That's all interesting.....
The one thing you seem to be missing is that Medicare and Medicaid suck.
Medicare and Medicaid reduce costs by flat out not paying the full cost of care. This is why, the Mayo Clinic (ironic since you are the one who cited the Mayo Clinic), has in the past simply refused medicare and medicaid patients.....
Why the Mayo Clinic is refusing to see Medicare patients
And even now that they resumed taking them.....
Mayo Clinic will prioritize private insurance patients over Medicare, Medicaid
Citing tighter profit margins, the chief executive of the Mayo Clinic recently told his employees that the prestigious health system will prioritize the care of privately insured patients over those on Medicare and Medicaid.
That bold pronouncement by Dr. John Noseworthy — made in a speech to employees late last year — reflects the growing unease among hospital executives who are watching profits shrink due to steady increases in the number of government-insured patients. Medicaid, whose enrollment has increased dramatically under the Affordable Care Act, traditionally pays hospitals significantly less than commercial insurers.
All this talk about how having Medicare for all is so great, and private insurance is so bad.... and yet hospitals and clinic refuse medicare and medicaid, not private insurance.
When you make this bogus claim that medicare for all will be cheaper, all of that is based on the fact that Medicare and Medicaid do not pay the full cost of care.
Well if you eliminate private care, Medicare will have to drastically increase how much it pays out, because hospitals and Clinics without private patients making up the loss of money on Medicare patients will end up going all cash, or going out of business.
You system would never work. This is one of the reasons why you keep pushing for medicare for all over the past 2 decades, and the people you elect to office, when confronted with the facts, end up backing away from it.
I'm not pushing for it... I was simply answering the question of why things would be less expensive...
on your post...
-If we all have Medicare, then the Mayo clinic will have no choice, but to accept Medicare patients.
-Prices should come down for hospitals and the Mayo Clinic, with not needing all the billing clerks and negotiators... so the caps on medical procedures won't be as impactful on their bottom line...
is my guess...
I can't think of anything where costs go down once government takes over.
Just look at the cost of higher education once the government took over the student loan industry.
No, I don't see prices coming down....just the opposite
medicare is one of them though that has saved money... mainly because they cap doctors and hospitals, on what they can charge...
Which isn't always a good thing, because it could stifle entrepreneurship in medical devices... and maybe new medicines and who knows what else....?
But that's my point. You praise medicare as saving money.... but it won't. That's my point.
The only reason medicare is saving money.... NOW.... is because doctors and hospitals can cost-shift to private patients.
What you seem to be implying, is that without private patients, that this cost-saving would still happen. No it wouldn't. Without being able to cost-shift to private payers, to cover the cost of gov-patients, hospitals and doctors will go on strike, like we've seen numerous times in France.
Again.... if someone told you they were going to cut your wages dramatically.... would you keep working? No. None of us would. If my company told me "Oh we have a government contract now, so we can only paying X amount"... I would quit and work elsewhere.
Doctors and hospitals are not slaves. They can simply go cash only, and skip government patients completely.
The Rise of Cash-Only Doctors Who Don't Take Insurance - Pros & Cons
Cash-only doctors, also called direct-pay doctors or direct primary care doctors, are medical professionals who have decided to accept only cash for their services. They don’t accept any insurance, including Medicare or Medicaid.
There's a growing movement of surgery centers and specialists that list their prices and don't take insurance
Surgery centers and specialists, that are cash only. No Medicare or Medicaid.
Now, the irony is that the one point that we agree on, is that insurance companies have too much negotiating power. I don't have a solution to that.
However, what I do know, is that Medicare is not the solution. Thousands of clinics, doctors, and other health care providers refuse Medicare and especially Medicaid on a routine basis, because it's a terrible program that under-pays for care.
You move to that system, and we will either have national doctor strikes, or we will have cash-only hospitals before long. Medicare only saves money, as long as private patients like you and me, foot the bill through higher insurance premiums and costs.