for it?

Think about it.

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