this post was submitted on 25 Jul 2026
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Work Reform

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[–] tburkhol@slrpnk.net 2 points 13 hours ago (1 children)

The US currently spends about $5 trillion on healthcare. About $1T of that goes through Medicare, another $0.9T through Medicaid, which leaves about $3T. Non-government spending is $1.6T through private insurance, $0.6T out of pocket, and $0.5T charities.

The "universal healthcare would be cheaper argument," which I believe, is based on shifting that $3T of private payments into government spending and bringing the ~85% efficiency of care by private insurers up to the 98% that Medicare claims. i.e.: eliminating roughly $400 B of insurance company profit. That still requires $2.5T revenue increase, which is about 50% of current revenue.

[–] FiniteBanjo@feddit.online 2 points 12 hours ago (1 children)

You're operating under the assumption that the US Government would pay the same prices that they currently pay via medicaid and medicare as well as the same prices that private pays. That's not the case. Generally, the US Citizens pay double or more than what citizens in other developed nations pay.

[–] tburkhol@slrpnk.net 1 points 10 hours ago (1 children)

Docs in the rest of the world don't start with $200k student loans, and nurses don't start $50k in debt. US medicare for all won't magically give us Swedish hospital rates.

[–] FiniteBanjo@feddit.online 1 points 9 hours ago

Education aside, the USA already solely pays for residency programs. I just don't see any room for bargaining or negotiations if every hospital is suddenly forced to receive funds for healthcare solely from the federal government or lose practically all business.