As a Hardcore Capitalist, But Medicare for All Is the Top Solution for American Health System

Deductibles. Preferred providers. Out-of-network. Concierge medical services. Out-of-pocket expenses. Fixed payment. Shared insurance. Benefit advisers. Insurance brokers. Healthcare consultants. Affordable Care Act. Health Maintenance Organization. PPO. EPO. Point of Service. High Deductible Health Plan. Health Savings Account. FSA. Health Reimbursement Arrangement. EOB. COBRA. Small Business Health Options Program. Single coverage. Dependent coverage. Premium tax credits.

Confused? You should be. Who understands this complex system? Not the typical business owner. Neither the average employee. Choosing the appropriate healthcare insurance for our business – or for our families – seems like it requires a PhD in medical insurance.

Our Medical System Isn't Just Complicated, It's Expensive

Based on recent research, typical households spends $twenty-seven thousand each year for their health insurance (up 6% compared to last year). The average employer health insurance cost is projected to surpass $seventeen thousand for each worker by 2026, a 9.5% jump compared to 2025.

Currently the government is shut down because political disagreements over subsidies that experts say will lead to premium increases up to 100% for numerous US citizens.

When Will We Truly Examine National Health Insurance?

How soon might we seriously consider a national health insurance program here in America? I'm convinced we're approaching that point because this situation is unsustainable.

I'm not suggesting government-run medicine. I'm proposing for our current Medicare program – an established insurance framework – merely extend to include all citizens. The existing system doesn't change. How medical professionals get paid changes. Believe me, they'll adapt.

How National Health Insurance Could Function

A national health insurance program would require contributions from workers and companies. In comparable systems, an employee making average wages must contribute approximately five point three percent toward medical coverage. Their employer must contribute about 13.75%.

Does this seem expensive? Unless you compare that with what average American pays. I know dozens of businesses that are easily contributing between eight to fifteen percent of their employee wages to their healthcare costs. Remember that in comprehensive systems, these contributions include retirement benefits, sick pay, parental benefits and job loss protection in addition to funding healthcare facilities. When you add these expenses compared with our current spending for our retirement plans, job loss coverage and vacation benefits, the difference decreases.

Implementation for America

In the US, a national health premium would increase existing Medicare taxes, a framework already established. It ought to be means-based – wealthier individuals would pay more than lower-income earners. There would be both an employee and company payments. Similar to much of our government's military, technology, welfare services and transportation services, the system should be outsourced by private contractors instead of a government office.

Advantages for Entrepreneurs

A national health insurance program would be a significant advantage for small businesses such as my company. It would put us on a level playing field against big corporations that can pay for better plans. It would render management much easier (a payroll deduction processed similarly to social security and Medicare taxes, instead of individual transactions to benefit firms and insurance providers).

It would make simpler for us to budget our yearly costs, rather than going through the complicated (and fruitless) process of bargaining with the big insurance providers required annually each year. Due to simplification, there would exist improved comprehension about benefits by our employees – as opposed to existing arrangements which require them to interpret the complications of existing plans. Additionally there would certainly be reduced responsibility for employers since we wouldn't would be privy to our employees' medical records for risk assessment and different options.

Capitalist Perspective

I'm as pro-market as they get. However I recognize that government play important functions in our lives, from providing defense to funding needed infrastructure. Ensuring medical coverage to all via universal healthcare enhances our economy's infrastructure. It's a better, simpler approach for entrepreneurs which hire more than half of American employees and fund half of our GDP. It makes it possible employees to enjoy better health, have better attendance and be more productive.

Addressing Concerns

Exist numerous factors I haven't covered? Of course there are. But with all the healthcare cost increases experienced in recent years, it's clear that current healthcare legislation is not working very well. I understand that America isn't a compact European nation where major reforms are easier to implement. But expanding Medicare for all, despite increased taxation required, would still be a superior and less expensive approach both for controlling healthcare costs and ensuring coverage to everyone.

Need for Realistic Evaluation

As Americans, we need to tone down national pride. Our healthcare system isn't so great. The US places significantly behind many other countries with the best healthcare in the world, based on comprehensive research. Maybe one bright spot amid present circumstances is that we take a hard look at ourselves and agree that major reforms need to happen.