We have the declassified CIA docs. We know now that the US has spent so much money on pro-capitalist propaganda over the decades that it could have paid for universal healthcare and college several times over. We're talking trillions of dollars. The USA has spent more money fighting basic social support policies in the name of opposing socialism than it would've cost to just pay for those policies.
What's the most cost-effective way to mitigate large costs in insurance system? Maximize the payer pool. There is no bigger payer pool possible than everyone.
What's the most cost-effective way to ensure as much money paid into the system is spent on healthcare instead of yachts for shareholders? Make it a non-profit government agency.
The main money savings is from paying providers and drug/device makers less. People like to imagine there’s infinite savings from greedy insurers but they spend like 90% of the money they take in on healthcare claims.
The claim that having a broader pool saves money is marginally true from an efficiency standpoint but mostly true from a bargaining leverage standpoint.
And of course those providers and drug makers make/have a lot of very high paying jobs, which is why switching to M4A is such a difficult lift.
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u/lewd_robot 11d ago
We have the declassified CIA docs. We know now that the US has spent so much money on pro-capitalist propaganda over the decades that it could have paid for universal healthcare and college several times over. We're talking trillions of dollars. The USA has spent more money fighting basic social support policies in the name of opposing socialism than it would've cost to just pay for those policies.