When insurance companies could process a health care insurance claim for $20, Medicare could do it for just three dollars, and remember Medicare is insurance. No wonder, the insurance companies feel threatened by Democrats’ “Medicare for All” goal.
UnitedHealth Group CEO David Wichmann warned his investors, according to CNBC:
‘”Medicare for All” proposals pushed by Democratic lawmakers and presidential candidates would “destabilize the nation’s health system.’
Freshman Representative Alexandria Ocasio-Cortez shot right back hitting right at the heart of Wichmann’s argument:
‘If by “destabilize,” he means “disrupt for-profit insulin schemes bc the discovering scientist freely gave away the patent bc he didn’t want us to price-gouge life saving medicines,” then yes. (PS:
#MedicareForAll is @RepJayapal’s bill, not mine – and am I proud to cosponsor it!)’
Ocasio-Cortez has supported a plan that was similar to Senator Bernie Sanders’ (I-VT) government system to ensure all Americans.
Apolitical Wichmann just spoke to his investors on a conference call:
‘(Such measures) surely jeopardize the relationship people have with their doctors, destabilize the nation’s health system and limit the ability of clinicians to practice medicine at their best. And the inherent cost burden would surely have a severe impact on the economy and jobs — all without fundamentally increasing access to care.’
He continued, referring to the slowdown in health costs, slower than inflation for the past 16 months:
‘(I)t has lessened considerably due to better management of price inflation and earlier and more effective management of care in lower cost settings.’
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