Health Stocks Crumble as Fears of 'Medicare for All' Snowball

[rgbecker]

16. I have issues with anything less than Medicare for all. Sustainability for instance.

Two problems with simply relying on the Public option.

1. The sick and those with pre-existing conditions will be rejected by the private companies and for that matter won’t be working and thus not be covered by employer supplied coverage. This will pile up the largest expenses onto the public option, require higher premiums, and your all American choice and competition is back to just Healthcare for the rich and screw everyone else. The "public option" will require huge subsidies and will be subject to the same attacks Medicare and Medicaid is suffering now.

2. The competition between companies and desire to supply the shareholders and executives with millions require a huge army of people trained in the art of denying coverage, screening of applicants to eliminate the potential sick and accident prone and of course the much discussed population with “pre existing conditions”. These people are not required if the premise is “ you have a right to healthcare and we will take care of you regardless".


The soon to be unemployed staff working to profit the private insurers could be put to work finding ways to better healthcare outcomes at lower costs. As others have pointed out the concern for anyone put out of work because the constant change throughout the economy is no different one industry from another. The solution is government sponsored retraining, education and free college for all.