Medicare for No One | WHAT REALLY HAPPENED


Medicare for No One

Medicare for everyone would mean that the government would pay all, or at least 80 percent of all, of the cost of medical care for everyone — the 17-year-old on his first job as well as the retired person who has contributed for 40 years to Medicare. The amount needed to finance this scheme would be approximately equal to the entire federal budget. All of the fanciful sources of savings from such a program (such as that the expenses of administering the program and indeed the entire health insurance industry would both vanish) would hardly cover a small percentage of this amount.

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