Actually, yes I have.
You see, government only pays about 2/3 of the cost for their patents. Not a huge loss for a hundred dollar office visit, but a great loss for a $70,000 surgery.
So what happens now is that doctors and facilities have to charge much more for their services to recoup those losses from government. That means private pay and those with insurance are paying much more than they should for the care they're getting. And of course, that means higher and more unaffordable premiums for those not on government programs.
This is why when you see healthcare facilities close down, it's usually in lower income areas where most people are on government programs. There is nowhere to recoup the losses from.
God bless my father. For an 88 year old guy, he still has his mental abilities. He's had several procedures since he went on Medicare. He told me after his first surgery, he got back way more from Medicare than he and his employers contributed his entire working life.
If a new bank opens up, and they let you deposit a 500 dollar check, and allow you to withdraw 600 at the same time, that bank won't be in business for very long.
So now the question with Medicare for all is, how will those facilities be able to recoup losses by government underpay with no private insurance around?
Doctors limit new Medicare patients - USATODAY.com
You are making huge assumptions. The cost of HC in this country is massively inflated. HC costs have gone up more than just about everything over the past 30 years. It’s time to get it under control.
Glad your father is doing well. My father spent the last few weeks of his life in intensive care. Enormous costs were incurred after several weeks in ICU. Medicare covered nearly all of it.
No, they probably only paid the same as everybody else. Doctors and hospitals won't come after you for the money government cheated them. Increased prices is how they get some of the money back. These are not assumptions. I've seen it with my own eyes.
True story: Back when I was in medical, we were opening up a pharmacy in the early 80's. After one of our weekly meetings, we all ran to the coffee pot in the warehouse and as usual, began our own little discussions.
At the time, UPS was on strike so that was the subject. The pharmacist who was in charge of constructing the pharmacy stood in silence, and walked away abruptly. We all just kind of looked at each other stunned. We didn't know her very well.
The coffee crew broke up, and as usual, I was the last one at the pot. The pharmacist came back and shoved a magazine in my stomach. It was her pharmacy magazine. Highlighted was the UPS strike.
Back then, the senior UPS drivers were making 55K a year. A pharmacist was averaging 65K a year. She was furious. She said "Do you know what I went through to become a pharmacist? Do you know what my parents went through? And these assholes have the audacity to strike? I should be the one striking. Had I know this before I went to college, I would have said the hell with that and got a job at UPS!!!"
Unions and their ability to force companies to overpay employees left the medical field void of badly needed personnel. The only way to attract those people was pay increases. Until this day, our country is still short many RN"s just to name one field of work.