Koch thinktank inadvertently proves that America would save trillions by switching to socialized medicine
Mercatus (previously) is part of the Koch Brothers’ network of thinktanks which allow the billionaires and their cadre of oligarchs to make it appear that their ideas are mainstream by all singing the praises of the wealthy in chorus.
Mercatus’s latest research paper is a hit-piece on Bernie Sanders’ Medicare for All proposal, in which they use neutral, third-party data to arrive at a total cost for providing every person in America with high-quality health-care for the next decade: $32.6 trillion.
This is a BIG NUMBER, but, as it turns out, it represents more than $2 trillion dollars in savings over the amount that Americans will spend over the same period for partial health care coverage for only some Americans.
This reveals private healthcare for what it is: corruption. Corruption is when a bad system produces privatized, concentrated gains for a small number of people, and broad, socialized losses to a large number of people (not treating my factory’s effluent saves me millions of dollars, and I can use that money to lobby for lax environmental regulation; it costs millions of people thousands of dollars each, and though they lose a lot more than I gain, they have to somehow pool the cost of all their losses to thwart me).
In this case, the health care industry uses the billions it earns to deprive Americans of trillions in benefits, including, literally, their lives.
