A breakdown of what enacting this sweeping policy reform could mean for millions of uninsured and underinsured people living in the United States. MedicareForAll
Americans a year lose their lives unnecessarily due to a lack of insurance. A survey from the Kaiser Family Foundation and theof all bankruptcies in the U.S. can be attributed to medical debt. The elimination of cost-sharing through the proposed Medicare for All plans would remove this obstacle to receiving medical care.
"It’s all about shifting the spending," Lui explains. "Medicare for All is fixing the finances to fund the system." As for the possibility of an increase in taxation, Lui says, "People are not feeling how much [of their money] is going into the health care system with payroll taxes and employee contributions. With a federal entity, it will be more explicit. Out-of-pocket costs will go down and instead of people paying deductibles and copays, it’s through taxes.
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