Medicare Blog

economists who agree with bernie sanders medicare

by Dr. Dawson Leuschke Jr. Published 2 years ago Updated 2 years ago
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Is Bernie Sanders’s Medicare-for-all platform ready for the mainstream?

His platform has already made ideas like Medicare-for-All mainstream and will no doubt be used by future leaders hoping to take it forward. Bernie Sanders ran for the Democratic presidential candidate during the 2020 election cycle.

What is Bernie Sanders’ economic policy?

Sanders espoused many liberal economic policies in his candidacy, including Universal Healthcare and higher taxes on the wealthy and the financial sector. 3 Modern Monetary Theory, the controversial economic theory espoused by his senior economic adviser Stephanie Kelton, has also gained supporters since the last time Sanders ran. 4 5

What did Bernie Sanders say about retirement?

Bernie Sanders. " The Right to a Secure Retirement ." Accessed April 10, 2020. Bernie Sanders U.S. Senator for Vermont. " For the 99% Act ," Page 1. Accessed April 10, 2020. Bernie Sanders. " Making the Rich Pay Their Fair Share in Taxes ."

Does Bernie Sanders have a job guarantee plan?

A job guarantee is actually a proposal borrowed from Modern Monetary Theory. At the time of his running, Sanders said he would be an "Organizer in Chief," so it's worth mentioning that his Workplace Democracy Plan to reform labor laws and strengthen unions is perhaps one of his most detailed and includes multiple measures. 19

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Who would influence Medicare for all?

More broadly, any Medicare for all system would be influenced by the decisions and actions of parties concerned patients, health care providers and political actors — in complex, hard-to-predict ways.

How did Gerald Friedman calculate the cost of Medicare for all?

Gerald Friedman calculated the cost of Medicare for all by making adjustments to current health care spending using assumptions he derived from the research literature. His measurements didn’t capture the behavior of individual Americans, but estimated broader changes as groups of people gained access to different insurance, and as medical providers earned a different mix of payments. A 2018 paper with his analysis of several different variations on Medicare for all is available here.

How did Charles Blahous calculate Medicare for all?

Charles Blahous calculated the cost of Medicare for all by making adjustments to current health care spending using assumptions he derived from the research literature. His measurements didn’t capture the behavior of individual Americans, but estimated broader changes as groups of people gained access to different insurance, and as medical providers earned a different mix of payments. His calculations were made based on Mr. Sanders’s 2017 Medicare for All Act, which indicated that states would continue to pay a share of long-term care costs. A 2018 paper with more of his findings is available here, and includes both sets of estimates for Medicare provider payments.

What would happen if Medicare was for all?

Under a Medicare for all system, Medicare would pick up all the bills. Paying the same prices that Medicare pays now would mean an effective pay cut for medical providers who currently see a lot of patients with private insurance.

How does Urban Institute estimate health care?

The Urban Institute built its estimates using a microsimulation model, which estimates how individuals with different incomes and health care needs would respond to changes in health insurance. The model does not consider the effects of policy changes on military and veterans’ health care or the Indian Health Service, so its totals assumed those programs would not change. It also measures limits on the availability of doctors and hospitals using evidence from the Medicaid program. The team at Urban that prepared the calculations includes John Holahan, Lisa Clemans-Cope, Matthew Buettgens, Melissa Favreault, Linda J. Blumberg and Siyabonga Ndwandwe. Its detailed report on Mr. Sanders’s presidential campaign proposal from 2016 is available here.

Why would Medicare have more leverage with the drug industry?

A Medicare for all system would have more leverage with the drug industry because it could bargain for the whole country’s drug supply at once. But politics would still be a constraint. A system willing to pay for fewer drugs could probably get bigger discounts than one that wanted to preserve the current set of choices. That would mean, though, that some patients would be denied the medications they want.

How many people would have Medicare for all?

Medicare for all would give insurance to around 28 million Americans who don’t have it now. And evidence shows that people use more health services when they’re insured. That change alone would increase the bill for the program. Other changes to Medicare for all would also tend to increase health care spending.

Who was the first candidate to endorse Medicare for all?

While the article doesn't explicitly say Sanders was the first candidate to endorse 'Medicare for all,” the 'extensive review of speeches, correspondences and newspaper clippings” traced his support for the cause back for decades. One early example came during a Vermont senatorial campaign in 1972 when, as a member of the Liberty Union Party, ...

