How to win on Medicare for All
Here’s How we Pay for It
This is one of the most common questions you’ll get about Medicare for All, so let’s knock that out first.
First off, it’s really important to understand the system we have is currently the most expensive in the world, and that a Medicare for All system would drastically reduce our health care spending.
Here’s how we pay for it:
- We start with the money we are spending on Medicare, Medicaid, ACA subsidies, and other public programs. Next, we replace private insurance premiums, co-pays, and other out of pocket costs with a progressive tax system.
- While taxes may go up slightly, it would be significantly less than what businesses, families, and individuals are currently paying.
The question isn’t really “How can we afford to do this?”.
The question we should be asking is “How can we afford not to?”.