Fact Sheet on Medicare for All

Written by Adam Knopsnyder


  • Medicare for All will lead to universal health care coverage in the United States within 2 years of its implementation.

Upon signing Medicare for All into law, a transition period would begin by automatically enrolling all Americans who are 19 years-old or younger, or 55 years-old or older into the government-run program (Jayapal, 2019). Then, over the next two years, all other Americans would have to the option to buy into the government system, by way of either paying out-of-pocket or by working for a company that buys into the government program (Jayapal, 2019). By the end of those two years, every individual would be covered by the national program and every child at birth would be automatically enrolled, creating universal coverage in the United States.

  • Medicare for All will cost less than the current healthcare system in the United States.

Currently, the United States spends more on health care per capita than any other nation in the world, spending $3.5 trillion on health expenditures, which makes up roughly 18% of America’s GDP (American Health Care, 2018). Additionally, some studies have shown that spending on health care in the US will only continue to rise, estimating that healthcare expenses will make up about 40% of the federal budget by the year 2040 (American Health Care, 2018).  However, enacting Medicare for All allows the federal government to offer health care and prescription medications at cost to every single individual. Studies have shown that if Medicare for All implemented in the United States, working families that make less than $60,000 per year would pay around 14% less on their annual health care expenses (FACT CHECK, 2020). Overall, health care costs would go down, allowing any American to receive adequate care.

  • Medicare for All will offer the most comprehensive medical insurance to date.

If the Medicare for All bill is passed in Congress as written, the health insurance provided would cover a litany of medical tests, procedures, and equipment in order to maintain one’s health, as well as for the diagnosis, treatment, or rehabilitation of a health condition (Jayapal, 2019). Beneficiaries would be provided with the following: hospital services, including inpatient and outpatient hospital care, including 24-hour emergency care; ambulatory patient services; primary and preventive services, including chronic disease management; prescription drugs and medical devices; mental health and substance abuse treatment services; laboratory and diagnostic services; reproductive, maternity and newborn care; pediatrics; oral health, audiology, and vision services; rehabilitative and habilitative services; necessary transportation to receive health care services for persons with disabilities or low-income individuals; and long-term care services and support (Jayapal, 2019). This level of comprehensive care is unheard of in the current US healthcare system.

Sources:

American Health Care: Health Spending and the Federal Budget. (2018, May 16). Committee for a Responsible Federal Budget. https://www.crfb.org/papers/american-health-care-health-spending-and-federal-budget

FACT CHECK: Medicare for All Would Save the U.S. Trillions; Public Option Would Leave Millions Uninsured, Not Garner Savings. (2020, February 21). Public Citizen. https://www.citizen.org/news/fact-check-medicare-for-all-would-save-the-u-s-trillions-public-option-would-leave-millions-uninsured-not-garner-savings/

Jayapal, P. (2019, February 27). Text – H.R.1384 – 116th Congress (2019-2020): Medicare for All Act of 2019 (2019/2020) [Webpage]. https://www.congress.gov/bill/116th-congress/house-bill/1384/text

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