Okay, that’s good enough for me.
Courtesy of The Hill:
Wendell Potter, a former health care executive, warned Monday that if the United States doesn’t shift towards a “Medicare for All” system as put forth by progressive Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.), the country could face serious financial trouble.
“If we don’t change and move to Medicare for All, we’re all going to be facing medical bankruptcy,” said Potter, who now advocates for moving towards a single-payer, government-run system.
Before becoming a Medicare for All advocate, Potter spent more than 20 years in the health insurance industry, serving as vice president corporate communications at Cigna and director of communications at Humana.
Since leaving the industry, he has argued that the main reason the federal government spends so much on health care is due to the inefficiency of having a multi-payer system, which he says makes it difficult to control health care costs.
“When you have a large number of insurance companies in a given market as we typically do, none of them are big enough to really negotiate in an effective way,” Wendall said. “That is the basic reason why we can’t control health care costs.”
I think that makes really good sense, and has long been an argument made by those promoting a single payer health care system.
Personally I believe that we are headed for single-payer system of some kind in the next decade or so.
And I wholeheartedly embrace that idea.