Why Run on Medicare for All
A Note from Richard Master
I’m not your typical Medicare for All advocate. I own a successful consumer products company that employs around 200 people in Easton, PA. I’m a graduate of Wharton Business School and Columbia University School of Law. My point is: no one has ever accused me of being a socialist.
However, since 2000, my company and my employees have been experiencing relentless increases in the cost of health insurance. These days, about 25% of my company’s compensation costs are consumed by health insurance premiums.
So, a few years back, I did what any good business owner would do, I tried to figure out where these costs were coming from. The more I learned, the angrier I became.
We have a for-profit healthcare system that is inefficient, expensive, and cruel. Insurance companies, pharmaceutical companies, and their shareholders are getting rich while American patients, businesses, families, and workers are suffering.
We have the most expensive healthcare system in the world, and yet 80 million people are uninsured or underinsured, and people are dying because they’re unable to access health care or medication.
This isn’t a healthcare system. This is a for-profit slaughter.
There are a lot of complicated problems in this country that we may not know exactly how to solve. This isn’t one of them. We know that Medicare for All would create a more efficient system that could achieve universal coverage at a much lower cost. The only thing that’s holding it back is the political and lobbying power of for-profit health care companies.
We need candidates with the courage to stand up and say enough is enough. I hope that’s you.
Founder, Business Initiative for Health Policy
CEO of MCS Industries