this post was submitted on 01 Dec 2023
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[–] DontRedditMyLemmy@lemmy.world 22 points 11 months ago (3 children)

Isn't it true that M4A could be paid for 3x with the amount we currently spend on our existing system? The insurance companies are the scam.

[–] Bye@lemmy.world 8 points 11 months ago

Yes, the amount we pay just for Medicare and Medicaid is much more than we spend on defense (a large part of which goes to the VA, more healthcare). That money is enough that it alone should pay for single payer healthcare, and would in other countries. But our government run healthcare isn’t allowed to negotiate fully, and has to compete with private healthcare. So it’s hamstrung and we get screwed.

Just eliminating insurance would reign in prices significantly.

[–] TheMightyCanuck@sh.itjust.works 4 points 11 months ago

Cut out the middle men... and by cut out I mean with a guillotine

[–] Zoboomafoo@lemmy.world 4 points 11 months ago

If you use the best estimates for both the cost of M4A and the savings from replacing our current system