Is Medicare-for-All (M4A) a Good Proposition in the U.S.?
Topic
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No
Viewpoint
Is Medicare-for-All (M4A) a Good Proposition in the U.S.?
Topic
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No
Viewpoint
The following Argument has been submitted for the Viewpoint above.
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It is prohibitively expensive, especially given the U.S.'s already significant debt
Hidden During Evaluations Author
Sep 06, 2024 at 19:30 (UTC) Submission Time
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Implementing a universal healthcare system would require massive government spending, increasing the national debt and potentially leading to higher taxes. The U.S. cannot afford such a costly program. A 2022 study by the Mercatus Center estimated the cost at $32.6 trillion over 10 years.

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The current healthcare spending 'fully' suffices. M4A being too costly is a common myth
Hidden During Evaluations Author
Sep 06, 2024 at 19:47 (UTC) Submission Time

The claim that Medicare for All (M4A) is prohibitively expensive is a myth. Consider these two scenarios:

  • For those with employer-sponsored insurance: The funds that employers currently allocate for healthcare coverage would be redirected to individuals. These individuals would pay a portion of this amount as healthcare tax. (Many overlook that the new healthcare tax would replace the existing employer contributions for healthcare coverage.)
  • For those currently uninsured: Due to economies of scale and reduced administrative costs, M4A can save a significant amount of money. This savings would be more than sufficient to cover uninsured individuals, potentially preventing tens of thousands of deaths each year.

On this note, the US currently spends roughly twice as much per capita on healthcare as any other developed country. We can achieve a lot with this substantial expenditure without needing to increase it.

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