r/FluentInFinance • u/The-Lucky-Investor • 13d ago

“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
21.5k Upvotes

92% Upvoted

2.6k comments sorted by

View all comments

23

u/MoneyGrapefruit1000 13d ago

Is this similar to how the ACA was going to make healthcare affordable without making people change their doctors? Because that didn’t happen for most of us.

1

u/Least_Palpitation_92 13d ago

The ACA was a giant bill. The biggest impact it had was standardizing insurance practices. Prior to the ACA you could get health care denied for pre-existing conditions which is no longer the case. People would also buy cheaper options that only covered up to certain amounts and many policy holders wouldn’t even realize it until they hit the max and found out they were screwed.

Basically insurance can’t be as scummy anymore so it costs more.