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The current healthcare spending 'fully' suffices. M4A being too costly is a common myth

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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Overview