Jeffrey Sachs: Medicare for All Insurance
on Monday, December 3, 2018Jeffrey Sachs Money Quote saying Medicare system could provide a more economical and fair system of healthcare for everyone, while saving the government money. Jeffrey Sachs said:
“Medicare for All promises a system that is fairer, more efficient, and vastly less expensive than America’s bloated, monopolized, over-priced and under-performing private health insurance system” — Jeffrey Sachs
In this quote, Jeffrey Sachs is strongly advocating for a Medicare for All single-payer healthcare system in the United States. He argues that such a system would be “fairer” by providing universal coverage, “more efficient” by streamlining administration costs, and “vastly less expensive” than the current private health insurance system.
Sachs describes the existing private system as “bloated”, monopolized by a few large insurers, charging excessively “over-priced” premiums and out-of-pocket costs, and still underperforming in terms of health outcomes compared to other countries with single-payer.
Overall, Sachs is asserting that replacing the U.S. private insurance model with a Medicare for All system based on those used in other nations would lead to a healthcare solution that is more affordable, equitable and effective for Americans.