Medicare vs private care

It has always been my position that the best health care plan would be through employers and have a high deductible with health saving accounts. This would give total control to the individual and allow for competition but this plan is not politically feasible so the next best thing is Medicare for all as proposed by Bernie Sanders. Here is some interesting information on cost. The news comes from a new study by Aon AON +0.85% Hewitt (AON), a benefits consultancy, which said average health care costs are projected to increase 6.7 percent to $11,176 per employee in 2014. Of the total premium, employees are projected to pay 22.4 percent of the total, or $2,499. The worker premium is rising about 10 percent from $2,303 this year. Add these together and you get $13,675 as the average cost for the average citizen. Now compare that to the cost of Medicare where 50 million people are covered at a cost of $600 billion or $12,000 each and consider that most of a person’s health care cost comes in the last two years of life. While this is not as cost effective as the plan I proposed and does not allow for individual decision making it certainly is better than what we currently have. Sometimes if you can’t get the best you need to settle for second best.