Sunday, March 7, 2021

Insurance for all

Government insurance comes in four different categories, 44 million in Medicare, 75 million in Medicaid, 8 million in Obamacare and 9 million under the VA. The cost to the government is $14,600 per person for Medicare, $11,400 for Medicaid and $11,700 for Obamacare. In addition there are 30 million Americans who have no health insurance. Low income people use Obamacare because it offers subsidized premiums. A single man age 55 earning $20,000 pays $79 per month for the silver plan and has a $2,850 annual deductible. This means he must incur $3,700 of out of pocket expenses before his insurance kicks in. This is why many who are eligible for Obamacare don't sign up. They just wait until they get sick and sign up for Medicaid which has no waiting period and no preexisting conditions clause. That is likely what the 30 million uninsured are going to do. The entire insurance industry is in a tizzy because of Obamacare. It might be wise to find a way to incorporate Obamacare into another group and this is where the idea of Medicare for all comes into play. You then have 136 million Americans in one government plan and 200 million covered by private insurance. The final step will be move the private insurance into the government plan. It is surprising that someone like Senator Warren hasn't figured out a way to have private companies send the money they pay for healthcare to the government and let the government cover everyone with one national plan.

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