Shaw's Eco-Logic

This HND piece examines the misguided proposal now in Congress of Medicare For All. First of all, it bears little resemblance to our current Medicare, in that there is NO cost-sharing. Zero out of pocket is unknown anywhere in the world, with the possible exception of Cuba. Indeed, co-pays in other socialized systems are around 20 percent.

To call it a budget buster is an understatement. If tax revenues were doubled, it will still not make up the shortfall. Moreover, the ten-year $32.6 trillion estimated added cost makes unrealistically rosy assumptions of admin cost savings and the willingness of providers to cut their fees by 40 percent. Incandescently stupid, and more so than most socialistic tripe.

Read the complete article.