Republican Senators attacked Medicare for All as overly expensive and even “unamerican.” Castillo responded by arguing that “the country cannot afford the financial burdens of a system with built-in inefficiencies, administrative waste, and needless profiteering.”
The inability to afford healthcare leads to 68,000 deaths per year, and medical bills bankrupt even more.
“Unless you’re Elon Musk, you could be one illness or injury away from financial ruin,” said Adam Gaffney, an Assistant Professor at Harvard Medical School who also testified at the Senate hearing.
Gaffney also testified that nearly a third of every dollar spent on healthcare in America gets wasted on bureaucracy, particularly on insurance companies’ claim contesting. Canada, a universal healthcare bellwether that conservatives love to hate, spends half that proportion on administration.
If the United States fully realized a model of Medicare for All policy by 2030, Congressional Budget Office analysis suggests that the country could net $650 billion in that year alone.
Of course, health care profiteers – from private hospitals to insurance companies and large pharmaceutical chains – are desperate to consign Medicare for All to oblivion. Last year alone, UnitedHealth Group CEO David Wichmann earned an eye-popping $142.2 million.