As physicians who have been working on improving our health care system by implementing an improved “Medicare for All,” we are dismayed by the current debate on health care reform, both on the part of the journalists and politicians.
We hope to clear up some of the myths that have been commonly portrayed in the media.
Myth No. 1: Medicare for All will cause Americans to lose their private health insurance coverage.
Fact: yes, but it will be replaced by a comprehensive government-financed (not government-controlled) insurance plan that will cover all Americans and include all physicians.
Your current physician from your private health insurance plan, will be part of the Medicare for All plan. There will be no out-of-pocket costs, no copays, no deductibles, no surprise billing or risk of medical bankruptcy.
After all, what do private insurance companies contribute to health care other than adding to complexity, paying CEOs exorbitant salaries (in the 100s of millions of dollars) and reaping enormous profits? Right now, over 20% of all the money spent on health care goes to these companies, which provide no benefit.
That money could be used to insure the 20 million Americans without health coverage now.