Medicare for All Should Hurt (Some) Hospitals and Doctors
“If America spent only 11 percent of its GDP on health care in 2018, we would have collectively saved about $1.43 trillion, enough to finance an entire decade of universal public day care and a national high-speed rail system. Instead, we decided to spend a higher share of our collective income on insurance administration, pharmaceuticals, hospital reimbursements, and doctors’ salaries than any other nation on Earth — even as tens of thousands of uninsured Americans died preventable deaths (according to some estimates, anyway).”