Bernie Sanders' Medicare-For-All Plan Will Cost $32 Trillion Over 10 Years(reason.com)
reason.com
Bernie Sanders' Medicare-For-All Plan Will Cost $32 Trillion Over 10 Years
https://reason.com/blog/2018/07/30/bernie-sanders-medicare-all-32-trillion
4 comments
I know it's all more complicated than this, but why can't we start with mandating by law maximum prices for things like medication and operations? We all know that these things can be wayyy overpriced compared to other countries, why can't we have a neutral body in charge of setting and keeping prices up to date? If a company decides to not provide medications or operations at that set price, could you not just have companies bid for a price?
Because price controls lead to shortages. Econ 101.
Free markets can lead to shortages, if by shortage you mean quantity of some good or service available at a particular price that is less than what is socially (normatively) desirable.
Japan implements complex price controls on healthcare and many would argue they provide much better healthcare. But many would argue otherwise. Between those viewpoints lie the reasons why a price control strategy might not work well in the U.S.
Japan implements complex price controls on healthcare and many would argue they provide much better healthcare. But many would argue otherwise. Between those viewpoints lie the reasons why a price control strategy might not work well in the U.S.
> Figuring out how to pay for a single-payer system remains a serious problem for supporters of the idea.
Figuring out how to pay for something that saves a huge amount of money is difficult? I'll gladly put the whole thing on my credit card and pocket the difference.
Figuring out how to pay for something that saves a huge amount of money is difficult? I'll gladly put the whole thing on my credit card and pocket the difference.