Elizabeth Warren and other Democrats have been promising universal healthcare, which will supposedly save more than the $30 trillion to $40 trillion it will cost. Or if the cost is Warren’s $52 trillion, we’ll import more (rich?) taxpayers.
The various plans would end private coverage, later if not immediately, and replace it with a government-controlled, taxpayer-funded program.
One frequently touted benefit is the purportedly low administrative overhead of Medicare, and the end of profits to investors (such as your pension plan) in private companies.
Since their inception, however, Medicare and Medicaid have been plagued by waste, fraud, and abuse, variously guesstimated to be 10%, 20%, or more. Despite an escalating war against doctors, these estimates remain the same.
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