Honey, can you call around and find the cheapest hospital?
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I read Justin Krych’s commentary on Medicare for All. It stirred some thoughts and questions on the subject. If Medicare is good enough for Grandma and Grandpa, why can’t it work for younger folks?
In an insurance pool, controlling costs involves having a balance of healthy and not-so-healthy participants. Adding younger, healthy folks to the current Medicare population improves the overall program. Administrative costs from Medicare are around 2 percent; for private insurance it’s 15 percent or more. And, insurance pools can more effectively control costs because they have greater n...
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