Who was the first to urge Medicare for all?

Fact Checker: Was Bernie Sanders the first to urge ‘Medicare for all?’. Democratic presidential candidate Sen. Bernie Sanders on April 10 introduces the 'Medicare for All Act' on Capitol Hill.

Did Warren support Medicare for All?

Warren also co-sponsored Sanders' Medicare for All Act of 2019 in April. While several candidates say they support 'Medicare for all,” they actually have also either supported or acknowledged a need for a hybrid or incremental approach to a single-payer system, according to the publications.

What did Bernie Sanders say about the health care expansion?

Bernie Sanders argued that the massive health care expansion would actually save the system hundreds of billions of dollars.

How much will Medicare increase over 10 years?

Other estimates — namely, a projection by the Urban Institute — of Medicare for All have suggested it would increase federal health spending by about $34 trillion over 10 years. But elimination of other health spending would make the overall change smaller.

How much does Medicare for All save?

15 in The Lancet, a British medical journal. "It said ‘Medicare for All’ will lower health care costs in this country by $450 billion a year and save the lives of 68,000 people who would otherwise have died," Sanders said at the Feb. 25 Democratic presidential debate.

Is the Lancet paper more generous in its assumptions than other Medicare for All analysis?

Largely, the Lancet paper is more generous in its assumptions than other Medicare for All analysis, noted Jodi Liu, an economist at the RAND Corp., who studies single-payer plans. To the researchers’ credit, she said, they acknowledge that their findings are based on uncertain assumptions.

Who is Ellen Meara?

Telephone interview with Ellen Meara, professor of health economics and policy at the Harvard T.H. Chan School of Public Health, Feb. 25, 2020. Telephone interview with Adrianna McIntyre, health policy researcher at Harvard University, Feb. 25, 2020.

Does the Lancet paper acknowledge underinsured people?

The Lancet paper acknowledges that — but only partially. It allows that people who are uninsured or "underinsured" — that is, who have particularly high levels of cost-sharing now — would use more medical care under Sanders’ system than they currently do. It factors that into the price tag.

What is Bernie Sanders' plan for healthcare?

13  Sanders also wants to lower the price of prescription drugs with three different bills that would allow the government to negotiate prices with Big Pharma, allow patients to import drugs from overseas, and peg prices to the median drug price in Canada, the U.K. , France, Germany, and Japan, respectively .

What economic policies did Bernie Sanders support?

Sanders espoused many liberal economic policies in his candidacy, including Universal Healthcare and higher taxes on the wealthy and the financial sector. 3 Modern Monetary Theory, the controversial economic theory espoused by his senior economic adviser Stephanie Kelton, has also gained supporters since the last time Sanders ran. 4 5

How much money does Bernie Sanders want to spend on child care?

Sanders wants to spend $1.5 trillion over a decade to guarantee every child in America below the age of three free full-day, full-week, high-quality childcare, and children above three, free universal pre-kindergarten. 36 

What did Bernie Sanders promote?

Sanders promoted Medicare for all, a drastic reduction of student and medical debts, and increasing workers' rights while raising taxes on the wealthy and on corporations.

How much money would be raised from corporate taxes in 10 years?

Of the $3 trillion raised from corporate taxes in 10 years, $2 trillion would be devoted to the Green New Deal. The campaign website also added the plan would basically pay for itself. Sanders would target the fossil fuel industry with litigation, fees, taxes, and eliminating federal fossil fuel subsidies. He also says there will be cuts in military spending since the U.S. would not be fighting expensive wars to protect its access to oil abroad, and an increase in tax revenue and decrease in safety net spending due to the new jobs created.

How old is Bernie Sanders?

Even though Sanders did not win the Democratic primaries this time either, the 78-year-old 's name has become synonymous in the U.S. with a movement on the left that has energized scores of progressive young people and dramatically altered how many Americans see their lives and government policy interacting. 6  7 .

What would happen if the NLRB bill was passed?

If the concerned bill is passed, the National Labor Relations Board (NLRB) would certify unions that receive the consent of the majority of eligible workers. 20 21 Employers would be required to begin negotiating a first union contract within 10 days of the request and those that refuse would face penalties. Sanders wants to also ban mandatory arbitration, non-compete and unilateral modification clauses in employment contracts, and establish a sectoral collective bargaining system that is prevalent in Europe.

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