Today America, a country having a population of 34 million, could not guarantee health insurance to all people because 25% of the population cannot afford it and rest worry about the fact that the rising health costs would be a great setback to the economy. Thus switching to the Expert's idea, 'Medicare for all, Universal healthcare programmed may be much more beneficial for the entire US population; but it has certain drawbacks as well.
'Medicare for all' is an approach to have a check on the profitability of healthcare, looking at it as a business rather than providing good healthcare facilities to patients and ensure quality medical care to them.
There are some issues associated with the proposal 'Medicare for All' based on the followings:
Limited Care Ensured:
The major part of revenue comes from premiums which change from time to time keeping in mind the rising costs of everything. The government provides four-tenth of the revenue as compared to the private insurance companies. Thus shifting to the government facility, 'Medicare For All' leads to a reduction in costs which may result in reducing good facilities, like availability of doctors, extended time to conduct tests, etc.
Though some people refuse to accept the above facts but comparative studies on the European country healthcare systems with Government Healthcare plans, reveal some other facts. They suffer as they have to wait considerably to get doctor's appointments and get delayed for tests, treatments, or even operations. But some who are economically wealthier go abroad to obtain good care and facilities with immediate effects.
Grade of Care:
Medical facilities provided are directly proportional to the costs incurred. The latest technology based advanced Medicare is cost-effective and hence in the process of government providing 'Medicare for All', the governments have to cut down care facilities to maintain costs.
Original Medicare offers two kinds of coverage: Hospital insurance and Medical insurance. If one opts to get additional coverage, one needs to purchase it for medicated drug coverage's as supplemented coverage which is provided in Advanced healthcare and Medicare plans. Thus the availability of care is a relative term and associated with the plan one chooses.
Expenses Based on 'Medicare For All':
According to the estimate provided by the Urban Institute about $32 million should be the cost for the long term care benefits which may get as higher as$39 million in 10 succeeding years. Though the Federal Government will fund the 'Medicare for All' programmed to cover the entire US population at the same time taxes will obviously increase.
What is the bottom line?
A 'Medicare for All' does not only seem beneficial to individuals and families but also to the business and economy. Studies indicate that this program will help US citizens to save more money compared to what they spend right now.
It is a comprehensive health coverage plan for all Americans where the healthcare providers come out with impressive results spending much less amount and providing a healthy living to such a major country, including those citizens who fail to afford health insurance due to low income.
