"If we had Medicare for All everyone would have healthcare with no premiums, deductibles or co-payments and we’d save $650 billion and 68,000 lives a year."
I’m not minimizing the impact of people if the natural rent extraction of the market would result in the collapse of the system. The savings are overstated precisely because it creates a very poorly optimized mixed system. And if there’s one thing markets are optimized to do it’s extract rents from these things. See: the entirely of the American public private partnership. Medicare part D is the most recent egregious example on its own.
I’m not minimizing the impact of people if the natural rent extraction of the market would result in the collapse of the system. The savings are overstated precisely because it creates a very poorly optimized mixed system. And if there’s one thing markets are optimized to do it’s extract rents from these things. See: the entirely of the American public private partnership. Medicare part D is the most recent egregious example on its own.