National health insurance

As the US moves away from paying for most of the defense for Europe, Canada and Japan this is good time to visit national healthcare again. It is estimated that if the US closed down all healthcare and started one plan, something like Medicare for all, it would cost $4.9 trillion per year. In 2024 the government spent $1.9 trillion on healthcare. US companies spent $1.3 trillion US consumers spent $165 billion out of pocket (company insurance plans) Medicare recipients paid $133 billion in part B cost Medicaid and Obamacare recipients paid $270 billion These total $3.8 trillion. This means the consumers would no longer pay for their existing coverage but would have to come up with the $1,100 billion shortage. For the 150 working families that would be $7,300 per year or $610 per month. Based on todays rates the average employee pays $500 per month for family plan health insurance through the company. This would standardize treatment across the country much like Medicare does today. It would end the private insurance business which employs 600,000 people.