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
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u/effdubbs 13d ago

I don’t know if this claim or its math are accurate. What I do know is this: US healthcare is in crisis. I’m a nurse practitioner and I have never seen turnover like this before, especially of physicians. The workload and environment are untenable. Systems are crumbling, yet money continues to be extracted. Patients and workers are not getting what they need.

Another thing I know, patients wait here too, sometimes for over a year, depending on the complaint and specialty. The argument to keep our system as is because patients wait in single payor systems is simply not a good one.

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u/thicckar 13d ago

Wow. Do you have any insight into how medicare is viewed by the medical side? Like nurses, doctors and admins?

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u/16semesters 13d ago

Medicare pays okay, better than medicaid.

It's paperwork isn't awful, but it's not great either and still can be tedious and cumbersome.

Biggest places that'd be fucked are places like the bay area of California. No way that under M4A you can pay the 150-200k+ salaries of RNs that get paid there now.

They are buoyed by private insurance in those areas. Under M4A they'd have to drastically cut RN salaries.

In other places it wouldn't be as big of a problem.