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/IbegTWOdiffer 13d ago

Do you believe paying nurses less would somehow ease the staffing issues? The argument against a single payer system like in Canada, is valid, has always been valid, and always will be valid. Healthcare sucks in Canada. Wait times are terrible for anything other than acute care. Pay for providers is low which is why you get a lot of immigrant providers from places like India, where as in the US you get immigrant providers from places like Canada...

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u/ajh1717 12d ago edited 12d ago

Yeah that nurse in Florida being paid 29/hr is the problem, not United Health, which made 23 billion last year in net profit.

We totally save money by paying middle men a shit ton of money for them to try and deny every claim a person makes while providers have to hire staff to sit on hold with them to argue over whether or not a treatment is really needed.

This one insurance company made enough money doing everything possible to not pay for treatment that you could give every nurse in the US a $5,000 raise.

That's one company's net profit. The top 3 companies have a combined revenue of almost half a trillion dollars. But sure, lets keep pretending that we would have to cut wages across the board to go to single payer